Korea’s leading consumer goods company, LG Household & Health Care, Ltd. announced a partnership with an affiliate of Cerberus Capital Management, L.P. and Avon Products, Inc. to acquire New Avon, LLC for $125 million. The partnership will enhance Avon North America’s cosmetics, personal care, fragrance, packaging and design sectors. Avon Worldwide stated that the transaction with LG H&H will have no impact on the company’s global strategy.
LG Household Acquires New Avon
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