Financial News

JRJR Networks Files for Chapter 11 Bankruptcy

According to a report by the Newark Advocate, Longaberger parent company JRjr33, also known as CVSL and JRJR Networks, filed for Chapter 11 bankruptcy last Friday in U.S. Bankruptcy Court for the Northern District of Texas. JRjr33 representatives failed to show for a court-ordered conference Friday in Franklin County Common Pleas Court, in Columbus. The conference, a judgment debtor…

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Jamberry Announces Foreclosure

Jamberry Logo

Lindon, Utah-based Jamberry yesterday announced that the company is in foreclosure. In a communication to consultants, the company stated, “We’re so grateful to each of you for your patience during this transitional time for Jamberry. We regret to inform you that any product, gift cards, swag, marketing or event purchases made prior to 11:59 p.m. MT…

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LifeVantage Reports 12% Increase for Third Quarter 2018

Sandy, Utah-based LifeVantage Corporation recently announced financial results for its third quarter ended March 31, 2018. The company reported revenue of $50.6 million, a 12.3 percent increase year over year as compared to $45.0 million in the third quarter of fiscal 2017. Revenue in the Americas increased 10.6 percent and revenue in Asia/Pacific & Europe increased 18.0 percent, including a 10.1 percent increase in Japan, both on a…

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Youngevity First Quarter 2018 Direct Selling Revenue Up 6.2%

Chula Vista, California-based Youngevity International, an omni-direct lifestyle company, recently announced financial results for the first quarter ended March 31, 2018. Revenues increased 11.0 percent over the prior year. Direct selling sales were up 6.2 percent and commercial coffee revenues up 39.9 percent over prior year. “We are pleased to see revenue growth for both segments…

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Mannatech Reports 2% Increase for First Quarter 2018 Net Sales

Mannatech, Inc., a Flower Mound, Texas-based global health and wellness company, has announced financial results for its first quarter of 2018. Net sales were $41.4 million, an increase of $800,000, or 2 percent, as compared to $40.6 million in the first quarter of 2017. For the three-month period ended March 31, 2018, net sales declined 2.5 percent on a constant…

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Nature’s Sunshine Reports 5.1% Increase in Net Sales for First-Quarter 2018

Lehi, Utah-based Nature’s Sunshine Products, Inc., a natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, recently reported its financial results for the first quarter ended March 31, 2018. Net sales increased 5.1 percent to $87.3 million year-over-year. “We continued to generate good consolidated year over…

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TPG Capital Makes Minority Investment in Rodan + Fields

San Francisco-based Rodan + Fields, LLC, the No. 1 skincare brand in the U.S., according to Euromonitor, has announced that TPG Capital, the global private equity platform of alternative asset firm TPG, has made a strategic minority investment in the company. TPG will take a minority stake and help Rodan + Fields continue to accelerate…

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Primerica Reports 14% Increase in Q1 2018 Revenue

Duluth, Georgia-based Primerica, Inc. has announced financial results for the quarter ended March 31, 2018. In the first quarter, total revenue and adjusted operating revenues each increased 14 percent to $459.9 million and $462.9 million, respectively. Income before income taxes increased 11 percent and adjusted operating income before income taxes increased 15 percent over the prior year period. Net income grew…

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Oriflame Q1 2018 Local Sales Up 8%; Euro Sales Down 2%

Switzerland-based Oriflame Cosmetics, the direct seller of cosmetics and beauty products, has announced financial results for the first quarter of 2018. Local currency sales increased by 8 percent while Euro sales decreased by 2 percent to €334.1 million (€340.1 million). “2018 has started with a continued strong performance in Asia and Turkey, driven by high…

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