Avon Products Files for Bankruptcy to Wrangle Talc Lawsuits
- Holding company says business operations aren’t affected
- Avon joins list of companies seeking bankruptcy on talc claims
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Avon Products Inc., owner of the beauty brand known for its door-to-door saleswomen, filed for bankruptcy after facing a wave of lawsuits alleging talc in its products caused cancer.
The company filed for Chapter 11 in Delaware on Monday as it seeks to address 386 individual talc-related cases, according to its petition.