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BRIEF-Avon CEO: "We have made significant progress" in settling FCPA bribery probe
February 13, 2014 / 2:55 PM / in 4 years

BRIEF-Avon CEO: "We have made significant progress" in settling FCPA bribery probe

Feb 13 (Reuters) - Avon Products Inc : * CEO says ”we have made significant progress“ in settling fcpa bribery probe * CFO ”don’t expect to resume sales growth until the second half of the year“ * CFO: ”recovery is taking longer than we expected and it will take US sometime

to reverse the trend” * CEO: “we have ample liquidity to be able to pay” bribery probe settlement

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