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Newham Company Information
Newham Company is a publicly traded company operating in the
―personal product‖ industry. Newham manufactures cosmetic and body-
care products. These
products are sold to large department chain stores, such as Target and
Walmart, to be sold and distributed to the final consumer. Competitors
include Revlon,
Inc. (REV – NYSE) and Avon Products, Inc. (AVP - NYSE).
Newham Company has experienced steady growth over the past several
years. Recently, there has been a change in executive management,
including the CEO
and CFO. The change was sparked by questionable bonus payments that
were paid to the executive management team based on the company’s
performance. In
addition, a recent lawsuit has been filed based on claims that a new
product was not properly advertised, leading many customers to
experience allergic
reactions.
Sales and Accounts Receivable