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Avon: The Rise and Fall of a Beauty Icon
Oleh:
Kowitt, Beth
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 165 no. 6 (May 2012)
,
page 64-71.
Topik:
Avon
;
Retail Industry
;
Beauty Brand
;
Business Management
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.47
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
As CEO of Avon, Andrea Jung made bad bets and missed opportunities. Now she's been replaced - and the 126-year-old company has a second bidder lining up. The CEO and chairman of Avon Products was fielding questions during the company's third-quarter earnings call from a pack of frustrated analysts -- and they weren't holding back. The company had surprised the Street, missing analysts' estimates, and reporting that it would no longer hit its revenue-growth and operating-margin targets for 2011. A day before the October 2011 call, the Securities and Exchange Commission had subpoenaed Avon for information related to whether the company had improperly shared information with analysts -- on top of an SEC inquiry into allegations of bribery by employees in China and elsewhere. On the call Citigroup's Wendy Nicholson said, "It strikes me that you guys are so totally screwed up in so many ways, the change has to be radical."
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