Avon axes over 21,000 employees as it pulls out of Australia

By Becky Bargh | Published: 7-Mar-2018
Finance

The brand’s Asia Pacific business published a 3% drop in revenue in its fourth-quarter statement

You need to be a subscriber to read this article.
Click here to find out more.
Avon axes over 21,000 employees as it pulls out of Australia
Image via @avon_uk

Image via @avon_uk

Avon has announced it will be axing over 21,000 jobs as it closes the door on its Australian market.

Not yet a Subscriber?

This is a small extract of the full article which is available ONLY to premium content subscribers. Click below to get premium content on Cosmetics Business.

Subscribe now Already a subscriber? Sign in here.
  • Companies:
  • Avon Products
See more

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Hair Care
Year in review: 2024’s top beauty stories and highlights

Year in review: 2024’s top beauty stories and highlights

Read more
A look at the beauty industry news stories that dominated this year, covering bankruptcy, legal woes and a celeb hair care boom

Trending Articles

  1. Shiseido returns to profit in Q3 26, but Drunk Elephant records ‘severe underperformance’ Despite returning to profit, Drunk Elephant global sales decreased 23% during the quarter after recording ‘some severe underperformance’ in US e-commerce sales
  2. You need to be a subscriber to read this article.
    Click here to find out more.
    Colgate-Palmolive fined $930,000 by US authorities over ‘violations’ of chemical reporting Colgate-Palmolive, the owner of Sanex, failed to report numerous chemical substances imported between 2016 and 2019, and has reached a settlement with the US Environmental Protection Agency over violations of its chemical reporting
  3. L'Oréal leads funding round for Chinese biotech company PAM2L L'Oréal’s strategic corporate venture capital fund BOLD said it will leverage its beauty and formulation expertise to explore the broader scientific value of innovative bio-actives via a minority investment in PAM2L Biotechnologies
  4. You need to be a subscriber to read this article.
    Click here to find out more.
    Exclusive: Estée Lauder Companies’ Senior VP & General Manager, UK & Ireland, steps down Pernilla Nyberg has resigned as Estée Lauder Companies’ Senior VP & General Manager, UK & Ireland, and will be succeeded by Umair Ansari, who is currently serving as the company’s Senior VP & General Manager, Travel Retail EMEA & Americas
  5. You need to be a subscriber to read this article.
    Click here to find out more.
    Coty to restructure France operations amid turnaround efforts The Kylie Cosmetics and Rimmel London owner has ‘proposed to adapt its operating model’ in France as part of its plans to halt declining sales under its ‘Coty:Curated’ strategy

Upcoming event

Hair Care Trends for 2027

3 December and 10 December 2026 | Virtual See all

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Hair Care
Year in review: 2024’s top beauty stories and highlights

Year in review: 2024’s top beauty stories and highlights

A look at the beauty industry news stories that dominated this year, covering bankruptcy, legal woes and a celeb hair care boom
You need to be a subscriber to read this article.
Click here to find out more.
Finance
Avon is in a reputational crisis. Can the beauty giant be saved?

Avon is in a reputational crisis. Can the beauty giant be saved?

Avon Products filed for Chapter 11 in August, as it attempts to offload over US$1.3bn in debt related to talcum powder cancer lawsuits
Finance
Avon files for bankruptcy amid talc powder cancer allegations

Avon files for bankruptcy amid talc powder cancer allegations

Natura, which acquired Avon in 2020, has agreed to repurchase Avon’s operations in Europe, Asia and Latin America for $125m
Finance
Avon fights back against gender-based violence

Avon fights back against gender-based violence

Campaign coincides with the UN’s 16 days of activism against violence towards women later this month
You need to be a subscriber to read this article.
Click here to find out more.
Ingredients
Tinker, tailor: Why is there a surge of beauty brands reformulating already best-selling products?

Tinker, tailor: Why is there a surge of beauty brands reformulating already best-selling products?

Revamping classic formulations in response to industry innovation and changing consumer requirements can breathe new life into old favourites. But brands should ensure their customers are included on the journey
Finance
Career advice: How I became the CEO of Avon

Career advice: How I became the CEO of Avon

Angela Cretu joined the direct selling beauty company more than 20 years ago as a 'shy' junior sales manager, but reveals to Cosmetics Business how she embraced her differences to climb the career ladder
Finance
New Avon rebrands to promote 'independent front' in the US

New Avon rebrands to promote 'independent front' in the US

The US beauty direct-selling company divided from the global Avon Products in 2016
Subscribe now