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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Owner of Avon in UK files for bankruptcy in attempt to off-load $1bn debt

Avon Natura United Kingdom API
Avon store front surrounded by balloons
An Avon store which opened in Turkey last year. Avon Products Inc also planned to open stores in Britain, it said last year. Photograph: Avon/PA

The owner of the beauty brand Avon in the UK, Europe and Latin America has filed for bankruptcy as it tries to off-load more than $1bn of debt, including millions of dollars in liabilities linked to lawsuits alleging that talc in its products caused cancer.

Avon Products Inc (API), a subsidiary of Brazil’s Natura which bought Avon’s non-North American trading businesses in 2020, has filed for Chapter 11, the American version of administration.

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