16 Facts About Avon Products

Avon Products, Inc or simply known as Avon, is an American British multinational cosmetics, skin care, fragrance and personal care company, based in London.

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

Avon Products 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 Products to sell only through physical stores called Beauty Boutiques.

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

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

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

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

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

On February 24,2011, Avon Products 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 Products 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 Products vowed in 1989 that as a company located in the United States, it would no longer participate in animal testing.

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

In 2019, Avon 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.

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

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