Source: Npros 9/17/2014
Avon Splits with DSA
Association bylaws and guidelines might not be sufficient to protect consumers from fraud.
In it's letter, Avon also criticized the DSA's policies for being "overly focused on the issues of a few specific brands rather than industry-wide challenges".
The DSA leadership expressed disappointment in Avon's decision.
Established in 1886, and with worldwide sales of over $10 billion dollars last year, Avon is one of the oldest companies employing the direct-sales model.
Related News
-
Avon to Pay Millions to Settle Bribery Charges
NEW YORK, Dec. 17, 2014 -- Avon Products, Inc. today announced that the company has entered into agreements with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) related to the previously disclosed Foreign Corrupt Practices Act (FCPA) investigations. The terms of... Read More...Avon Splits with DSA
Citing risks of being labeled a pyramid scheme, Avon is parting ways with the trade association it helped found almost a century ago. Avon parted with a letter to other member companies expressing concern that the Direct Sellers Association bylaws and guidelines might not be sufficient to protect... Read More...Avon Appoints Pablo Munoz Sr VP and President, North America
NEW YORK, May 20, 2013 -- Avon Products, Inc. announced today the appointment of Pablo Munoz as Senior Vice President and President, North America, effective June 24, 2013. Mr. Munoz will report to Sheri McCoy, Avon's Chief Executive Officer, and will join the company's Executive Committee. Mr.... Read More...Avon Announces Layoffs
NEW YORK, April 8, 2013 -- Avon Products, Inc. today released further details of the company's previously announced $400 million Cost Saving Initiative by 2016.The latest actions include a global headcount reduction of more than 400 associates across all regions and functions, and the restructuri... Read More...
