Avon’s Ugly China Bribery Probe Ends With a $135 Million SettlementBy
Avon, the cosmetics maker with door-to-door saleswomen, once had high hopes for China. In 2006 it was among the first companies to obtain a license to sell its products directly to Chinese consumers. Andrea Jung, the chief executive officer at the time, believed China could be a $1 billion market for Avon.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.