Posts Tagged ‘LG Household & Health Care’

CHI and LG Household & Health Care Launch Haircare Line with New Avon

CHI

Farouk Systems, Inc. and LG Household & Health Care announced the launch of a new exclusive haircare line called AVON CHI® ESSENTIALS. The new product line, which will be sold throughout the U.S. and Canada beginning October 30, will be sold through avon.com and New Avon’s direct sales program. LG H&H acquired New Avon Company in April 2019. Under LG…

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New Avon Transforms Its Beauty Offerings

New Avon

New Avon is putting a fresh face forward under the new ownership of parent company LG Household & Health Care, Ltd. While the iconic brand has a longstanding history of award-winning products, industry-leading innovation and a network of 250,000 sales Representatives throughout North America, Avon will now have access to LG H&H’s world-class R&D capabilities in cosmetics, personal care, fragrance,…

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John Fleming Pens Open Letter to New Avon CEO Paul Yi

LG Household & Health Care’s acquisition of the North American operations of New Avon LLC announced back in April went through earlier this month. In connection with this transaction, Former President of Coca-Cola Korea Company Paul Yi has assumed the CEO duties from Laurie Ann Goldman, who led New Avon for the past eight months.…

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LG Household & Health Care to Acquire New Avon, LLC

New Avon

LG Household & Health Care, Ltd. announced it has entered into a definitive agreement with an affiliate of Cerberus Capital Management, L.P. and Avon Products, Inc. to acquire New Avon, LLC for $125 million in cash. LG H&H will acquire the entirety of Cerberus’ majority interest and Avon Worldwide’s minority interest in Avon North America. The transaction…

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