Earnings/News Release

Avon and Emanuel Ungaro Introduce Signature Fragrances

NEW YORK, March 14 /PRNewswire/ -- Avon Products, Inc. today announced a collaboration with the world renowned fashion house Emanuel Ungaro Maison to create two signature fragrances, U by Ungaro for Her and U by Ungaro for Him. The results of the partnership are fragrances that capture the design house's effortless sensuality and bring Avon consumers worldwide a piece of the Parisian soul that is Ungaro. The new fragrances for Her and for Him will launch globally, beginning in the U.S., in August 2008.

Avon continues to build a portfolio of designer fragrances that allows their consumers to experience the world of fashion and luxury. The new partnership with Ungaro follows the successful alliances with designers Cynthia Rowley and Christian Lacroix. In 2007, the Christian Lacroix fragrances became Avon's most successful launch of all time. Now, Avon's exclusive partnership with Emanuel Ungaro and their newest fashion line, U by Ungaro, incorporates another facet of fashion. Ungaro embodies a European style that is modern and intriguingly sensual.

U by Ungaro for Her and U by Ungaro for Him, both created by perfumers at International Flavors and Fragrances, are contemporary and daring. U by Ungaro for Her is a Fresh, Floral Woody scent with sensual top notes of Bergamot Blossom, Wet Freesia and Pepper Blossom mingling with mid notes of Acacia Aura, Living Lotus Flower and Osmanthus. The dry down is a blend of Oris, Creamy Sandalwood, and Clean Musk. U by Ungaro for Him is a Woody Aromatic Watery fragrance that offers an airy freshness and a sophisticated blend of rich, textural woods. Top notes of Green Mandarin Leaf, Ruby Red Grapefruit and Pomegranate sweeten mid notes of Natural Immortale, Cardamom and Cedarleaf. The drydown is composed of Natural Vetiver, Patchouli, Sandalwood, Tonka Bean and Peru Balsam.

Geralyn Breig, Senior Vice President and Brand President for Avon Products, Inc., states, "The brand's new modern approach to style made Ungaro an ideal choice for this exciting partnership. The youthfulness of their U by Ungaro fashion line provides a modern sensibility with a cosmopolitan edge, something Avon customers can relate to. The new U by Ungaro fragrances for Her and for Him reflect the spirited attitude that both companies value so highly. Our launch of the U by Ungaro fragrance continues our key growth strategy of bringing access to great style and fashion for all women."

"We are thrilled to partner with a company that is so deeply connected to women and men all over the world. This is a wonderful opportunity to enable people to experience U by Ungaro fashion and style in a very special way -- through fragrance. With these two new fragrances, Avon has really captured the energy, confidence and sophisticated feel of our designs," noted Mounir Moufarrige, President and CEO from Emanuel Ungaro Maison.

U by Ungaro for Her and U by Ungaro for Him will be featured in Avon's brochure, which is distributed through over five million Avon Representatives around the globe. Avon's Global Ambassador, Reese Witherspoon, will also be featured globally in print and TV advertising for the two fragrances.

The Emanuel Ungaro Maison was established in 1965 and is a universe of the unexpected: reuniting extremes, associating prints, colors and textures that create an extraordinarily sensual international style. U by Ungaro is a more youthful, cosmopolitan ready-to-wear collection that launched in Japan in 2008 and will roll out globally.

U by Ungaro for Her and U by Ungaro for Him will be featured in the company's brochure, which is distributed through over 5 million Avon Representatives around the globe.

About Avon

Avon, the company for women, is a leading global beauty company, with $10 billion in annual revenue. As the world's largest direct seller, Avon markets to women in more than 100 countries through 5.4 million independent Avon Sales Representatives. Avon's product line includes beauty products, fashion jewelry and apparel, and features such well-recognized brand names as Avon Color, Anew, Skin-So-Soft, Advance Techniques, Avon Naturals, and Mark. Learn more about Avon and its products at www.avoncompany.com

SOURCE Avon Products, Inc. -0- 03/14/2008 /CONTACT: Gina Dinisio of AVON Products, Inc., +1-212-282-8186/ /Company News On-Call: http://www.prnewswire.com/comp/079575.html / /Web site: http://www.avon.com http://www.avoncompany.com / (AVP)