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
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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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