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14 Oct 2025

"Weil Team Successfully Guides Avon Products Through Chapter 11 Bankruptcy and Asset Sale"

"A Weil team successfully guided Avon Products, Inc. through its chapter 11 bankruptcy process, which began on August 12, 2024, due to significant lawsuits and $1.3 billion in debt. The court confirmed Avon's chapter 11 plan on September 24, 2025, and it became effective on October 7, 2025. The plan included a global settlement with its parent company, Natura &Co, and the creditors' committee, allowing for the establishment of a trust to benefit talc claimants and unsecured creditors. The plan received overwhelming support from creditors and was confirmed after a contested hearing. The Weil team involved in the case included various partners and associates from different legal practices."

**Law Firms Involved:** The law firms that participated in the transaction include Weil, Gotshal & Manges LLP, Ankura Consulting Group, LLC, Rothschild & Co, and Richards, Layton & Finger, P.A. They assisted Avon Products, Inc. (“Avon”) in its chapter 11 bankruptcy proceedings. **Transaction Overview:** Avon filed for chapter 11 on August 12, 2024, due to significant lawsuits related to its talc products and $1.3 billion in funded debt. With the guidance of a multidisciplinary Weil team, Avon reached a global settlement with its parent company, Natura &Co Holdings S.A., and the official committee of unsecured creditors. This settlement allowed for the sale of substantially all of Avon’s assets to Natura while ensuring that meaningful assets remained for distribution to creditors, including talc claimants. The chapter 11 plan was confirmed by the court on September 24, 2025, and became effective on October 7, 2025, establishing the Avon Liquidation Trust to manage funds for the benefit of talc claimants and other unsecured creditors. **Lawyers Involved:** The Weil team was led by: - Ronit Berkovich (Co-Chair, Restructuring Department) - Matthew Goren (Partner) - Alejandro Bascoy (Associate) - Carlos Sardina (Associate) - Alexandra Langmo (Associate) - Melissa Dzenis-Garcia (Associate) - Resilda Karafili (Associate) - Jillian Ingrisano (Associate) - Devin W. Burdo (Associate) - Immanuel Vorbach (Not Yet Admitted in New York) Additional Weil lawyers included: - Jessica Falk (Partner, Complex Commercial Litigation) - Sydney Hargrove (Associate) - Kathleen Stanaro (Associate) - Rocco Recce (Associate) - Jasmine Harris (Associate) - Tiffany Kim (Associate) - Courtney Carpinello (Associate) - Mariel Cruz (Partner, Mergers & Acquisitions) - Barrett Schitka (Counsel) - Enrico Bueno Da Silveira Leite (Associate) - Daniel Ruzi (Associate) - Gabrielle Fressle (Associate) - Andrew Yoon (Partner, Banking & Finance) - Danielle Cepelewicz (Associate) - Karen Ballack (Partner, Technology & IP Transactions) - Devon Bodoh (Partner, Head of M&A Tax and International and Cross-border Tax) - Alfonso Dulcey (Partner) - Jenny Doak (Partner) - Jonathan Vita (Associate) - Grant Solomon (Associate) Avon was also advised by Ankura Consulting Group, LLC, Rothschild & Co, and Richards, Layton & Finger, P.A.
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