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June 3, 2019
By: TOM BRANNA
Editor
LG Household & Health Care, Ltd. has announced that it has entered into a definitive agreement with an affiliate of Cerberus Capital Management, L.P. and Avon Products, Inc. to acquire New Avon, LLC (Avon North America) for $125 million in cash. LG H&H will acquire the entirety of Cerberus’ majority interest and Avon Worldwide’s minority interest in Avon North America. The transaction has been approved by the LG H&H Board of Directors. The addition of Avon’s iconic brand, awa...
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