vice-chairman
Avon appoints Johnson & Johnson executive to top role as woes mount
Troubled cosmetics firm Avon is calling on the executive behind Clean & Clear and Neutrogena to lead the company out of its recent history of scandal and financial difficulty.
The 126-year-old company announced on Monday that it had appointed Sherilyn McCoy, a vice-chairman at consumer products giant Johnson & Johnson, as its new chief executive.
McCoy, 53, joins at a difficult time for Avon. Last week, the company rejected an unsolicited USD10 billion bid from Coty, the fragrance company behind scents for adidas, Beyonce, Lady Gaga, Marc Jacobs and others.
HK film council wants a cinema in every district
With high rents forcing many cinema operators out of business, they are calling for the addition of a provision to commercial land-use zoning regulations to guarantee a cinema in all districts.
An uneven distribution of cinemas means many Hongkongers have to travel far to see a movie. In light of this, the Film Development Council will soon commission a study to review the situation.
Indian fashion chain Spencer's reports profit at store level
India's Spencer's Retail – an RPG Group company – has made profits at store level and things are looking up for the retailer, although it still incurs a cash loss, said vice-chairman Sanjiv Goenka.
The company has changed its marketing strategy and now focuses on including private players and localising the merchandise to suit the area-specific requirements.
