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Avon Sees Restructure Costs at High End

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By: TOM BRANNA

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Avon Products Inc., said that the cost to implement its four-part turnaround plan would be at the high end of a previously announced range of $300 million to $500 million. The company expects restructuring costs for all initiatives to total about $50 million, with implementation continuing over the next three years. Avon also said it expects annual savings to surpassing $300 million once the restructuring’s completed. Avon also backed its forecast calling flat to slightly higher revenue ...

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