Financial News
2019 Prime Day Surpasses Black Friday, Cyber Monday Combined
This week’s Prime Day was once again the largest shopping event in Amazon history with more than one million deals exclusively for Prime members. Over the past two days—July 15 and 16—Prime Day sales surpassed the previous Black Friday and Cyber Monday combined. Prime members purchased more than 175 million items throughout the event. Global…
Read MoreLifeVantage Added to Russell 3000 Index
LifeVantage Corporation announced it has been added to the Russell 3000® Index following the annual reconstruction, effective after the market opened on July 1. Annual reconstitution of the Russell US Indexes captures the 4,000 largest US stocks as of May 10, ranking them by total market capitalization. Membership in the Russell 3000 Index, which remains in place for one…
Read MoreYoung Living Announces New Partner Farm
Young Living Essential Oils announced its newest partner farm in the Philippines: the Kalipay Coconut Farm. The Kalipay Coconut Farm is making a difference in its community by empowering the local population and helping to protect the environment. Because social responsibility is an important part of its philosophy, the Kalipay Coconut Farm donates each year to…
Read MoreAvon’s Zijderveld Named Founding Member of NYSE Board Advisory Council to Advance Board Diversity
The New York Stock Exchange today announced the launch of the NYSE Board Advisory Council, which will proactively address the critical need for inclusive leadership by connecting diverse candidates with companies seeking new directors. The Council is comprised of 13 Founding Member CEOs from some of the world’s largest and most well-established brands, including Avon’s CEO Jan Zijderveld.…
Read MoreWFDSA Reports Record 2018
The World Federation of Direct Selling Associations (WFDSA) earlier this month released business results for 2018. According to WFDSA: Global estimated retail sales for 2018 were a record $192.9 billion, an increase of 1.2% over 2017. Compound annual growth rate for the period from 2015 through 2018 was 1.7%, showing sustained growth over time. The…
Read MoreAvon Foundation for Women Doubles Funding for Scholarship Opportunities
Avon and the Avon Foundation for Women have announced nearly 200 scholarships to open up personal development opportunities for Avon Representatives and their families. This year’s program sees the Avon Foundation double its funding from $200,000 to over $400,000 to fuel learning opportunities. The Global Scholarship Program is part of Avon’s global stand4her plan, which aims to improve the lives…
Read MoreOriflame Bid Committee Recommends Shareholders Accept af Jochnick Family Offer
The Independent Bid Committee of the Board of Directors of Oriflame Holding AG has recommended shareholders accept the offer from the af Jochnick family to buy all shares of the company. On May 22, Walnut Bidco Plc, a newly established company indirectly wholly owned by members of the founding families of Robert af Jochnick and…
Read MoreYoungevity Set to Join Russell 3000 Index
Youngevity International, Inc. (NASDAQ: YGYI) announced it is set to join the broad-market Russell 3000® Index at the conclusion of the 2019 Russell indexes annual reconstitution. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 10, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which…
Read MoreNatura Acquiring Avon Products, Inc.
Natura &Co (B3: NATU3) announced late yesterday that it is acquiring Avon Products, Inc. (NYSE: AVP) in an all-share transaction. The deal, valued by Natura at around $3.7 billion, caps Avon’s strategic pivot to focus on foreign markets, where sales have been stronger in recent years. The company moved its corporate headquarters to London in 2016…
Read MoreThe af Jochnick Family Offers $1.3 Billion for Oriflame
Swedish cosmetics giant Oriflame recently announced it has received an offer valuing it at $1.3 billion from the af Jochnick family that founded it back in the 1960s. By proposing a 35 percent premium over Tuesday’s closing price, the family is hoping to build on the roughly 30 percent stake it already has in Oriflame…
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