Avon to spend more, save more on restructuring

Avon Products Inc said on Tuesday it expects to spend more on its restructuring, but annualized savings would also be higher once the plan was fully implemented by 2011 to 2012.

Avon said it now expects that total costs related to its turnaround plan will be $530 million, up from the $500 million it had forecast earlier.

It now expects to save about $430 million on an annualized basis after restructuring, while it had earlier forecast savings of $300 million on that basis.

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- Posted: 2008-01-08 09:12:16

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