Strategic alliances in Latin America with Coty and KORRES.

The products
from these alliances are important additions to our portfolio and will
enable us to bring more consumers into Avon.
Increase the number of consumers served per representative and their
engagement online, as well as to reach new consumers through a
combination of new brands, new businesses, new channels and pursuit of
strategic opportunities such as acquisitions, joint ventures and alliances
with other companies.
To create attractive Representative earning opportunities and transform
the value chain, restore field health and sales force effectiveness,
successfully implement other initiatives in the direct-selling channel,
successfully execute our digital strategy, including e-commerce, improve
our brochure and product offerings and improve our marketing and
advertising.
Expects to achieve higher-than-anticipated annualized savings and benefits approaching
$900 million from its original restructuring program and its product line simplification and
strategic sourcing initiatives.