GXO Logistics Extends Partnership With Avon
Portfolio Pulse from Benzinga Newsdesk
GXO Logistics has extended its partnership with Avon, managing a site in Garwolin that supports Avon's largest factory in Europe. This site facilitates the distribution of Avon products to over 50 countries across Europe, Africa, and Asia. GXO has been supporting Avon's operations for 15 years.
November 22, 2023 | 12:02 pm
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GXO Logistics extends its long-standing partnership with Avon, reinforcing its role in Avon's European distribution network.
The extension of the partnership with Avon is likely to have a positive impact on GXO's stock price in the short term due to the continuation of a significant business relationship. This news confirms GXO's ongoing role in Avon's supply chain, which can be seen as a vote of confidence in GXO's services and may positively influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80