Meanwhile, it is dealing with a bribery probe. The problems began in 2008, when it started to investigate possible bribery in China related to travel, entertainment and other expenses, and soon widened the probe to other countries, with the Securities and Exchange Commission and Justice department getting involved.
In September, the SEC decided it wouldn't recommend any action against the company over whether Avon contacted analysts inappropriately during a separate bribery investigation. But it still faces wider probes about possible bribery in China and other countries.
Shares of Avon Products Inc. rose $1.17, or 7.2 percent, to close at $17.39 Friday. The stock had been down about 7 percent since the beginning of the year.