Executive Summary
On September 21, 2018, Avon Products, Inc. (AVP) hosted its Analyst/Investor Day. At the event, management focused on financial initiatives and cost savings of $400 million by 2021, and investments in commercial initiatives and digital and IT infrastructure.
- The company outlined a three-year plan to “open up” brand access. The plan focuses on enhancing Avon’s digital capabilities and online and offline selling.
- Avon is reassessing its value-pricing strategies to include fewer promotions and more product bundling and beauty regimens.
- Avon plans to grow its market in India and China.With over one billion Chinese consumers and 500 million Indian consumers that are aware of the brand, these markets hold enormous potential for the company.
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