secwatch.observer — SEC 8-K summary
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Issuer:     AVON PRODUCTS INC (—)
CIK:        0000008868
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0000950103-22-019486
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avon Products approves closure of Suffern R&D facility, relocation to Brazil and Poland with $39M restructuring costs
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- Board approved plan to close Suffern, NY R&D facility and relocate to Brazil and Poland by end of June 2024 fiscal quarter.
- Expected non-recurring restructuring costs of approximately $39.0 million and capital expenditures of $10.0 million.
- Potential impairment charge on fixed assets in the range of $35.0 million to $40.0 million.
- Relocation aims to deliver Global Innovation Program and realize cost efficiencies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8868/000095010322019486/0000950103-22-019486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8868/000095010322019486/dp184155_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-019486

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