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Avon Sells Liz Earle Unit To Walgreens Boots Alliance

July 9, 2015: 12:00 AM EST
Avon Products, Inc., said it has sold its Liz Earle natural skincare brand to Walgreens Boots Alliance. Valued at £140 million, the all-cash transaction transfers ownership of the brand to the global pharmacy and retail company. Avon acquired UK-based Liz Earle in March 2010 and has since managed the company as an independent division, separate from its core direct-selling business.
"Avon Announces Divestiture of Liz Earle", Avon, July 09, 2015, © Avon Products, Inc.
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