The Avon Products company has filed for bankruptcy in the US. This is what we know about its international sales in countries such as Nicaragua.
HAVANA TIMES – After learning of the Avon Company’s financial problems in the United States and their recent filing for bankruptcy, local representatives such as Ninoska in Managua wonder what will happen with the company’s local sales in Nicaragua. Ninoska began selling these products while studying in the university, and although she now works for an export company, she still supplements her income with the private sale of these cosmetics.
It’s not that I earn a lot, but I also save by not having to purchase these products for personal use,” she says.
Veronica is another entrepreneur who sells several brands of perfumes that she buys from companies inside and outside Nicaragua. She explains that the Avon products are affordable, so she offers them to those with lower incomes, “so as not to let the money slip away.” Some of her customers can pay on credit for perfumes with a unit cost of more than $200, but others can’t.
Robust international trade
What we know so far is that Cerberus Capital remains the brand’s holding company outside the United States. That company has specified that Avon’s operations outside the United States, “are not part of the bankrupcy proceedings,” and that Avon’s international markets continue functioning normally.
Between 2016 and 2020, the Avon cosmetics industry split into two separate entities: The Avon Company, currently owned by LG Hou
