Since her arrival in April, Avon Products Inc. chief executive officer Sheri McCoy has worked to wring out costs, and the strategy seems to have put the company on more solid ground.
“We have early signs of stabilization in some key markets, a strong management team in place and a disciplined approach to cost and cash management,” McCoy told analysts during the company’s earnings call on Tuesday. “We have a lot of work to do, and as we move forward into 2013 there are likely to be a few bumps along the way. But with that said, I’m confident that we’re in a good position to continue making progress toward our goals.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"