Avon Announces New Turnaround Plan
The direct seller outlined its plan to save $350 million over the next three years.
The direct seller outlined its plan to save $350 million over the next three years.
Many insist Cerberus and Avon must make dramatic and occasionally risky improvements in order to catapult Avon into being a contemporary cosmetics powerhouse and not merely a relic.
Avon Products and Cerberus Capital Management announced Thursday that they have signed definitive agreements on strategy to address Avon’s international markets and revitalize Avon’s North American business.