brand-logo
Subscribe

Amorepacific Signs MOU with TerraCycle to Recycle Empty Bottles

by Leave a Comment

Korean direct seller Amorepacific and global environment company TerraCycle recently signed a memorandum of understanding at Amorepacific headquarters for the systematical recycle of empty bottles.

Highlights of the memorandum include:

  • recycle at least 100 tons of empty plastic bottles each year for three years;
  • increase the ratio of using recycled empty bottles for Amorepacific products and furnishings 10% in the first year, 20% in the second and 30% in the third year; and
  • achieve 100% recycling of empty bottles and 50% of those used for products and furnishings by 2025.

Amorepacific is the leading beauty company in South Korea, with over 70 years of experience in beauty and a wide brand portfolio. “The plastic issue is now a common social problem,” said Saehong Ahn, president of Amorepacific Corporation. “Amorepacific will prepare for the age of no plastic by reusing collected empty bottles and developing environmentally friendly materials. Through positive cooperation with TerraCycle, we will make the Earth beautiful with our contribution to responsible consumption and production.”

Starting with innisfree in 2003, Amorepacific Group has collected a total of 1,736 tons of empty cosmetic bottles (as of 2018) and is currently studying various recycle possibilities to minimize the damage to nature induced by these containers. The company has also been continuing its GREENCYCLE campaign, an environmental CSR activity of recycling empty cosmetic bottles or upcycling them into creative artworks.

TerraCycle’s goal is to eradicate the wasting of resources and achieve zero-waste. The company is currently providing recycle-related consulting services in 21 countries and taking the lead in environmental preservation of the future by recycling cigarette butts and snack packaging.

Disney Executive Laura Nathanson Joins Nu Skin’s Board of Directors

by Leave a Comment

Nu Skin Enterprises, Inc. recently announced the addition of Laura Nathanson to its board of directors.

Nathanson is currently Disney Advertising Sales executive vice president of revenue and operations.

“Laura has a proven ability to recognize and capitalize on shifts in the business landscape at an early stage,” said Steven J. Lund, executive chairman of the board. “She focused on millennials long before they were part of standard marketing vernacular, she joined Fox in its first days to build a fourth major network, and she embraced digital advertising and pioneered its use to create new revenue streams. We welcome her to the board and look forward to leveraging her business insights and extensive experience in connecting and communicating with customers.”

Nathanson is a media maven with a three-decade career in the sales and marketing field, spending 21 years with The Walt Disney Company. Prior to being named executive vice president, Revenue and Operations, she served as executive vice president, Sales and Marketing for ABC Family, now Freeform. Throughout her career, Nathanson held key sales and advertising positions with Fox Broadcasting and media agencies.

Former board members Nevin Andersen and Neil Offen retired from the board and did not stand for re-election at the annual meeting.

“Our board is deeply grateful to Nevin and Neil for their service to Nu Skin Enterprises,” said Lund. “Their expertise and leadership over the years have been invaluable, and we wish them all the best.”

Avon Foundation for Women Doubles Funding for Scholarship Opportunities

by Leave a Comment

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 of 100 million women worldwide by breaking down the barriers holding women back. Each recipient receives a scholarship grant of $2,100 that they can use on tuition, school fees, accommodation and board, books or transportation.

The Scholarship initiative opens up learning opportunities with academic institutions, complementing Avon’s broader Academy training programs for its millions of Representatives across the world. Through the Avon Academy, the company delivers training in modules as diverse as skincare science and make-up trends to online marketing and sales techniques.

Launched in 2012, the program has provided nearly $1.5 million in financial support for over 600 Avon Representatives, their children and grandchildren, to support education and training. This year’s winners include Benedetta Giampietri, an Avon Representative from Italy who will be studying for a master’s degree, and Fernanda Silveira from Brazil.

USANA Named Official Nutritional Partner of Spartan U.S.

by Leave a Comment

USANA has been named the official nutritional partner of Spartan U.S., joining forces with the world’s leading endurance brand to motivate people to make healthier lifestyle choices.

“We are thrilled to collaborate with a like-minded company like Spartan to continue changing lives around the world through healthy, active and holistic lifestyle choices,” said Dan Macuga, USANA chief of communications and marketing. “We look forward to implementing our science-based nutrition within the Spartan culture to help give its participants the extra support they need to feel their best.”

Spartan is dedicated to transforming the individual mentally and physically through its tiered races and training and nutrition programs. With three different course lengths and events with varying levels of difficulty, Spartan has quickly become one of the fastest-growing sports in the world and has put Obstacles Course Racing on the road to becoming an Olympic sport.

Since its first race in 2010, this obstacle course race giant has seen more than 7 million participants across the world, across all fitness levels finish their events.

“I have been taking USANA products for close to 20 years now, and they provide me with the nutrition I need to keep moving,” said Spartan Founder and CEO Joe De Sena. “I truly believe in the brand and we’re excited to partner with a health and wellness company that shares our passion for healthy living to provide our community with only the best nutritional products available.”

Oriflame Bid Committee Recommends Shareholders Accept af Jochnick Family Offer

by Leave a Comment

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 the late Jonas af Jochnick, respectively, and certain closely related parties to them, launched an offer of SEK 227 in cash per Oriflame share. Walnut Bidco controls shares representing 30.82 per cent of the capital and votes in the Company. The total value of the Offer, based on the 39,171,134 shares in Oriflame not directly or indirectly owned by Walnut Bidco or closely related parties, amounts to SEK 8,891,847,418. The Offer values the equity of Oriflame, based on all 56,622,398 outstanding shares, at SEK 12,853,284,346.

