Archives for July 17, 2006

← 2006

Avon goes full throttle in China

By  Simon Pitman

Avon Products China says it has now employed 114,000 sales staff in China and is in the process of hiring a further 31,000 recruits just four months after it was awarded its first direct sales license in the country.

Estee Lauder 2006 outlook hit by tax bill

By  Simon Pitman

Estee Lauder says its financial performance for this year will be hit by a settlement with the Internal Revenue Service combined with a tax gain relating to foreign that will impact 2006 net fiscal earnings by around $35m.