日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Avon appoints new head of China business

Updated: 2012-02-21 10:19

By Li Woke (China Daily)

  Comments() Print Mail Large Medium  Small

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: 亚欧视频在线观看 | 五月天丁香久久 | 99视频在线免费观看 | 不卡的日韩av | 91丨porny丨露出 | 欧美日韩高清 | 成人午夜免费影院 | 欧美日韩久 | 日韩欧美国产高清91 | 中文字幕第一 | 日韩欧美在线观看视频 | 国产探花系列 | 国产日韩在线视频 | 欧美成人午夜精品免费 | 亚洲va视频 | 在线亚洲色图 | 中文字幕第一页av | 影音先锋在线视频观看 | 天天看片天天爽 | 日本高清在线观看 | 在线免费观看成年人视频 | 精品黄色片 | 亚洲色图另类小说 | 国产精久久久 | 男人天堂社区 | 日少妇视频 | 国产原创视频在线观看 | 综合av在线| 天堂岛av | 久久久久久久精 | 亚洲三级中文字幕 | 日韩欧美区 | 豪放女大兵在线观看 | 日本黄色视 | 四虎影视永久免费观看 | 成人免费在线看片 | 96在线观看 | 免费又黄又爽又猛大片午夜 | 一本一本久久a久久精品牛牛影视 | 日韩一区二区视频在线 | 国产日韩欧美在线观看 |