Article: NOT TO CLOSE UP 8,000 SPECIALTY STORES IN CHINA, AVON SAYS


AsiaInfo Services
04-06-2004
Not to Close up 8,000 Specialty Stores in China, Avon Says

BEIJING, Apr 06, 2004 (SinoCast via COMTEX) -- China's government will be scheduled to make a law on direct selling at the end of 2004. The move raises sweeping concerns from direct-selling companiesin China and overseas.

On March 28, 2004, sources disclosed in Guangzhou City, Guangdong Province that Avon Products Inc. (Avon), a direct-selling leader in beauty care in the world, would close up more than 5,000 specialty stores and more than 2,000 specialty counters in China, once China issued the law.

An executive from the Beijing Office of Avon confirms that Avonhas spent much time and money in its own ...

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