Mary Kay pulls the plug on Australia and New Zealand markets

Mary Kay pulls the plug on Australia and New Zealand markets

THE WHAT? Mary Kay has shut down operations in Australia and New Zealand, according to a report published by News.com.au.

THE DETAILS The US direct sales firm cited ‘weak consumer conditions’, per News.com.au; will instead focus on core markets and said business would cease at once. Sales representatives have until April 6 to return any unsold products.

“Mary Kay staff and the independent sales force in Australia and New Zealand were informed of the closures in advance of the wider market,” the company posted on its website. “Mary Kay is grateful for the dedication and support of its employees and independent sales force members throughout the years.”

THE WHY? Mary Kay said in a statement, posted on its Australian website that ‘a combination of market conditions’ were such that it did not see ‘a sustainable future in either market’.

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