Avon Outlines Transformation, Cost-Savings Plan; Analysts Still Wary

摘要

Following Avon Products Inc.'s announcement last month that it will spin off its North American business, execs provide a strategy update for investors, including a $350m cost-savings plan. Avon Products Inc .'s new transformation plan is designed to cut costs and inject savings back into company improvements as the direct seller fights to stay competitive in a challenging environment.