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The overall performance of the company for the first half of the year has been in line with management expectations, as revenue and operating profit were 4% and 6%, respectively, higher than the comparative period.
A critical strategic challenge for players in the bath and body care category is the need to attract new consumers in developed markets in order to dilute growth pressures from emerging markets, and multifunctionality is the new strategic mantra.
The development of the plant will enable the company to significantly increase its production capacity to match its growth ambitions and will produce brands including Dove.
The company saw local currency sales increase by 3%, but European sales decreased by 5% to €294.6 million (versus €309.4 million for the same time period in 2012).
U.S.-based operations were $28.7 million for the third quarter of 2013, up 62.3% from third quarter 2012's $17.7 million.
Nivea recorded organic sales growth of 7.3%, while Eucerin generated an 11.1% increase in sales, and La Prairie saw an increase of 5.4%.
When developing beauty and personal care products for emerging global regions, several formulation considerations need to be part of the equation.
Globally, the most popular claims in hair coloring new product launches are those that help to brighten or illuminate the hair.
Net sales growth during the quarter was particularly strong in the company’s luxury and MAC brands, online and travel retail channels, and overall in emerging markets.
Avon's total revenue of $2.3 billion for the quarter decreased 7%, or 1% in constant dollars, compared to the same time period in 2012.