By  on June 18, 2010

During her 10-year tenure as chief executive officer of Avon Products Inc., Andrea Jung has adroitly navigated the company through some tough times. But even she had never experienced anything close to the global economic implosion that rocked 2009. Where others saw misfortune, however, Jung—one of the longest-serving ceo’s in the beauty industry—saw opportunity. Jung’s strategy seems to have worked: In its most recent quarter ended March 31, Avon’s revenues rose 13.9 percent to $2.49 billion from $2.19 billion. Beauty sales gained 14 percent to $1.78 billion, compared with the year-ago quarter, on active representative growth of 6 percent, which includes gains in all regions but China. Far from being ready to hang up her hat, Jung, it seems, is just getting started, reports beauty financial editor Molly Prior. Discover Jung’s detailed strategy for Avon’s future in “New Decade Dawning.”

 

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