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December 7, 2001
By: TOM BRANNA
Editor
Avon Products Inc. said today it will post up to $90 million in charges in the fourth quarter and may take more next year as it speeds up cost-cutting moves while facing struggling Latin American markets. But the company said it still expects to meet fourth-quarter earnings and sales targets, helped by U.S. sales growth that could be the best in seven years.Most of the charges will be related to severance payments as the company streamlines its structure, revamps its supply chain and takes other...
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