Working alongside various partners on a multitude of transactions, Robert V. Glaser had a role as a member of one of the teams responsible for notable investments, one of these investments being the popular beauty, household, and personal care product manufacturer Avon.
Founded in the late 1800s by American businessman David H. McConnell, Avon has come a tremendously long way since its humble beginnings more than 130 years ago. Before founding Avon, McConnell made a living as a door-to-door salesman who struggled to sell his books. It was in 1886 when he switched things up and began concentrating on perfume. In 1892, Avon was going by the name of “California Perfume Company” before it was incorporated in 1916.
In the 1930s California Perfume Company had expanded to selling products beyond perfume, including lipstick, toiletries, and more. In 1932, the company filed a trademark application to use the word ‘Avon’.
Today. Avon sells its products in more than 100 countries, with Brazil being its largest market. In fact, more than eighty percent of the company’s revenue came from overseas markets back in 2013.
This update is by Robert V. Glaser. Glaser is an industry veteran with decades of experience in banking, private equity, and more. His experience includes his many years working for global manager of alternative investment products Investcorp and he also dedicates his time to various charitable causes including YoungArts Foundation, Chapman Partnership, and more. You can learn more about Robert by visiting the Robert V. Glaser Business or Robert V. Glaser Giving websites.