A Brief Recap of Avon's Performance in 2014

Avon was adversely impacted by both macroeconomic as well as microeconomic factors. Externally, the grim economic environment weakened Avon's performance in 2014, especially in the Latin American region, which contributes to over 50% of Avon's revenues. Internally, the company underwent major management restructuring and attrition of its representative base.