Avon appoints new CEO
Avon has announced that a new chief executive officer will be joining its team, effective immediately. Jan Zijderveld will be taking over the role, succeeding Sheri McCoy who announced intentions to retire from the company and its board. Aside from becoming the new CEO, Zijderveld also will serve as a member of the London-based company’s board of directors.
“On behalf of the Board of Directors, we are delighted to welcome Jan to Avon, who we unanimously appointed from a very strong list of seasoned global executives,” Chan Galbato, chairman of the board of directors of Avon said. “With his 30-year track record as a proven global leader, Jan has driven profitable growth in large, multi-channel, complex consumer businesses across emerging, developing and developed markets.”
Zijderveld previously spent 30 years with Unilever, where he was a member of the company’s executive committee, served as president of the $14 billion European business, and the executive vice president in South East Asia and Australasia. Prior to that, Jan was the CEO of Unilever, Middle East and Africa where he was able to refocus the brand’s food and personal care portfolio by creating dedicated modern and traditional trade channels to meet the needs of the changing marketplace.
“I am thrilled to be joining Avon at such an important chapter in the Company’s turnaround. I strongly believe in the opportunity and relevance of direct selling for today’s representatives and consumers. Avon is an iconic brand with an incredible global footprint as the world’s leading direct selling beauty company, operating in the attractive and growing beauty category,” Zijderveld said.
Groupe Rocher to acquire Arbonne International
Groupe Rocher, who currently houses luxury brands such as Yves Rocher, Petit Bateau and ID Parfums has announced plans to expand its portfolio by acquiring Arbonne International.
Arbonne, is a company that offers a wide range of vegan skin care, bath, body, nutrition and makeup products, with sales revenue in the excess of $550 million. The Irvine, Calif-based business’ holding company is Natural Products Group.
“This acquisition will be a real asset that will enable us to strengthen our positioning in the direct selling channel, which has seen an upturn over the past few years. We also have a heritage of providing employment opportunities -dating back to my grandfather, our founder, Yves Rocher, who cared deeply about providing employment since he started his business. This, combined with our direct selling know-how, should foster company growth and longevity,” Bris Rocher, CEO of Groupe Rocher said.
Nature’s Gate, a personal care brand, which is part of Arbonne also is part of the acquisition. The company has approximately 800 employees and 250,000 active independent consultants.
“We share with Groupe Rocher commitments to pure, botanically based products and sustainability, as well as a long-term business vision that is grounded in family values. We are particularly pleased with Groupe Rocher’s keen appreciation of the many benefits of the direct selling model in providing flexible income opportunities, and a positive community of professional growth for individuals,” Kay Zanotti, CEO of Arbonne said.
Groupe Rocher is headquartered in La Gacilly, France, and is an independent family-run group. The acquisition is still pending, with the value not yet released.
Timeless Beauty Bar expands distribution
Timeless Beauty Bar, a private label brand focused on providing consumers with beauty products crafted from quality ingredients, has announced that its products will reach a whole new target audience.
The company’s products, which include 100% natural cotton fiber sheet masks are launching nationwide. All items in the brand’s portfolio are made in the United States, cruelty-free and eco-friendly.
All items in the brand’s portfolio contain clever and relatable product names, messaging and are in-stock, able to ship from New Jersey.
Timeless Beauty Bar products are available for purchase in college bookstores, fitness studios, gyms and hotels. More product information can be found on the company’s website.