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Byline: Molly Prior
Avon Planning Another Round of Restructuring
Avon products Inc. PLANS TO UNDERSCORE ITS PRAGMATIC, turnaround mentality with a new round of restructuring later this year that is expected to yield $200 million in annualized savings when fully implemented.
Avon's latest plan follows on the heels of the direct-seller's multipronged, three-year restructuring effort implemented in 2005, which has flattened the organization to speed decision making, streamlined the U.S. distribution network and reduced the number of products in its portfolio. Much of the savings from these actions have been funneled into increased advertising spending and …