Avon set to sell last US factory

Avon set to sell last US factory

Avon is set to sell its last US factory to Fareva Group, according to a report by the Wall Street Journal.

The direct sales giant is reportedly selling the factory to the French cosmetics manufacturer, which will take over production of lipstick, body lotion and face cream at the Morton Grove, Illinois site where it will make private-label products for Walgreens Boots Alliance, according to the report.

While the financial details of the deal were not disclosed, it is believed that the employees at the 500,000 square foot plant will keep their jobs during the ownership change.

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