Avon Cosmetics was acquired in 2020 by the Natura group from Brazil and, apparently, raw materials had not been shipped from Venezuela for months
The American company Avon, specialized in the sale of cosmetics, jewelry, perfumes and toys by catalog, announced that they will stop producing and distributing their products in Venezuela after almost 70 years of operation.
According to Avon’s statement, which was broadcast on social networks, the company reported that on Tuesday, June 28, the shares of Avon Cosmetics de Venezuela CA were transferred to “a business group of Venezuelan capital”, about which no information is yet known. any, and that assumes the operations and the current payroll that works in the company.
He pointed out that they are going to start working under a new company name, for which he indicated that Avon products will no longer be produced or distributed in our country.
The short statement also expresses Avon’s appreciation to all those who have collaborated since 1954 to maintain the brand’s good name for almost seven decades in Venezuela, while thanking those who took advantage of the company’s structure for entrepreneurship and improvement, together with suppliers, consumers and the public.
*Also read: Zara ran out of time and is definitely leaving Venezuela
“Avon” is a trend because it reported that it will stop producing and distributing products in Venezuela pic.twitter.com/gKi3XcQsFA
– Why is it a trend? (@estendenciavzl) June 28, 2022
Likewise, they wished the greatest success to the new shareholder who begins his management and to all the people with whom the Avon brand shared during all this time in Venezuela.
Similarly, the company did not publish anything on its social networks since May 2021 -according to Bloomberg.
Avon Cosmetics, which had been acquired by the Natura group from Brazil in 2020, had not received raw materials from Venezuela in recent months.
The purchase materialized in early 2020, creating the fourth largest beauty company in the world.
Natura, founded in 1969, is the largest manufacturer and marketer of cosmetics in Brazil and is present in various countries, such as Argentina, Chile, Colombia, France, the United States and the United Kingdom, among others. Forbes at the time.
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