Colgate, Avon helped by Latin American operations

Posted on August 1, 2011 • Filed under: Business, Latin America News

Big gains in Latin America covered up U.S. declines at Colgate-Palmolive Co (CL.N) and Avon Products Inc (AVP.N), with the world’s largest direct seller of cosmetics seen as having a harder road to recovery. At Avon, revenue rose 19 percent in Latin America and fell 7 percent in North America. Sales at Colgate, best known for its toothpaste, rose 17 percent in Latin America and fell 3 percent in North America. Read Article

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