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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,…
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…
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,…
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…
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…
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…
