Avon Products
Anglo-American beauty products company / From Wikipedia, the free encyclopedia
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Avon Products, Inc. or simply known as Avon, is an Anglo-American[9] multinational company selling cosmetics, skin care, perfume, and personal care products, It is a multi-level marketing company based in London. In 2020, Avon had annual sales of $9.1 billion worldwide.[4]
Company type | Private |
---|---|
Industry | Cosmetics |
Founded | 1886; 138 years ago (1886) |
Founder | David H. McConnell |
Headquarters | London, United Kingdom |
Area served | Worldwide |
Key people | Angela Cretu (CEO) |
Products | Cosmetics Perfume Skin Care Personal Care |
Revenue | $ 9.1 billion (2020)[1] |
US$ 235.2 million (2018) | |
US$ -107.4 million (2016) | |
Total assets | US$ 3.01 billion (2018) |
Total equity | US$ -848 million (2016) |
Owner | Natura Holding S.A.(100%)[2][3] |
Number of employees | 23,000[4] (2019) |
Website | avonworldwide.com |
Footnotes / references [5][6][7][8] |
It is the fourteenth-largest beauty company[10] and, with 6.4 million representatives, is the second largest multi-level marketing company in the world (after Amway).[11] The company's CEO is Angela Cretu who was appointed to the position in January 2020.[12]
In May 2019, the Brazilian multinational company Natura & Co announced its intent to acquire Avon; the deal closed in January 2020. Following the merger, existing Natura shareholders held 73% of the combined company, Natura Holding S.A., with former Avon shareholders owning 27%.[13] At merger completion, Avon became a privately held company, common stock was removed from the NYSE trading.[14]