Avon to exit Puerto Rico and Caribbean; 100 jobs cut

Avon to exit Puerto Rico and Caribbean; 100 jobs cut

THE WHAT? The Avon Company has announced that it is pulling out of the Puerto Rican and Caribbean markets, according to a report published by The News Journal. The US- and Canada-based direct sales brand’s decision to exit these markets will be effective August 30, 2023.  

THE DETAILS The closure of operations will see some 100 full-time staff made redundant, no figures were available for part-time workers and contractors.

THE WHY? Avon said in a press release, per The News Journal, “This decision was not taken lightly and comes as a result of a comprehensive evaluation of several factors that affect the sustainability of the business and long-term profitability. Declining population and increased operating expenses on the islands as well as the challenges brought on by natural disasters and the post-pandemic landscape have proven to take a toll on the business.”