Facing hundreds of talc-related lawsuits, Avon Products files for bankruptcy

Quick Summary:

Brazilian beauty conglomerate Natura & Co.earlier this year floated plans to separate its Avon business, but said this week that’s now on hold.

Bankruptcy Court for the District of Delaware, according to a company press release and court documents.

Just ahead of the filing, Avon’s outstanding funded debt, including guaranties of their subsidiaries’ funded debt, amounted to about $1.3 billion, per court documents.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United StatesBrazilUkraine

Topics: Natura Bankruptcy Company Talc Court Avon Entities Business Related Beauty

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 12:51:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22086396

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