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MAY 05, 2016 - Yahoo! News

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Cosmetics maker Avon posts surprise loss

Avon is trying to reverse a more than four-year decline in sales by selling non-performing businesses, cutting jobs and making new investments in its supply chain. In March, Avon sold 80 percent of its North America business to investor Cerberus Capital for $170 million. Sales in Brazil were hurt by taxes levied on cosmetics beginning 2015, which made Avon's products ...

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