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Expects savings and benefits approaching $900 million
February 19, 2009
By: TOM BRANNA
Editor
Sometimes it pays to think ahead. Avon Products, Inc. revealed that it now expects to achieve higher-than-anticipated annualized savings and benefits approaching $900 million from its original restructuring program and its product line simplification and strategic sourcing initiatives. The company also announced a new restructuring program targeting annualized savings of approximately $200 million when fully implemented. Charles Cramb, Avon’s vice chairman, chief finance and strategy of...
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