In Brief
This article was originally published in The Rose Sheet
Executive Summary
Avon Products Inc. says the SEC has closed one investigation into the company. More news in brief.
You may also be interested in...
Red Door Spa Debuts “Professional” Namesake Line For Home Use
Red Door Spa launches its first product line aimed at the consumer market. The “professional-grade” collections are intended to “deliver innovation and added value to our guests and extend their spa experience and results at home,” according to CEO Todd Walter.
Waking The “Sleeping Giant”: New Elizabeth Arden Brand To Launch This Fall
Elizabeth Arden plans to roll out its repackaged, repositioned namesake brand to 50 flagship stores around the globe in September, with a broader launch to follow. Firm aims to rectify what it sees as a glaring incongruity: that Elizabeth Arden has a global awareness ranking in the top five, yet is ranked 15th as a global brand. Ultimately, the move should more than double Arden’s retail business, the firm says.
Avon Clearing the Decks: Firm Ousts Cramb Amid Ongoing Investigation
Avon announces dismissal of Vice Chairman Charles Cramb in connection with firm’s internal investigation into possible breach of fiduciary duty and alleged violations of the Foreign Corrupt Practices Act. With CEO Andrea Jung on her way out as well, analysts see in the decay of Avon’s upper management glimmers of opportunity.