Financial News
Shaklee Welcomes Two Modern Pentathlon Athletes to Pure Performance Team
Shaklee Corporation recently announced the induction of Samantha Achterberg and Charles Fernandez to the Shaklee Pure Performance Team. The Pure Performance Team consists of Shaklee’s more than 80 sponsored athletes. Achterberg and Fernandez are Modern Pentathletes and have qualified for the 2020 Summer Games in Tokyo. Achterberg won an individual silver medal at the Pan American Games in Lima, Peru, in…
Read More3 Direct Sellers Named to Inc. 5000 Fastest Growing List
3 direct sellers were named to Inc.’s annual guide of the 5,000 fastest growing privately held companies in the U.S. for 2019. Tranont, Xyngular and ARIIX were all named in the Consumer Products and Services category. Tranont, founded in 2013 and based in Lehi, Utah, landed at No. 597 with 744 percent growth over the…
Read MoreApproval of Oriflame Merger Set for Sept. 30
The Board of Directors of Oriflame Holding AG has set a meeting on September 30 for approval of the merger with Walnut Mergeco AG, a Swiss entity 100 percent owned by Walnut Bidco Plc. Following the delisting of Oriflame on July 17, the Board has resolved to call the remaining shareholders to an Extraordinary General Shareholders’…
Read MoreARIIX and LIMU Merge to Increase Sales Opportunities for Representatives
Bountiful, Utah-based ARIIX recently announced its merger with LIMU, an Orlando, Florida-based direct sales company. According to ARIIX, the partnership formed due to shared values in industry innovation, enhanced product offerings and strong projected sales figures. “Both ARIIX and LIMU were founded on the philosophy of truly advocating for the independent business builder,” said Dr. Fred Cooper, ARIIX…
Read MoreCoty and Younique to Part: Will Focus on their Respective Strengths
Coty and Younique announced a mutual decision to terminate their partnership. Coty Inc. acquired 60 percent of the fast-growing beauty brand in 2017 for approximately $600 million in cash. According to a statement released from Coty, given the different nature of the companies’ business models and the need for a strong and specific focus to…
Read MoreVistra Energy Announces Agreement to Acquire Ambit Energy
Irving, Texas-based Vistra Energy (NYSE: VST) announced it has entered into an agreement to acquire Ambit Energy for $475 million plus net working capital in an all-cash transaction. Following the closing of the transaction, Vistra’s share of the ERCOT residential market will grow from approximately 25 percent to approximately 32 percent and an industry-leading 26…
Read MoreNature’s Sunshine Q2 2019 Net Sales Down Slightly
Nature’s Sunshine Products, Inc. (NASDAQ: NATR) reported net sales of $90.7 million for the second quarter ended June 30, 2019. The $90.7 million was a decrease of 0.6 percent from the second quarter of 2018 for the Lehi, Utah-based direct seller, a leading natural health and wellness company engaged in the manufacture and sale of…
Read MoreChina’s 100-Day Action Continues to Impact Herbalife, Nu Skin, USANA
When the WFDSA numbers came out in June, it showed that 46 percent of the global revenue for direct selling came from Asia/Pacific (32% North America, 21% Europe) with China its largest market making up the bulk of that number (nearly 40%). In our July feature titled The China Conundrum, we discussed the possible impact…
Read MoreFacebook Influences Buying Decisions More Than 7 Other Social Media Platforms Combined
People turn to Facebook more than any other social media platform to inform their buying decisions, suggests a new survey from The Manifest, a business news and how-to website. This trend occurs even though anti-Facebook sentiment, such as the #DeleteFacebook movement, continues to gain momentum. Consumers are more likely to make a purchase from a brand they…
Read MoreMannatech Net Sales Down 9.8% in Q2 2019
Mannatech, Incorporated (NASDAQ: MTEX) announced net sales of $40.7 million for the second quarter ended June 30, 2019. The $40.7 million was a decrease of $4.4 million, or 9.8 percent, as compared to $45.1 million in the second quarter of 2018. For the three months ended June 30, 2019, net sales declined 5.5 percent on a constant…
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