The Avon Lady needs to spend more time on Facebook. Avon Products Inc., famous for sending its representatives door to door, is losing traction in the U.S., where many time-stressed consumers are increasingly buying their cosmetics on the Web.
Beauty company Coty Inc. is no longer interested in wooing Avon Products Inc., withdrawing its takeover bid and sending Avon’s stock plummeting more than 10%. Read Post
Struggling cosmetic firm Avon Products Inc. is cutting more than 400 jobs and leaving Ireland as it continues efforts to slim down amid profit plunges and other troubles. Read Post