Avon Products inc. said it has taken additional actions relating to a previously disclosed $400 million cost savings initiative that now includes global headcount reductions.
In a regulatory filing, the company said the total number of positions to be lost are 650, representing $35 million in charges expected to be posted in the fourth quarter of 2013. When including other additional actions, centered on halting the further roll-out of the company's order management system that was initiated back in 2009, the total charges for the quarter range between $35 million to $45 million, before taxes.
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)