NEW YORK, Feb. 15 /PRNewswire-FirstCall/ — Avon Products, Inc. (NYSE: AVP) today announced that it expects annualized benefits from Product Line Simplification (PLS) and its Strategic Sourcing Initiative (SSI) to exceed $400 million when fully realized. Avon management will review these initiatives and its business strategies at a company-sponsored investor meeting here today. The meeting will be webcast live beginning at 9:00 A.M. Eastern Time, Thursday, February 15, and later will be archived on Avon’s investor website, http://www.avoninvestor.com/.
Coupled with savings from its previously announced restructuring program, Avon said total savings and benefits from the combined initiatives are expected to exceed $700 million.
