Avon Products, Inc. has announced decreases in its third-quarter revenues and income, as measures taken as part of the company’s ongoing “Open Up” turnaround strategy took their toll on its operational results.
The privately-held North American company, which split from Avon Products Inc. in 2016, is set to debut a lineup of new product collaborations under LG, including collections with The Face Shop and Chi.
Avon is going vegan with its newest skincare launch.The beauty giant has unveiled ‘The Distillery,' a five-piece collection of eco-conscious skincare solutions that are free from animal products and harmful chemicals.
Grupo Boticário said on Monday it had agreed to buy e-commerce platform Beleza na Web for undisclosed amount, as part of plans to strengthen its online presence while competition intensifies in the beauty business.
Avon products Inc missed estimates for quarterly revenue on Thursday as it had fewer representatives to sell its products in some of its main markets, with Europe, Middle East and Africa seeing the worst dip in sales.
The company will now pledge to limit its contribution to global temperature rise to 1.5 degrees celsius (2.7 degrees fahrenheit) above pre-industrial levels and reaching net-zero emissions by no later than 2050.