Avon bribery probe deal could hit $132 million; sales continue slide
 

13-02-14 07:43 PM

(Reuters) - Avon Products Inc (AVP) said on Thursday it could end up paying as much as $132 million to settle a U.S. bribery probe into its efforts to develop new markets, the first time the beauty-products company has given an estimate for a penalty. While Chief Executive Officer Sheri McCoy said Avon has made "significant" progress in talks with the U.S. Securities and Exchange Commission and ...

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