Key Takeaways:
- Regent will acquire LG H&H's entire interest in Avon North America.
- The divestment will allow LG H&H to focus more on its core global K-beauty and retail priorities.
- LG H&H acquired Avon North America from Cerberus for $125 million in cash in 2019.
The acquisition brings Avon North America and Avon International back together under common ownership for the first time since 2016.
WHO: The Avon Company (Avon North America) is a leading social selling beauty company in North America, with independent sales Ambassadors throughout the United States and Canada. Avon North America's portfolio includes skincare, color cosmetics, fragrance, and personal care products featuring brands such as Skin So Soft, Anew, and Glimmer, as well as fashion and jewelry. Avon has a 140-year history of empowering women through economic opportunity and supporting the causes that matter most to women.
LG H&H (LG Household & Health Care) is a science-driven beauty & wellness company in Korea, with leading positions in major categories including cosmetics, haircare, and oral care. The company is listed on the Korea Stock Exchange with a market capitalization of approximately $3 billion and full-year revenue of approximately $4 billion for 2025. In recent years, LG H&H has accelerated its expansion beyond Korea as a pioneer of science-based Korean beauty and wellness, building global brands such as The Whoo, Dr. Groot and belif that are at the forefront of the K-beauty trend.
Regent is the global investment firm founded by investor Michael A. Reinstein. Regent owns and invests in businesses across luxury, fashion, beauty, consumer, media, technology,...
