Avon Products
Headquarters:
1345 Avenue of the Americas
New York, NY 10105
Employees: 40,300
CEO: Andrea Jung
Website: http://www.avoncompany.com
Stock Symbol:
AVP
Career Page
Avon is a leading maker of beauty products
for women. As the world's largest direct seller, Avon markets
to women in over 100 countries through over five million independent
Avon Sales Representatives.
Avon's product line includes beauty products,
fashion jewelry and apparel, and features such well-recognized
brand names as Avon Color, Anew, Skin-So-Soft, Avon Solutions,
Advance Techniques, Avon Naturals, Mark, and Avon Wellness.
The company began offering products for men in 2004.
The company operates a $100 million state-of-the-art
research and development center in Suffern, NY.
In 2006, Avon reported record sales of
$8.7 billion and net income of $477.6 million. More than 60%
of revenues come from international sales.
The company announced in January approximately
4,000 positions would be cut globally as part of a restructuring,
but with new hiring there will be 2,400 jobs lost overall.
History
Avon started out in 1886 as the California
Perfume Company when founder, Mr. David McConnell, 28 of New
York, NY, USA discovered that the rose oil perfumes he was giving
away were the reason people were buying his books. The first
Avon Sales Representative was Mrs. P.F.E. Albe. The first product
produced was called the Little Dot Perfume Set and included five
fragrances: Violet, White Rose, Heliotrope, Lily-of-the-Valley,
and Hyacinth
The company was named Avon in 1939, after
the river that runs through Stratford-On-Avon in the English
Midlands. The name is a tribute to McConnell's favorite playwright,
William Shakespeare, who hailed from the town.
Avon would be listed on the New York Stock
Exchange in 1964.
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