17 Facts About Avon Foundation

At merger completion, Avon Foundation became a privately held company, common stock was removed from the NYSE trading.

Avon Foundation started the new business in a small office at 126 Chambers Street, Manhattan, New York.

Direct selling was outlawed in China in 1998, which forced Avon Foundation to sell only through physical stores called Beauty Boutiques.

Avon Foundation purchased Silpada, a direct seller of silver jewelry, in 2010 for $650 million.

In January 2021, New Avon Foundation Company announced its corporate name change to The Avon Foundation Company.

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Avon Foundation uses both door-to-door salespeople and brochures to advertise its products.

Avon Foundation was an early member of the US Direct Selling Association, which was founded in 1910.

Avon Foundation left the association in 2014, saying that the trade group was not paying enough attention to the industry as a whole.

Avon Foundation began a probe of its China division after an internal whistleblower alleged bribery in June 2008.

On February 24,2011, Avon Foundation filed a report with the Securities and Exchange commission highlighting the investigation as a corporate risk factor that could cause investor loss.

In 2014, Avon Foundation settled the bribery charges for a total of $135 million; $68 million in criminal penalties, with the remainder in interest, disgorgement, and fines from a civil case brought by the SEC.

Avon Foundation vowed in 1989 that as a company located in the United States, it would no longer participate in animal testing.

Avon Foundation has since claimed to be working globally to introduce safer methods of testing cosmetics that do not require animals.

In 2019, Avon Foundation ended all regulatory-required animal testing, making it the first global beauty company selling in China to stop all animal testing of ingredients and products across all its brands by developing new ways to deliver products that do not require animal testing, such as reformulating products.

Previously, Avon faced another class action suit Morrow v Avon Products, Inc which was settled for $800,000.

In October 2013, Avon Foundation announced the closure of its branch in France at the end of that month.

Avon Foundation has attracted criticism for poor communication with its customers and employees.