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Avon Exiting the Bolivian Beauty Market
Posted: April 23, 2014
Avon Products, Inc. announced its decision to cease operations in Bolivia by the end of July 2014, after several years of underperformance, in order to focus resources on key markets with greater growth potential. This decision is in line with changes the company has made in Latin America and across the company to move the business through stabilization to growth.
Previously, Avon also made the decision to exits the markets of Ireland, South Korea and Vietnam, as well as to close two U.S. distribution centers, in order to save the company money and move it forward.