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Avon Products

Headquarters: 777 Third Avenue
New York, NY 10017
Employees: n/a
CEO: Sherilyn McCoy
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 70 countries worldwide through nearly 6 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, Advance Techniques Hair Care, Avon Naturals, and Mark. 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 2015, Avon completed the sale of its North American business into a private entity owned 80% by Cerberus Capital Management. The business is called New Avon LLC.

The remaining business of Avon announced it would cut 2,500 jobs in March and move its headquarters to the UK. Avon will maintain its current facilities in Suffern, NY and Rye, NY. The Company will also continue to be incorporated in New York and trade on the New York Stock Exchange under the symbol AVP.

The company reported revenues of $6.2 billion in 2015.

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.

Updated March 14, 2016

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