1. INTRODUCTION Avon Products Inc. is the world's largest direct seller of beauty products, with now close to $ 8 billion in annual sales mainly addressed to women. Avon's product lines include the well-known brands Anew (skincare), Skin So Soft (personal care), Avon Color (make-up) and Fragrance. In addition to these cosmetic products the company also offers a wide range of gift items, including jewelry, lingerie and fashion accessories. Avon sells to customers in far more than 100 countries …showed first 75 words of 3858 total…

…showed last 75 words of 3858 total…nimble beauty firm. "We will significantly increase speed and flexibility in decision-making." Andrea Jung, Avon In the initial phase of its already-announced multiyear restructuring effort, the company said Wednesday that it would consolidate its top management. At the same time, Avon's chairman and chief executive officer, Andrea Jung, will become more closely involved in the day-to-day oversight of the firm's business units through the creation of an "office of the chairman," which also will include