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Avon CEO set to resign amid rising losses and investor pressure

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The chief executive of Avon is poised to exit the global health and beauty retail giant in March amid investor pressure and recording another drop in quarterly sales. Sheri McCoy joined the company — which manufactures its own products and sells directly to customers via its website and door-to-door sales — in April 2012 and launched a three-year transformation plan last year. Part of that plan including relocating the company’s headquarters to the UK and the separation of Avon’s North America business

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Avon CEO set to resign amid rising losses and investor pressure

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