EXHIBIT 21 EXHIBIT 21 AVON PRODUCTS, INC. AND SUBSIDIARIES Subsidiaries of the Registrant Avon Products, Inc. ("Avon"), a New York corporation, consolidates all majority owned subsidiaries. The principal consolidated subsidiaries, all of which are wholly owned by Avon or its wholly owned subsidiaries, except as indicated, are listed below. Included on the list below are subsidiaries which individually are not significant subsidiaries but primarily represent subsidiaries in countries in which the Company has direct selling operations. The names of Avon's other consolidated subsidiaries, which are primarily wholly owned by Avon or its wholly owned subsidiaries, are not listed because all such subsidiaries, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary. Incorporation - Company Country or State ------- ---------------- Cosmeticos Avon S.A.C.I...................... Argentina Avon Cosmetics Australia Proprietary Limited. Australia Avon Products Pty. Limited................... Australia Avon Cosmetics Vertriebsgesellschaft m.b.h... Austria Arlington Limited............................ Bermuda Stratford Insurance Company, Ltd. ........... Bermuda Productos Avon Bolivia Ltda.................. Bolivia Avon Cosmeticos, Ltda........................ Brazil Avon Canada, Inc............................. Canada Avon Direct Inc.............................. Canada Cosmeticos Avon S.A.......................... Chile Compagnia de Venta Directa Seller Chile S.A.. Chile Avon Products (Guangzhou) Ltd (60%).......... China CS Avon Cosmetics, Spol. sr.o................ Czech Republic Avon Capital Corporation..................... Delaware Avon Diversified Services, Inc............... Delaware Avon International Operations, Inc........... Delaware Avon-Lomalinda, Inc.......................... Delaware Avon-Mirabella, Inc.......................... Delaware Giorgio Beverly Hills, Inc................... Delaware Marbella Dominicana.......................... Delaware Manila Manufacturing Company................. Delaware Productos Avon S.A........................... Dominican Republic Productos Avon Ecuador S.A................... Ecuador Productos Avon, S.A.......................... El Salvador Avon S.A..................................... France Avon Cosmetics GmbH.......................... Germany Productos Avon de Guatemala, S.A............. Guatemala Productos Avon, S.A.......................... Honduras Avon Cosmetics (FEBO) Limited................ Hong Kong Avon Cosmetics Hungary KFT................... Hungary Avon Service Center, Inc..................... Illinois P.T. Avon Indonesia (49%).................... Indonesia Albee Dublin Finance Company................. Ireland Avon Limited................................. Ireland Avon Cosmetics S.p.A......................... Italy Avon Products Company Limited (66%).......... Japan Live and Life Company Limited................ Japan Avon Cosmetics (Malaysia) Sendirian Berhad... Malaysia Avon Cosmetics, S.A. de C.V.................. Mexico Avonova, S.A. de C.V. (49%).................. Mexico M.I. Holdings, Inc........................... Missouri Avon International Finance N.V............... Netherlands Antilles Avon Americas, Ltd........................... New York Avon Overseas Capital Corporation............ New York Avon Cosmetics Limited....................... New Zealand Productos Avon S.A........................... Panama Productos Avon S.A........................... Peru Productos De Belleza, S.A.................... Peru Avon Cosmetics, Inc.......................... Philippines Avon Products Mfg., Inc...................... Philippines Beautifont Products, Inc..................... Philippines Avon Cosmetics Polska Sp. z o.o.............. Poland Avon Cosmeticos, Lda......................... Portugal Avon Cosmetics Spol s r.o.................... Slovak Republic Avon Beauty Products Company................. Russia Avon Cosmetics, S.A.......................... Spain Avon Cosmetics (Taiwan) Ltd.................. Taiwan Avon Products Limited........................ Taiwan Avon Cosmetics (Thailand) Ltd................ Thailand California Manufacturing Company Ltd......... Thailand Eczacibasi Avon Kosmetik Urunleri Sanayi ve Ticaret A.S. (50%)...................... Turkey Avon Cosmetics Limited....................... United Kingdom Avon European Holdings Ltd................... United Kingdom Avon Cosmetics de Venezuela, C.A............. Venezuela