More than two years into its restructuring plan, Avon Products Inc. has begun to reap the rewards of its labor, reporting that its second-quarter profit more than doubled.
“Following 10 quarters of heavy lifting, the second quarter is what it looks like when it all comes together: A business that is healthy and growing on both the top and bottom line,” Andrea Jung, Avon’s chairman and chief executive officer, told analysts during the company’s earnings call Wednesday. “We are doing what we said we would do to turn Avon’s business around.”
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)