• Avon Sales Down 2% in ‘Challenging' Environment

    5 monthes ago - By WWD

    Avon Products Inc. is still struggling, but its new leader Jan Zijderveld is sounding a positive note.
    The mass beauty brand said sales for 2017 as a whole and for the fourth quarter declined 2 percent on a constant dollar basis, hitting $5.7 billion and $1.6 billion, respectively. Avon's net profits totaled $91.5 million in the fourth quarter, up from losses of $10.7 million a year earlier. Profits for the year tallied $22 million, up from $107.6 million.
    Jamie Wilson, Avon's chief financial officer, pointed to the continuation of “challenging macro and competitive conditions,” but said...
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  • French Beauty Export Sales Reach 13.6 Billion Euros in 2017

    5 monthes ago - By WWD

    PARIS - France remains the world's largest exporter of beauty products, generating sales of 13.6 billion euros in 2017 outside of its borders, according to the country's federation of beauty companies.
    The Fédération des Entreprises de la Beauté said Thursday that sales from the exports rose 12 percent versus the prior year, bolstered by revenues from fragrance and skin care.
    The country's trade balance remains positive at 10.5 billion euros, up almost 14 percent versus 2016.
    Specifically, export sales to countries in the European Union gained 6.2 percent, driven by Germany, the U.K...
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