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Avon to end operations in Australia, New Zealand

Beauty products manufacturer Avon Products Inc. said Feb. 15 that it will close its operations in Australia and New Zealand.

Avon said the decision was taken after it was determined that there is no "path to long-term profitability" in these markets.

Avon added, via a post on its official Facebook page, that it will cease operations in the region by the end of 2018.