Brexit hasn’t affected orders, but currency turmoil is significant, says Avon COO

Brexit hasn’t affected orders, but currency turmoil is significant, says Avon COO

Avon CFO and COO James Scully has revealed that UK consumers appear unaffected by Brexit thus far, according to a report published by WWD.

The direct sales giant has witnessed larger than average orders in the UK, offsetting declines in representatives in its most recent financial quarter.

However, sterling’s decline in value has had a ‘significant’ impact, said Scully. “The pressure from the currency, we did not anticipate that to be quite frank – it’s quite significant on that side,” he told WWD.

 

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