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yesterday, Avon Products (China) Co., Ltd., president of high-Shou Kang said that this year, Avon will increase investment in China will also consider acquisitions or mergers and acquisitions in China-Japan high-quality companies. However, he plans to bid for Avon Beijing Dabao market rumors but said no comment.
Chinese market to reverse the completion of the
China is the world’s most long-term growth potential of the market, Avon’s strategy is to China as the world’s first conduct a market and continue to increase investment in China. global Avon Chairman of the Board, Chief Zhong Binxian executives said. This means that in the Chinese market to recover confidence.
It is understood that in 2005 China sales of Avon 207,000,000 U.S. dollars, the performance in 2004 than the emergence of 223,000,000 U.S. dollars down. To this end, Avon nearly a year of transition.
in the first two months of sales growth in China Avon satisfactory. Gao Shou Kang said that in the past in 2006, Avon China sales data are waiting for the headquarters of the United States after the reunification of the statistics released last year, but only in the third and fourth quarter sales The growth rate gap between the amount of view, very optimistic. It is reported that China last year, Avon third and fourth quarter sales growth were 9%, 28%.
At the same time, high-Shou Kang said that after nearly a year, Avon’s transformation and to adapt laws and regulations through the stage, this Avon China has started to enter the direct sales model of the second phase, the focus for the Avon salespeople and service network To provide a better service. Gao Shou Kang said that this year will be in addition to increased advertising, marketing, production, as well as expansion in areas such as investment.
It has been revealed that this year, Avon marketing investment in China will double over, and also the implementation of mobile phone orders and optimize the distribution house, as well as the establishment of a national call center, and other actions. It is learned that China Avon in the country has nearly 5400 sales and service outlets and 399,490 salespeople.
In addition, the New Year in the Avon will also be anti-aging, moisturizing, whitening, four color launched a series of new products. Avon China, vice president of the Greater China market, Ye Jing Hui said.
or Johnson & Johnson bid for Beijing Dabao
However, Shoukang high in the capital is prudent operation. Although he said that Avon will consider acquisitions or mergers and acquisitions in China-Japan high-quality companies, but it plans to bid for Avon Beijing Dabao evaded the question of market rumors.
a few days ago, Beijing Dabao listed in the Beijing Equity Exchange, the price of the proposed 2.3 billion sale of its stake in 100%. One tangible assets of about 600,000,000 yuan, the price of intangible assets of around 1.7 billion. Transfer standard, including: Beijing held by the three plants open 83.42% the state-owned shares and Beijing Dabao Cosmetics Co., Ltd. will be held by the Employee Stock Ownership 16.58% shares.
It is understood that this is Johnson & Johnson reported last year following the acquisition of Dabao news of the latest trends. And It is reported that the intention to take over Dabao In addition to the previously rumored Johnson, another cosmetics giant Avon and Dabao had contact.
We do not rule out the possibility at any time to buy a good opportunity for the brand. Gao Shoukang to the Shanghai Securities News said, though, on whether they intend to participate in bid for Avon Beijing Dabao can not give a yesorno The answer, however, Avon has the possibility to The company expressed concern about the sale. Sina
: Excerpts articles reflect the personal views of the author, the only reference to the investors, does not constitute investment advice. The stock was at your own risk.