Avon Products Inc.'s shares fell nearly 22 percent Thursday after the beauty firm reported a third-quarter net loss and decline in sales as it continued to struggle in key markets.
The impact was worsened by the company’s disclosure that a potential settlement of the ongoing Foreign Corrupt Practices Act investigation, related to bribery allegations in China, could cost significantly more than Avon’s earlier offer to the U.S. Department of Justice and the Securities and Exchange Commission of $12 million, which was rejected in June.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"