Avon Moving Headquarters Out of Country

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NEW YORK -- A change of address is in store for the cosmetic company that's made females feel beautiful for 130 years. Avon just announced its headquarters is moving from New York to the UK!

It's a part of a three-year plan to turn the company around after struggling to maintain sales in the U.S. and South America.

They're also planning to cut 2,500 corporate jobs worldwide.

Avon says the changes will cost them $60 million this quarter, but they're planning to make-up for it with annual savings of up to $70 million by 2017.

Wonder if Avon's move will shake the foundation for the pink ladies over at Mary Kay's Dallas headquarters?

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