EXHIBIT 21
AVON PRODUCTS, INC. AND SUBSIDIARIES
The following list includes companies that were owned directly or indirectly by Avon Products, Inc., a New York corporation, as of December 31, 2014. The list includes all subsidiaries.
| Entity Name | Incorporation | |
| Avon Cosmetics Albania Sh.p.k. | Albania | |
| Cosmeticos Avon Sociedad Anonima Comercial E Industrial | Argentina | |
| Avon Cosmetics Aust. Pty Limited | Australia | |
| Avon Products Pty. Limited | Australia | |
| Arlington Limited | Bermuda | |
| Avon Holdings Ltd. | Bermuda | |
| Avon International (Bermuda) Ltd. | Bermuda | |
| Stratford Insurance Company, Ltd. | Bermuda | |
| Compañia De Productos Para La Mujer AP Ltda. | Bolivia | |
| Avon Cosmetics BiH d.o.o. Sarajevo | Bosnia & Herzegovina | |
| Avon Cosméticos Ltda. | Brazil | |
| Avon Industrial Ltda. | Brazil | |
| Viva Brasil Gestao de Bens Ltda | Brazil | |
| Avon AIO Sdn Bhd | Brunei Darussalam | |
| Avon Cosmetics Bulgaria EOOD | Bulgaria | |
| Avon Canada ULC | Canada | |
| AIH Holdings Company | Cayman Islands | |
| Avon Colombia Holdings I | Cayman Islands | |
| Avon Colombia Holdings II | Cayman Islands | |
| Avon CV Holdings Company | Cayman Islands | |
| Avon Egypt Holdings I | Cayman Islands | |
| Avon Egypt Holdings II | Cayman Islands | |
| Avon Egypt Holdings III | Cayman Islands | |
| Avon International Capital Company | Cayman Islands | |
| Avon International Holdings Company | Cayman Islands | |
| Viva Cayman Company | Cayman Islands | |
| Cosmeticos Avon S.A. | Chile | |
| Avon Beauty & Cosmetics Research and Development (Shanghai) Co. Ltd. | China | |
| Avon Healthcare Products Manufacturing (Guangzhou) Limited | China | |
| Avon Management (Shanghai) Company Limited | China | |
| Avon Manufacturing (Guangzhou) Ltd. | China | |
| Avon Products (China) Co. Ltd. | China | |
| Avon Colombia S.A.S. | Colombia | |
| Avon Kosmetika d.o.o. Zagreb | Croatia | |
| Avon Cosmetics, spol. s r.o. | Czech Republic | |
| AIO Asia Holdings, Inc. | Delaware | |
| Avon (Windsor) Limited | Delaware | |
| Avon Aliada LLC | Delaware | |
| Avon Capital Corporation | Delaware | |
| Avon Component Manufacturing, Inc. | Delaware | |
| Avon Holdings LLC | Delaware | |
| Avon International Operations, Inc. | Delaware | |
| Avon Land Development Corp. | Delaware | |
| Avon Pacific, Inc. | Delaware | |
| Avon-Lomalinda, Inc. | Delaware | |
| Liz Earle Inc. | Delaware | |
| Manila Manufacturing Company | Delaware | |
| Retirement Inns of America, Inc. | Delaware | |
| Silpada Designs LLC | Delaware | |
| Surrey Leasing, Ltd. | Delaware | |
| Viva Panama Holdings LLC | Delaware | |
| Productos Avon S.A. | Dominican Republic | |
| Productos Avon Ecuador S.A. | Ecuador | |
| Avon Cosmetics Egypt, S.A.E | Egypt | |
| Productos Avon, S.A. | El Salvador | |
| Avon Cosmetics Limited | England and Wales | |
| Avon European Financial Services Limited | England and Wales | |
| Avon European Holdings Limited | England and Wales | |
| Avon Products Holding Limited | England and Wales | |
| Avon UK Holdings Limited | England and Wales | |
| Liz Earle Beauty Co. (International) Limited | England and Wales | |
| Liz Earle Beauty Co. Limited | England and Wales | |
| Silpada Designs UK Ltd | England and Wales | |
| Avon Eesti OÜ | Estonia | |
| Avon Cosmetics Finland Oy | Finland | |
| Avon S.A.S. | France | |
| Avon Cosmetics Georgia LLC | Georgia | |
| Avon Cosmetics GmbH | Germany | |
| Avon Germany Holding und Verwaltungsgesellschaft mbH | Germany | |
