The appointment of Asson Chang as general manager of Avon's China division will be the fourth in five years for the firm. She is reported to be experienced in 'turning businesses around'.
Avon has been forced to publicly quash rumors that it will be pulling its products from China's shelves after various beauty players experienced a challenging year in the volatile market.
Despite the major downward trend of global stock prices, Avon has had some good news as its share prices rose almost 5% upon news that a $62 million lawsuit is about to be settled.
The US Stock Exchange Commission has confirmed that it is to sue the Bulgarian trader who filed fake documents purporting to a takeover bid for Avon Products.
AmorePacific, a personal care giant with a strong foothold in Asia due to a firm marketing strategy and focused products, has announced it is splitting its' stock, to further boost the value of the brand.
Online cosmetics retailer Jumei International Holdings has made an apology after media reports focused on the fact that it was selling fake luxury goods in China.
Nu Skin has confirmed that its sales operations in China have resumed with immediate effect and that it is now re-hiring sales staff, following a recruitment freeze in the country.
Direct sales player Nu Skin has seen its share prices rebound rapidly, with industry reaction overwhelmingly indicating that the fine meted out by the China authorities was on the lenient side.
In the latest blow relating to its practices in China, beauty brand Nu Skin now faces a class action which seeks to recover damages for shareholders who have been hit by the on-going investigations into its alleged ‘illegal pyramid scheme’.
With an investigation currently under way into its operation in China, direct sales player Nu Skin announces preliminary quarterly results that will not yet account for an anticipated downturn.
China authorities have put direct sales player Nu Skin under investigation, following a report in the China newspaper People’s Daily last week that the company has been operating an illegal pyramid scheme.
Direct sales giant Nu Skin has come under attack after a newspaper in China, one of its biggest market, accused the company of operating an illegal pyramid scheme to sell its products.
The fragrance and cosmetics giant has announced an Initial Public Offering that is set raise more than $1 billion, setting in place funds that could be used to spell out the next step in the company’s ambitions to expand.
India has long been a target for many cosmetics and personal care players and it is no different for consumer goods firm Unilever ,which has further invested in its subsidiary in the region.
As Avon shares hit a year low this week, speculation is mounting that the company may become a buyout target over weak financial results and an executive bribery scandal in China.
French cosmetics player L'Occitane says its recent IPO has helped it to raise HK$5.5bn (€553m) as part of efforts to target expansion in the fast growing China market.
Revlon revealed falling sales during its third quarter, underlining tough retail conditions and the strength of the dollar against international currencies.
Procter & Gamble continues to extend its lead in the list of the top ten publicly traded global personal care players, according to their performances in 2007.
Following a flurry of activity that saw its shares rocket this
week, Colorado-based personal care provider OraLabs has confirmed
that it is selling up to a Chinese investment company, turning the
company private again.
The investment world showed its disappointment in Avon's recently
announced quarterly results with a flurry of market activity that
saw the company's share price fall by more than five dollars.
Having increased its offer to buy out leading personal care
supplier Engelhard, Germany-based BASF is looking more and more
likely to be successful in its hostile takeover bid.
Avon shareholders have filed a class action lawsuit in New York,
claiming that the direct sales cosmetics giant failed to tell the
marketplace about the true state of its business, reports Simon
Pitman.
The Tokyo Stock Exchange has ordered that Japanese household goods
maker Kanebo be delisted following company executives' attempts to
inflate last year's sales figures, reports Simon Pitman.
Beiersdorf has reported flat financial results following what the
Germany-based skin specialist described as a difficult year for
trading as the domestic market continued to prove particularly
challenging. However, the company says...
French cosmetics ingredients producer Coletica has confirmed that
it has received an offer from Engelhard Corporation to buy a
majority stake in its share capital, in a move that will give the
company a much-needed cash injection,...
Skincare technology company Radiancy aims to raise £30 million (€45
m) through its flotation on the London Stock Exchange next month.
One look at Radiancy's corporate profile tells you that it is a
small company with big ideas...
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