August 13, 2024
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Avon's UK Owner Files for Bankruptcy to Shed $1bn Debt
Avon's UK owner, Avon Products Inc., has filed for bankruptcy to restructure over $1 billion in debt, a move partially prompted by the financial burden of talc-related lawsuits. Following the bankruptcy process, the parent company, Natura, plans to buy back the non-US operations for $125 million.