Ding, Dong: Avon Calling on the U.K. With Plan to Move Headquarters
An Avon sales representative in New York.
Photographer: Ron Antonelli/BloombergThis article is for subscribers only.
Avon Products Inc., the cosmetics company with a 130-year history in New York, is heading for the U.K.
The company announced plans on Monday to move its corporate headquarters across the Atlantic as part of a cost-cutting push. Avon, which split off its North American operations earlier this month, also will eliminate about 2,500 jobs. The idea is to save as much as $70 million by 2017, according to a statement.