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AVON SLUMPS TO LOSS IN TOUGH MARKET
BEAUTY products giant Avon yesterday reported a fourth quarter loss triggered by weakening demand in North America and Europe. The loss of $400,000 (£255,000) compared with profits of $229.5m in the final three months of 2010. Quarterly revenue slipped four per cent to $3.04bn despite promotional activity from Hollywood’s Reese Witherspoon (above). Picture: GETTY