Avon Products Presents Financial Initiatives And Investments At Investor Day
AVON PRODUCTS (AVP)
Last avon products earnings: 10/31 06:45 am
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US:NYSE Investor Relations:
investor.avoncompany.com
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Source: PR Newswire
LONDON, Sept. 21, 2018 /PRNewswire/ -- At its 2018 Investor Day, Avon Products, Inc. (NYSE: AVP) today provided certain financial initiatives and investment targets by 2021, driven by the execution of its new strategy to Open Up Avon and return to growth. As outlined in today's presentation, Avon's priorities include rebooting the Company's direct selling proposition, modernizing the brand, unlocking digital and e-commerce capabilities and driving a performance-led culture. Cost savings: by 2021, totaling a targeted $400 million generated from four primary sources:Manufacturing & Sourcing: Manufacturing footprint optimization, outsourcing and targeted sourcing efficiencies; Distribution and General & Administrative: Rationalization of the distribution footprint, outsourcing and targeted general and administrative efficiencies; Back Office: Zero based redesign of back office functions, reduction of certain facilities, real estate and other discretionary spend optimization; and Revenue
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