Avon
This article was originally published in The Rose Sheet
Executive Summary
Direct-seller remains confident business will reach $8.5 bil. by 2007 with 20% operating margin, Exec VP-Asia Pacific, Europe, Middle East & Africa Robert Toth reports during Merrill Lynch Global Branded Consumer Products Conference Oct. 1. Exec says Avon will focus on Central and Eastern Europe as key areas to contribute to growth, highlights Russia as the biggest opportunity in the group. Firm recently announced plans to open $40 mil. manufacturing facility outside Moscow in mid-2004 (1"The Rose Sheet" Sept. 29, 2003, In Brief). Other nations Avon views as strategic regional opportunities include Turkey, Kazakhstan and Bosnia, Toth says...