New Avon Company Announces Corporate Name Change to The Avon Company (2024)

FAQs

What is the new name of the Avon company? ›

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

Natura &Co

Avon Products / Parent organization

Avon Products, Inc. and New Avon LLC (US, Canada and Puerto Rico business) become two separate companies.

The Avon Company and Avon Products are not the same

​ The main company continued on as Avon Products, and in 2017 moved its headquarters to the UK. Then in 2019, Korea – based LG Household & Health acquired New Avon. (The previous year, LG H&H acquired Avon Japan​.)

SEC Charges Avon Products, Inc.

(Avon), a global beauty products manufacturer and seller, with failing to put in place controls that could have detected and prevented payments made to Chinese government officials by employees and consultants at an Avon Chinese subsidiary from 2004 through the third quarter of 2008.

He added: “When you look at the reason why consumers are currently not buying Avon, six out of the top ten barriers are linked to access to the brand. These are things like 'it's more convenient to buy other brands', 'I'd rather see and feel a product before I buy', 'it takes too long to arrive'.”

Natura &Co to Close Acquisition of Avon, Creating the World's Fourth-Largest Pure-Play Beauty Group.

This week the global beauty company announced having reached an agreement with TheFaceShop, a subsidiary of LG Household & Health Care Ltd, to sell is China-based manufacturing operation.

In May 2019 Natura & Co announced that it had entered into definitive agreement to acquire Avon Products, Inc. The transaction was approved by Brazilian regulations authorities in the beginning of November 2019 and was completed in January 2020, making Natura & Co the 4th largest pure-play beauty company in the world.

Yet its projected revenue of $100 million this year is dwarfed by Avon's $3.1 billion and Mary Kay's $277 million last year.

Who is the CEO of Avon? ›

Angela Cretu (Jan 2020–)

Avon Products / CEO

Between 2011 and 2022, Avon's total revenue dropped from around 9.23 billion U.S. dollars to around 2.8 billion. Unsurprisingly, Avon's total operating profits also decreased considerably in 2022.

They are still in business as The Avon Company. You can get their products online now along with having people still selling the products as they have in the past.

Avon, the leading social selling beauty company in North America, is proud to be part of the LG H&H family, the #1 consumer goods company in Korea, putting a fresh face forward and driving a new era of innovation.

The group said it wanted customers to experience its products in person, as part of a continued overhaul that will see its 5 million global reps move away from door-knocking and into boutiques and online sales.

The company was founded in the US in 1886 by David McConnell, who mixed scents himself in a small office in New York. Natura & Co's acquisition of Avon in 2020 was considered a landmark deal, creating the world's fourth-largest group of cosmetics companies.

2015 -The Company has changed its name from Avon Organics Ltd to Avon Lifesciences Ltd.