By  on September 21, 2018

Avon Products Inc. is cutting $400 million in costs are part of a new turnaround plan.

The business plans to streamline operations in manufacturing, sourcing, distribution, administration and the back office in order to save $400 million by 2021, chief executive officer Jan Zijderveld told Wall Street during the company’s Investor Day on Friday. “We can take more costs out of this business and make it a leaner, better, faster business,” Zijderveld said.

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