Avon Products has made progress in its turnaround bid by posting third quarter net income attributable to the company of $91.4 million, versus a loss of $5.5 million a year earlier.
Troubled cosmetics manufacturer Avon has reported a poor third quarter for 2013 as a result of low sales in North America and weakness in emerging markets.
As if the last year hasn’t been tough enough, cosmetics company Avon is now being tipped to have another torrid twelve months.
Avon’s recently launched ANEW Clinical Pro Line Eraser is said to be causing a stir amongst consumers in the US market, raising hopes that it may help turn around the company’s fortunes.
Avon Products has rejected a $10bn takeover bid from fellow cosmetics company Coty claiming that it had ‘substantially undervalued’ the company.
Investors are taking rumors over a potential Avon take-over bid so seriously that share prices have risen significantly in the past couple of days.
Citing currency weakness and overexposure in the Central and Eastern European (CEE) market, an analyst has downgraded Avon's outlook for 2009.
Avon releases its fourth quarter results at the beginning of February but analysts disagree on the health of the direct seller in the current climate.
Avon has taken a different stance on celebrity fragrances with its new offering Spotlight, promoted by Courteney Cox.
Avon Products is further concentrating on developing key fragrance
sponsorships with the addition of a male fragrance created by
Hollywood A-lister Patrick Dempsey.
Avon and L'Oreal have both signed licensing deals with leading
clothing companies to exploit the branding potential of the fashion
Avon is looking to almost double its margins in 2008 and achieve
mid-single figure sales growth despite macroeconomic worries and
high oil prices.
Avon takes a new direction with healthcare foods in China, Swiss
Arabian Perfumes Group announces expansion plans in the Gulf and
Ineke perfume expands European distribution.
Direct selling firm Avon plans to cut 2,400 jobs in order to make
significant future savings and re-orientate its business around
Global cosmetics company Avon has incurred criticism from the UK's
Advertising Standards Agency regarding its Astonishing Lengths
Mascara catalogue advertising.