THE NEWS: Seller of cosmetics Avon Products Inc. Tuesday reported its net income in the first quarter nearly tripled. Income increased by 7% $ 2.63 billion, helped by strength in Latin America.
THE context: Avon makes approximately 80 per cent of its revenues outside North America. Try the vendors of beauty products offset higher fresh products by increasing prices, but clients are also be choked by the high price of gasoline.
What is the following: Avon, said it is focused on the restoration of growth in the Brazil and Russia, two countries that have been weak for several quarters.
No comments:
Post a Comment