The brand is seeking to address its debt and legal liabilities caused by lawsuits.
You can seemingly kiss Avon Products, Inc. goodbye, as the legendary beauty brand filed for Chapter 11 bankruptcy on Monday.
Avon products haven’t been sold in the U.S. since its holding company got rid of the North America business in 2016.“It is business as usual in Avon’s international markets,” the case states. “The Avon Company, which is the Avon brand in the U.S., is also not part of the proceedings.” “Today’s action and the proposed sale of Avon’s non-U.S. operations will maximize the value of our assets and enable us to address our obligations in an orderly manner,” John Dubel, chair of Avon Products, said in a release.
Avon’s operations outside of the U.S. will continue to operate as normal while the process continues.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A 17-year-old Duke freshman is living his dream at the Paris Olympics. And he’s being coached by a N.J. legenA 17-year-old Duke freshman is living his dream at the Paris Olympics. And he nearly went to prep school in New Jersey.
Read more »
National Analyst Names Virginia Tech One Of College Football's Dark Horses To Win A Conference ChampionshipThe 2024 College Football season is inching closer and there is a lot of hype surrounding Virginia Tech coming into the year. They have the most returning produ
Read more »
Legendary beauty products seller Avon files for bankruptcyBeauty brand Avon Products filed for Chapter 11 bankruptcy to address its debt burden and legal liabilities from lawsuits related to allegedly contaminated talc-based products.
Read more »
Blink Fitness, an affordable gym operator, files for Chapter 11 bankruptcyGym operator Blink Fitness has filed for Chapter 11 bankruptcy protection
Read more »
Blink Fitness, an affordable gym operator owned by Equinox, files for Chapter 11 bankruptcyGym operator Blink Fitness has filed for Chapter 11 bankruptcy protection.
Read more »
Blink Fitness, an affordable gym operator owned by Equinox, files for Chapter 11 bankruptcyGym operator Blink Fitness has filed for Chapter 11 bankruptcy protection.
Read more »