The company's talks with private equity firms for a buyout has not worked out, yet. Brazil - Avon's most important region in terms of revenues - is still reeling under economic setbacks, leading to poor demand for superfluous items such as beauty products. The situation in Brazil is further worsened by Brazil's steep IPI taxes, which are further eroding Avon's skincare and color cosmetics revenues. Finally, currency headwinds had been doing significant damage to Avon's earnings.
The company's talks with private equity firms for a buyout has not worked out, yet. Brazil - Avon's most important region in terms of revenues - is still reeling under economic setbacks, leading to poor demand for superfluous items such as beauty products. The situation in Brazil is further worsened by Brazil's steep IPI taxes, which are further eroding Avon's skincare and color cosmetics revenues. Finally, currency headwinds had been doing significant damage to Avon's earnings.
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