NEW YORK — Avon Products Inc. made strides across certain markets in the second quarter, but continued to struggle in the U.S.
The company also disclosed on Thursday that in June it made an offer to the U.S. Department of Justice and the Securities and Exchange Commission to settle the ongoing Foreign Corrupt Practices Act investigation, related to China and additional countries, for $12 million, among other terms. The offer was rejected, but the company said it expects a counterproposal.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"