Avon Products Inc. will pay $135 million to settle a long-standing federal probe into whether the cosmetics company paid bribes in China and other countries to gain favors.
Avon, the world’s largest direct seller of cosmetics, said it would pay about $68 million to the Justice Department and $67 million to resolve the dispute with the Securities and Exchange Commission. The preliminary resolution needs SEC authorization and court approval, according to documents filed with the regulatory agency Thursday.
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