through 5,000 independent Beauty Boutiques, owned and operated by entrepreneurs who are building successful Avon businesses.
?The majority -more than three-quarters-- of these Beauty Boutique owners are women, in keeping with Avon's founding principles of providing business and financial opportunities for women. This is really the core of our business vision and it is consistent from market to market all over the world.
?Today, Avon is proudly known as "The Company for Women" in every country in which we do business. And our ability to provide women with both quality products and a significant earnings opportunity has become an important competitive advantage.
?It is one of the reasons our business in China has grown so rapidly right from the start. Over the past four years we have experienced robust sales growth of 30% annually. In 2003, we expect to achieve total sales of $150 million to $200 million ******. dollars. We have become the number one brand of skin care for
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