LR Health & Beauty Reaches Debt Restructuring Agreement with Bondholders

Cosmetic products company LR Health & Beauty has successfully negotiated a debt restructuring agreement with its bondholders. Bloomberg posted on X that this agreement will result in nearly one-third of the company's debt being written off. The restructuring aims to improve the financial stability of LR Health & Beauty, allowing it to focus on its core business operations and growth strategies. This move is part of the company's broader efforts to manage its financial obligations more effectively and ensure long-term sustainability.