Today's Business Headlines: 8/13/24
Avon , the once-mighty direct sales company once valued at around $21 billion thanks to its army of saleswomen who hawked beauty items door-to-door, is filing for bankruptcy as it looks to get out from under a mountain of lawsuits alleging talcum powder in its products causes cancer.
Generic version of Mucinex sold at CVS, Walmart, Target and Walgreens contains cancer-causing chemical: report Last month, a Chicago-area man who worked as a janitor at an Avon manufacturing plant in Illinois was awarded $24.4 million by a jury after he was diagnosed with mesothelioma. John Dubel, chair of Avon Products, said the bankruptcy filing “will maximize the value of our assets and enable us to address our obligations in an orderly manner.”
Avon Bankruptcy Health And Wellness Products Home Products Lawsuits Personal Care Products
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