Archives for July 17, 2006

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Estee Lauder 2006 outlook hit by tax bill

By  Simon Pitman

Estee Lauder says its financial performance for this year will be hit by a settlement with the Internal Revenue Service combined with a tax gain relating to foreign that will impact 2006 net fiscal earnings by around $35m.

Avon goes full throttle in China

By  Simon Pitman

Avon Products China says it has now employed 114,000 sales staff in China and is in the process of hiring a further 31,000 recruits just four months after it was awarded its first direct sales license in the country.