Avon Regains Some Allure

Investors bid the shares higher Tuesday after the cosmetics giant posted a slight rise in quarterly profit

Avon Products (AVP) CEO Andrea Jung is making headway in her efforts to pull the cosmetics giant out of a lengthy slump. Faced by falling sales and rising costs, Avon has laid off around 10% of its entire workforce, according to Morningstar. The company has been undergoing a massive reorganization plan that's costing up to $500 million. But now light is beginning to glimmer at the end of that dark tunnel.

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