Avon Products
Avon Products, Inc. or simply known as Avon, is an Anglo-American 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.
| Company type | Private |
|---|---|
| Industry | Cosmetics |
| Founded | 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) |
| US$ 235.2 million (2018) | |
Net income | US$ -107.4 million (2016) |
| Total assets | US$ 3.01 billion (2018) |
| Total equity | US$ -848 million (2016) |
| Owner | Natura Holding S.A.(76%) |
Number of employees | 23,000 (2019) |
| Website | avonworldwide.com |
| Footnotes / references | |
It is the fourteenth-largest beauty company and, with 6.4 million representatives, is the second largest multi-level marketing company in the world (after Amway). The company's CEO is Angela Cretu who was appointed to the position in January 2020.
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%. At merger completion, Avon became a privately held company, common stock was removed from the NYSE trading.