Avon CEO Expected to Step Down

In May an investor group led by Barington Capital Group, L.P. announced it was calling on the Board of Directors of Avon to immediately begin a search for a new CEO.

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Barington Calls for Avon CEO to Be Replaced

Barington pointed to the fact that during Sheri McCoy’s five-year tenure as CEO, Avon’s stock price has fallen by more than 80 percent– from $22.69 on April 9, 2012 to under $3.65 on May 4.

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Avon Cuts Q1 Losses, Revenues Plummet

Avon CEO Sheri McCoy is exploring moving TV ad dollars from to social media going forward., explaining, “When women try our products we get great reviews.”

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Avon Taps J. Crew Exec as New CFO

Avon Products, Inc. has named James S. Scully as Executive Vice President and Chief Financial Officer, reporting to Sheri McCoy, Chief Executive Officer.

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Avon Settles China Bribery Suit for $135 Million

Avon Products, Inc. has settled its case that charged its China unit with bribery, specifically disguising gifts and cash to Chinese government officials as business expenses in exchange for business benefits between 2004 and 2008.

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Avon Posts Tough Q2 Results

Beauty sales declined 13%, or 3% in constant dollars. North America constant-dollar beauty sales declined 20%. On the bright side, Avon.com is re-launching in September.

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Avon Reps Key to Restoring N.A. Biz

Price increases, more product sampling and a reduction in the page count of its costly brochure, are among Avon’s tactics to restore sales and profitability in the U.S. market.

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