Avon

Retail Asia15/05/2019

LG Household & Health Care has acquired Avon North America in a US$125 million deal with an affiliate of Cerberus Capital Management. LG H&H holds a strong market position in South Korea’s consumer goods industry, one of the world’s largest beauty markets, with more than $13.1 billion in sales last year. It currently distributes a […]

Retail Asia01/03/2019

Avon reported its fiscal 2018 results earlier in the month, saying revenues declined as the beauty giant continued to cull it sales representatives across the globe. The London-headquartered company said total revenue decreased 2% for the twelve months, while like-for-like revenues decreased 3% in constant dollars. The number of Active Representatives declined 5% with decreases […]

Retail Asia11/01/2019

LG Household & Health Care announced Wednesday it is buying Avon’s Chinese factory in an effort to expand production facilities. According to LG Household, subsidiary The Face Shop will purchase the London-based cosmetics firm’s factory in Guangzhou, China, for around 79.3 billion won ($70.8 million). Avon’s 49,500-square-meter (12.25-acre) factory in Guangzhou, China is capable of […]

Retail Asia03/07/2018

Beauty & home goods direct seller Avon has announced advancements in its digital sales tools. Avon’s digitised mobile-enabled shoppable brochure has now gone live in 12 countries, attracting 500,000 users in the first 48 hours of trading. The company has launched a new global sales centre to support 6 million of its registered beauty entrepreneurs, […]

Retail Asia22/02/2016

Globally the beauty industry is growing, despite regional market challenges. “Unfortunately,” observes Neil Saunders, CEO of retail analyst Conlumino, “it’s not growth that Avon is currently benefiting from.” At the core of the brand’s troubles are Asia and Brazil. Avon’s Asia Pacific revenues shrank by 16 per cent overall and by 8 per cent on […]

Retail Asia20/04/2015

Avon Products is reported to being weighing options for the future of its North American business. A report in the Wall Street Journal this week stating the company was “exploring strategic alternatives” led to an increase in the struggling company’s stock price of 18 per cent at one point. Its market value had fallen 44 […]

Tag: Avon

LG Acquires Avon

Avon 2018 sales dip, culls sales reps globally

LG H&H buys Avon factory in China

Avon expands on digital world

Avon Asia woes continue

Avon US on the block?