| Avon Germany Holdings GmbH & Co KG | Germany | |
| Avon Cosmetics (Greece) MEPE | Greece | |
| Avonexport Limitada | Guatemala | |
| Productos Avon de Guatemala, S.A. | Guatemala | |
| Productos Avon, S.A. de C.V. | Honduras | |
| Avon Cosmetics (FEBO) Limited | Hong Kong | |
| Avon Cosmetics Hungary Kozmetikai Cikk Kereskedelmi Kft. | Hungary | |
| Avon Holdings Vagyonkezelo Kft | Hungary | |
| Avon Beauty Products India Pvt. Ltd. | India | |
| Avon Limited | Ireland | |
| PT Avon Indonesia | Indonesia | |
| Avon Cosmetics Israel Ltd. | Israel | |
| Avon Cosmetics s.r.l. a Socio Unico | Italy | |
| LLP Avon Cosmetics (Kazakhstan) Limited | Kazakhstan | |
| Avon Cosmetics LLC | Kyrgyzstan | |
| Avon Cosmetics SIA | Latvia | |
| UAB Avon Cosmetics | Lithuania | |
| Avon Luxembourg Holdings S.À.R.L. | Luxembourg | |
| Avon Cosmetics DOOEL - Skopje | Macedonia | |
| Avon Cosmetics (Malaysia) Sdn Bhd | Malaysia | |
| Maximin Corporation Sdn Bhd | Malaysia | |
| Avon Asia Holdings Company | Mauritius | |
| Avon Cosmetics Manufacturing, S. de R.L. de C.V. | Mexico | |
| Avon Cosmetics, S. de R.L. de C.V. | Mexico | |
| Avonova, S. de R.L. de C.V. | Mexico | |
| Viva Business Mexico S. de R.L. de C.V. | Mexico | |
| MI Holdings, Inc. | Missouri | |
| Avon Cosmetics (Moldova) S.R.L. | Moldova | |
| Avon Cosmetics Montenegro d.o.o. Podgorica | Montenegro | |
| Avon Beauty Products, SARL | Morocco | |
| AI Netherlands Holdings Company C.V. | Netherlands | |
| Avon International (NL) C.V. | Netherlands | |
| Avon Netherlands Holdings B.V. | Netherlands | |
| Avon Netherlands Holdings II B.V. | Netherlands | |
| Beauty Products Holding Netherlands B.V. | Netherlands | |
| Viva Netherlands Holdings B.V. | Netherlands | |
| Avon Americas, Ltd. | New York | |
| Avon Overseas Capital Corporation | New York | |
| California Perfume Company, Inc. | New York | |
| Surrey Products, Inc. | New York | |
| Avon Cosmetics Ltd. | New Zealand | |
| Productos Avon de Nicaragua, S.A. | Nicaragua | |
| Productos Avon, S.A. | Panama | |
| Viva Panama S de R.L. | Panama | |
| Productos Avon S.A. | Peru | |
| Avon Cosmetics, Inc. | Philippines | |
| Avon Products Mfg., Inc. | Philippines | |
| Beautifont Products, Inc. | Philippines | |
| Mirabella Realty Corporation | Philippines | |
| Avon Cosmetics Polska Spółka z.o.o. | Poland | |
| Avon EMEA Finance Service Centre Spółka z o.o. | Poland | |
| Avon Operations Polska Sp. z o.o. | Poland | |
| Avon Cosmeticos, Lda. | Portugal | |
| Avon Cosmetics (Romania) S.R.L. | Romania | |
| Avon Beauty Products Company (ABPC) (Russia) | Russian Federation | |
| Avon Beauty (Arabia) LLC | Saudi Arabia | |
| Avon Cosmetics SCG d.o.o. Beograd | Serbia | |
| Avon AIO Pte. Ltd. | Singapore | |
| Avon Cosmetics, spol. s r.o. | Slovakia | |
| Avon Kozmetika podjetje za kozmetiko in trgovino d.o.o., Ljubljana | Slovenia | |
| Avon Justine (Pty) Ltd | South Africa | |
| Avon Products Limited | South Korea | |
| Avon Cosmetics S.A. | Spain | |
| Beauty Products Holding S.L. | Spain | |
| Beauty Products Latin America Holdings S. L. | Spain | |
| Viva Cosmetics Holding Gmbh | Switzerland | |
| Avon Cosmetics (Taiwan) Ltd. | Taiwan | |
| Avon Cosmetics (Thailand) Ltd. | Thailand | |
| Avon Kozmetik Urunleri Sanayi ve Ticaret Anonim Sirketi | Turkey | |
| Avon Cosmetics Ukraine | Ukraine | |
| Cosmeticos Avon De Uruguay S.A. | Uruguay | |
| Avon Cosmetics de Venezuela C.A. | Venezuela | |
| Avon Cosmetics Vietnam, Ltd. | Vietnam | |