video MOST POPULAR
Avon's CEO to step down
Thursday, August 03, 2017 - 01:01
CEO Sheri McCoy will quit next year. The company was under pressure from activist investor Barington Capital. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
Avon falling. Shares of the pioneer in direct sales plummeted Thursday on news Sheri McCoy is stepping down as CEO amid pressure from Barington Capital. The activist investor had renewed its call for her ouster after Avon reported a surprise loss in the March quarter. Chris Wang of Runnymede Capital Management: SOUNDBITE: CHRIS WANG, RESEARCH DIRECTOR, RUNNYMEDE CAPITAL MANAGEMENT, (ENGLISH) SAYING: "One negative is that she's staying on until March, so you still have a lot of uncertainty, yeah, for the next three or four quarters." The latest development comes as Avon embarks on a restructuring drive. It has been losing sales representatives. And it's losing sales to bigger players like Estee Lauder and niche brands. The company is half of the size of what it was five years ago after selling most of its U.S. business. In the latest quarter, the company surprised Wall Street by posting a loss instead of a profit, and revenue fell. The company now expects revenue growth to meet the bottom end of its full-year forecast.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Avon's CEO to step down
Thursday, August 03, 2017 - 01:01
Top News »
Mon, 10 Dec, 2018 - (1:51)
Mon, 10 Dec, 2018 - (1:52)
Mon, 10 Dec, 2018 - (2:27)
Mon, 10 Dec, 2018 - (1:27)
Mon, 10 Dec, 2018 - (1:24)
Mon, 10 Dec, 2018 - (2:33)
Sun, 09 Dec, 2018 - (1:45)
Sun, 09 Dec, 2018 - (1:47)
Sun, 09 Dec, 2018 - (2:02)
Sat, 08 Dec, 2018 - (2:15)
Sat, 08 Dec, 2018 - (0:37)
Sat, 08 Dec, 2018 - (1:14)
Editors' Picks »
Mon, 10 Dec, 2018 - (2:13)
Mon, 10 Dec, 2018 - (2:13)
Fri, 07 Dec, 2018 - (5:12)
Thu, 06 Dec, 2018 - (2:22)
Wed, 05 Dec, 2018 - (1:34)
Tue, 04 Dec, 2018 - (1:23)
Mon, 03 Dec, 2018 - (0:55)
Mon, 03 Dec, 2018 - (1:41)
Mon, 03 Dec, 2018 - (2:00)
Mon, 03 Dec, 2018 - (2:08)
Business »
Mon, 10 Dec, 2018 - (4:23)
Mon, 10 Dec, 2018 - (1:14)
Mon, 10 Dec, 2018 - (1:09)
Mon, 10 Dec, 2018 - (1:17)
Mon, 10 Dec, 2018 - (1:44)
Mon, 10 Dec, 2018 - (1:52)
Mon, 10 Dec, 2018 - (3:05)
Mon, 10 Dec, 2018 - (1:23)
Mon, 10 Dec, 2018 - (1:23)
Mon, 10 Dec, 2018 - (1:47)
Mon, 10 Dec, 2018 - (1:50)
Mon, 10 Dec, 2018 - (1:27)
Featured Videos
Adrenaline-filled Crashed Ice makes Japan debut
Cameron Naasz and Amanda Trunzo win the inaugural Crashed Ice races in Japan
China puts a kung-fu twist on bullfighting
Several times a week, Chinese bullfighter Ren Ruzhi puts himself in a ring to spar with an opponent around five times his weight and capable of killing him
'Cheating' gorillas show clever puzzle-solving
Gorillas at Bristol Zoo Gardens demonstrate a distinctly human trait while attempting to solve a new puzzle game - cheating
NASA flies Osiris-Rex within 12 miles of asteroid
NASA's deep space explorer Osiris-Rex has flown to within a dozen miles of its destination, a skyscraper-sized asteroid believed to hold organic compounds fundamental to life as well as the potential to collide with Earth in about 150 years
Pentagon invests in ‘super-soldier’ exoskeletons
The U.S. army is investing millions of dollars in exoskeleton technology to make soldiers stronger and more resilient
Technology »
Fri, 07 Dec, 2018 - (1:52)
Tue, 04 Dec, 2018 - (1:58)
Tue, 04 Dec, 2018 - (1:39)
Tue, 04 Dec, 2018 - (1:24)
Tue, 04 Dec, 2018 - (1:16)
Tue, 04 Dec, 2018 - (1:49)
Sat, 01 Dec, 2018 - (1:44)
Sat, 01 Dec, 2018 - (1:35)
Fri, 30 Nov, 2018 - (1:33)
Entertainment »
1:39am GMT - (2:03)
1:13am GMT - (2:04)
Sat, 08 Dec, 2018 - (0:46)
Fri, 07 Dec, 2018 - (1:20)
Fri, 07 Dec, 2018 - (0:37)
Fri, 07 Dec, 2018 - (1:42)
Fri, 07 Dec, 2018 - (1:12)
Fri, 07 Dec, 2018 - (1:00)
Fri, 07 Dec, 2018 - (1:51)
Thu, 06 Dec, 2018 - (1:36)
Sports And Leisure »
Mon, 10 Dec, 2018 - (0:46)
Mon, 10 Dec, 2018 - (2:46)
Fri, 07 Dec, 2018 - (1:01)
Fri, 07 Dec, 2018 - (1:17)
Fri, 07 Dec, 2018 - (1:23)
Thu, 06 Dec, 2018 - (1:03)
Wed, 05 Dec, 2018 - (2:37)
Wed, 05 Dec, 2018 - (1:17)
Wed, 05 Dec, 2018 - (0:46)
Tue, 04 Dec, 2018 - (0:35)
Oddly Enough »
Mon, 10 Dec, 2018 - (2:08)
Mon, 10 Dec, 2018 - (1:06)
Sat, 08 Dec, 2018 - (0:35)
Fri, 07 Dec, 2018 - (1:53)
Thu, 06 Dec, 2018 - (0:43)
Thu, 06 Dec, 2018 - (0:38)
Wed, 05 Dec, 2018 - (1:34)
Wed, 05 Dec, 2018 - (1:12)
Mon, 03 Dec, 2018 - (1:17)