三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Avon appoints new head of China business

Updated: 2012-02-21 10:19

By Li Woke (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - Avon Products Inc has decided to put a new executive in charge of its business in China. The news comes at a time when the company has seen its sales decline and is being investigated after allegations of overseas bribery.

John Lin, head of Avon's Canadian unit, will become president of the US cosmetics company's China section next month, said Fang Lei, a company spokeswoman, in Beijing on Monday.

The appointment comes as Avon, a leading global beauty company, searches for a replacement for the current chief executive officer, Andrea Jung, who is to remain the chairman of the New York-based company.

Various media have reported that Avon opened an internal probe in 2008 into whether its China business had violated US anti-corruption laws. In regulatory filings in 2011, Avon disclosed that four company executives were fired in response to suspicions that they had bribed Chinese officials.

Last week, Avon, the largest door-to-door cosmetics seller in the world, reported its annual financial results. Its full-year income from continuing operations was $526 million, or $1.20 per diluted share, down from the $595 million it had in 2010, or $1.36 per diluted share.

It had an operating profit of $855 million, a 20 percent decrease from the year before, and had an operating margin of 7.6 percent, down 230 basis points. Avon's net debt at the end of 2011 was $2.1 billion, up $107 million from the end of the previous year, according to the company's website.

Avon entered the Chinese market in 1990. In 2006, it obtained a direct-selling license in China. Two years later, the cosmetic giant had around 600,000 sales representatives and almost 6,000 shops in the country.

Besides seeing its sales plunge and adopting strategy changes, Avon has faced greater competition from larger cosmetics makers such as Mary Kay Inc, Unilever PLC and Procter & Gamble Co.

Last year, China was the market where about 2 percent of Avon's global sales took place. The company had more than $11 billion in revenue.

"Avon's every strategic adjustment is relatively passive," said a report by the Samsung Economic Research Institute. "The strategy changes may be difficult to avoid, but at least, it should not be too results-oriented and come at the expense of partners' interests.

"The most important issue facing Avon is not just business transformation and long-term strategic planning, but to rebuild its business reputation and establish a more effective and long-term incentive system."

主站蜘蛛池模板: 中国精品久久 | 久久免费精品国产72精品剧情 | 东京加勒比中文字幕波多野结衣 | 黄色一级黄色 | 久久99国产精品久久99 | 九九九九在线精品免费视频 | 日韩经典欧美精品一区 | 伊人热| 2020年国产精品午夜福利在线观看 | 日韩射吧 | 女同志freelesvoices | 97超级碰碰碰久久久观看 | 久久久夜色精品国产噜噜 | 国内外成人免费在线视频 | 免费的很黄很色的床小视频 | 性欧美一级毛片 | 亚洲欧美v国产一区二区 | 色综合久久中文综合网 | 一级黄色国产片 | 欧美另类色图 | 日本成aⅴ人片日本伦 | 欧美亚洲尤物久久精品 | 色婷婷国产 | 欧美一区二区三区免费播放 | 婷婷成人基地 | 国产成人综合洲欧美在线 | 国产精品欧美一区二区 | 亚洲国产色综合有声小说 | 国产亚洲女在线线精品 | 国产主播专区 | 欧美一二三区视频 | xxx日本免费 | 免费大片在线观看 | 中日韩黄色大片 | 黄色影片在线免费观看 | 久草资源在线播放 | 亚洲综合精品香蕉久久网97 | 亚洲综合九九 | 中文字幕欧美一区 | 未成人禁止视频高清在线观看 | 黄色影视大全 |