Posted by Market Wrap Daily | Posted in: Recent
Avon Products (NYSE: AVP) to look for new CEO
Avon Products Inc.’s (NYSE: AVP) shares are higher this morning by more than 8% a day after the cosmetics giant said it would search for a new chief executive to replace Andrea Jung, who will remain on as executive chairman.
Avon Products, Inc. manufactures and markets cosmetics and beauty related products. Its product categories are Beauty, Fashion and Home. The Beauty category consists of color cosmetics, fragrances, skin care and personal care. The Fashion category consists of fashion jewelry, watches, apparel, footwear, accessories and children’s products. The Home category consists of gift and decorative products, house wares, entertainment and leisure products and nutritional products. The company operates through six geographical segments: Latin America; North America; Central & Eastern Europe; Western Europe, Middle East & Africa; Asia Pacific; and China. Avon Products was founded by David H. McConnell in 1886 and is headquartered in New York, NY.