Jung will be replaced as chairman by lead director Fred Hassan. Hassan joined the board in 1999 and has served as lead independent director since 2009. He is a managing partner at private equity firm ...

Avon Products on Monday filed for Chapter 11 bankruptcy as the beauty brand looks to address its debt and legal liabilities stemming from lawsuits that alleged its talc-based products were ...

The voluntary Chapter 11 bankruptcy proceedings will address the company's debt and liabilities from talc lawsuits. Avon Products Inc., a U.S.-based non-operational holding company of the Avon beauty ...

Editor’s note: This article was updated at 4:35 p.m. on Aug. 16, 2024 to add an Avon spokesperson’s comments. An iconic makeup brand best known for its door-to-door sales representatives has filed for ...