Avon files for bankruptcy in face of 200 lawsuits linking its talc products to cancer

Avon, the once-mighty direct sales company once valued at around $21 billion thanks to its army of saleswomen who hawked beauty items door-to-door, is filing for bankruptcy as it looks to get out from under a mountain of lawsuits alleging talcum powder in its products causes cancer. Avon Products, the US-based “non-operational” holding company...