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Avon Holds 95% Stake in China JV

November 15, 2005

CHINA: New York-based Avon Products Inc. has purchased a 20% stake from Chinese partner Masson Group Co. Ltd., raising its total stake in Avon Products (China) Co. Ltd. to 95%. The $50 million deal ends a 14-year relationship between the Avon and Masson.

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