EVIAN, France — A new world order is coming, predicted Andrea Jung, chairman and chief executive officer of Avon Products. And the beauty model that will dominate is the one that successfully reinvents itself first.

"I think we are in the moment of reinvention of the department store, the reinvention of the specialty store formats, of direct selling, of mass," said Jung, during her keynote address at the WWD CEO Beauty Summit. "He or she who reinvents the channel fastest can win."

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