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Brazil-based Natura &Co has entered into an agreement to purchase the equity interests in Avon's non-US operations for $125 million in the form of a credit bid, subject to a court-supervised auction process.
August 13, 2024
By: Lianna Albrizio
Associate Editor
Avon Products, Inc. has initiated voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware to address its debt and legacy talc liabilities. API has not sold products in the US since it divested its North America business in 2016 but remains the holding company of the brand’s non-US operating entities. Avon’s operating international businesses – which continue to advance on strategic initiatives – are not part of the Chapter 11 proceedings. ...
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