Avon Products Inc., which reported a first-quarter profit decline due to restructuring costs and the devaluation of Venezuela’s currency, addressed the company’s internal investigation into allegations of bribery during an earnings call with analysts Friday.
Avon chairman and chief executive officer Andrea Jung said the voluntary investigation into the alleged bribery of Chinese government officials, which it first disclosed in October 2008, currently includes all of Avon’s international regions. “The allegation that triggered our investigation was in China only,” emphasized Jung.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)