Health & Beauty
Avon UK owner files bankruptcy to avoid $1bn debt
Avon’s operations, including its Northampton-headquartered UK arm, will continue to trade and no job cuts are expected as part of the process
The owner of Avon in the UK, Europe and Latin America, Avon Products Inc (API), has filed for Chapter 11 bankruptcy as it tries to offload $1bn worth of debt, according to The Telegraph.
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