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Avon Plans To Expand Presence In India, To Launch 350 New Products

March 1, 2013: 12:00 AM EST
Avon Beauty Products said it plans to expand its business presence in India. Targeting tiers 1, 2, and 3 cities in the country, Avon intends to launch 350 new products across all categories in fiscal 2013. Avon is currently selling about 1,500 products in India, a market that has posted a 40 percent compound annual growth rate for the past three years, according to managing director Ujjwal Mukhopadhyay. Avon India sources around 60 percent of its total products from its Dehradun factory, with the rest coming from the company's other locations.
Vijay C Roy, "Avon Beauty India to expand its footprint", Business Standard, March 01, 2013, © Business Standard Ltd.
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