LG Household & Health Care to acquire New Avon

The deal will expand LG H&H’s reach in the North American market, where Avon North America has a network of 250,000 sales representatives

South Korea’s LG Household and Health Care (LG H&H) is to acquire social-selling beauty company New Avon LLC (Avon North America) for $125m in cash.

LG H&H will acquire Cerberus Capital Management’s majority stake and Avon Worldwide’s minority interest in...

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