Once Valued At $21B, Avon Files For Bankruptcy Following Lawsuits For ‘Cancer-causing’ Products
Avon Products Inc., once a titan in the beauty industry and valued at a staggering $21 billion, has filed for Chapter 11 bankruptcy. This decision comes as the company faces a growing number of lawsuits alleging that its talcum powder products, which were widely used in cosmetics, contain asbestos and have led to cancer in … Read more
