Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Avon Products, Inc. or simply known as Avon, is an American-British multinational cosmetics, skin care, fragrance and personal care company, based in London. It sells directly to the public. Avon had annual sales of $9.1 billion worldwide in 2020. In 2016, Avon completed the separation of its United States, Canada, and Puerto Rico business as New Avon LLC, which also trades with the "Avon" name. As part of a three-year plan, the global Avon Products relocated its headquarters to London in the United Kingdom.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackAvon Beauty Products Company stops investing in the Russian market, and also stops exporting from the Russian plant to other markets, the company's associated brands also stop their franchises in the Russian Federation.
Continuing to supply social selling representatives in Russia. Suspending Russian Avon exports. Continuing Russian manufacturing operations, which primarily produce cosmetics for the local market (Fragrance portfolio is currently produced in Russia). The international cosmetics concern Avon, which announced more than a year and a half ago that it would cease investing in Russia, has so far decided not to leave the country. Avon halts Russian business sale. Revenue decreased in 2024 vs 2023 by more than -20%.