AVON Products Inc has filed for bankruptcy after multiple lawsuits and financial struggles. The cosmetics company submitted its Chapter 11 filing in a Delaware court on Monday. AlamyAvon Products Inc has filed for bankruptcy[/caption] AvonThe cosmetics brand faces hundreds of lawsuits claiming talc in some products caused cancer[/caption] While known by many consumers for its door-to-door saleswomen and a vast array of products, Avon faced hundreds of lawsuits claiming that talc in some of its merchandise had cancer-causing properties, per Bloomberg Law. At least 386 talc-related suits have been filed against the brand over the past few years, and Avon intends to address those
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