Multi-level cosmetics company Mary Kay revealed it has closed its Australian and New Zealand operations, blaming weak consumer conditions for the failing business.
The company said in a statement it ceased business immediately with the sales force network given until April 6 to return any unsold products.
"It is a decision Mary Kay has not taken lightly," it said.
"A combination of market conditions across Australia and New Zealand are such that the business does not see a sustainable future in either markets.