In 2020, Natura & Co. acquired Avon’s international operations. Natura & Co., a Brazilian beauty brand, is a holding company for Avon and its subsidiaries.
With the bankruptcy, Natura & Co. has offered $43 million to help Avon through the bankruptcy process. It has also offered $125 million in credit for Avon’s equity.
This plan would address Avon’s liabilities while allowing the international business to continue.
Avon’s Recent Trouble With Talc Lawsuits
Avon has faced many lawsuits from people injured by their asbestos-contaminated talc. These troubles have not yet reached the level of Johnson & Johnson’s legal woes. But there have been some sizable verdicts.
At the time of the bankruptcy filing, Avon faced as many as…