Walnut Bidco stated it would not increase the Offer price of SEK 227 per Oriflame share. Accordingly, the price in the Offer is final under the Nasdaq Stockholm Takeover Rules.

According to the statement released by the Bid Committee:

“The Committee does not consider the full intrinsic value of the Company to be reflected in the Offer, based on the Committee’s strong belief in Oriflame, the Company’s historic ability to handle challenging market conditions, the current strategy, and Oriflame’s management. On the other hand, given the development in the Company’s key underlying markets, as continuously communicated by the Company, the Committee is not confident in assuming that the current negative growth trend will turn positive in the near future and is furthermore of the opinion that it may take time for the Company to reach its long-term financial targets with regards to both sales growth and profitability.

Based on the above, the Committee has concluded, on balance, that a potential long-term upside in the share price currently does not outweigh the short-to-medium term risks for the shareholders of the Company associated with rejecting the Offer. Accordingly, and in light of a significant premium, the Committee has unanimously decided to recommend the shareholders of Oriflame to accept the Offer.”

Under the Nasdaq Stockholm Takeover Rules, the Committee is required to present its opinion of the effects the implementation of the Offer may have on Oriflame, especially employment, and its view on Walnut Bidco’s strategic plans for Oriflame and the impact these could be expected to have on employment and on the locations where Oriflame conducts its business. In the offer document, Walnut Bidco states:

“… the af Jochnick family’s plans for the future business and general strategy do not currently include any changes, and no decisions have been made with regards to Oriflame’s business model, its management or employees. Pursuant to the current view of the af Jochnick family, terms of employment will not materially change and none of Oriflame’s sites will be affected by any reorganizational measures which are directly linked to the Offer.

The af Jochnick family looks forward to continuing to work with the existing management team at Oriflame and further develop the Company under private ownership and we remain committed to our shareholding in the Company for the long-term.”

To read the full statement, click here.

Herbalife Named Official Sports Nutrition Partner of 2019 ICC

by Leave a Comment

Herbalife Nutrition recently announced it has been named the official sports nutrition partner of the International Champions Cup (ICC).

The ICC, founded in 2013, is the world’s premier annual summer soccer tournament featuring 12 of the top clubs in the world, playing 18 matches in 16 cities across North America, Europe and Asia. It is owned and operated by Relevent Sports Group (RSG). Herbalife Nutrition’s partnership with this year’s tournament brings matches to China on July 24 and 25 and was made possible by the China Growth Initiative. Herbalife Nutrition’s sports nutrition line, currently used by more than 190 athletes and sports teams around the world, will be available on the field at all matches for players to use.

“As soccer fans ourselves, we’re excited to help bring the International Champions Cup to fans all over the world,” said Michael Johnson, CEO of Herbalife Nutrition. “It’s especially exciting to have matches played in China, where millions of fans will have an opportunity to cheer on some of the world’s premier soccer teams. The teams and players participating in ICC matches are competing at the highest level of the sport, so you know that conditioning, nutrition and hydration are key factors to their success.”

Top soccer teams from around the world, including Juventus, Manchester United, Arsenal, FC Bayern and Tottenham Hotspur will have access to the Herbalife Nutrition NSF certified for sports hydration and nutrition products at all tournament matches. The Women’s International Champions Cup, starting August 15 in Cary, North Carolina, will also benefit from Herbalife Nutrition products and will feature company-sponsored Atletico de Madrid Women’s soccer club, as well as the North Carolina Courage, Lyon and Manchester City.

“It’s important for us at Relevent Sports Group to find global partners who share our vision for the growth of soccer,” said Aaron Ryan, chief operating officer of Relevent Sports Group. “Herbalife Nutrition has a long history of supporting soccer, so it was a natural fit to bring them on as the sports nutrition provider for the International Champions Cup.”

In addition to festivities surrounding the matches, Herbalife Nutrition and the ICC will partner with local charitable organizations to engage with local community youth by hosting player meet-and-greets, skills clinics and donation of seats to the games.

Mary Kay Inc. to Demonstrate Impact of Pollution on Skin at European Scientific Conferences

by Leave a Comment

Mary Kay Inc. continues its ongoing support of the beauty and scientific communities by participating in two major global conferences in Europe this month.

The Dallas-based beauty company is currently at the 24th World Congress of Dermatology (WCD), being held June 10–15 in Milan, Italy, and will participate in the 5th Future of Formulations in Cosmetics Summit to be held June 19-20, in Dusseldorf, Germany.

Held every four years, the World Congress of Dermatology is the largest dermatology meeting in the world. The WCD’s 2019 theme, “A New Era for Global Dermatology,” was the perfect match for Mary Kay to present its applied science findings and continue the scientific conversation around pollution and skin damage. On June 12, Mary Kay will host a symposium at the event titled “Environmental Stressors and Skin: Beyond UV.”

The symposium will explore the impact of external environmental aggressors on skin health, with a focus on Europe and how antioxidants can help reduce the damaging effects of pollution. Moderated by Michelle Hines, Ph.D., Director, Global Upstream Research & Technology at Mary Kay, the symposium will feature renowned European skin experts Jean Krutmann, M.D., Professor & Director at Leibniz Research Institute for Environmental Medicine – Dusseldorf, Germany; and Stefanie Williams, M.D., Dermatologist & Medical Director at EUDELO – London, United Kingdom.

During Mary Kay’s presentation at the 5th Future of Formulations in Cosmetics Summit, Hines will reveal Mary Kay’s latest research on an antioxidant complex that helps delay the onset of premature signs of skin aging related to the damaging effects of diesel exhaust particles (DEP).

“Experts have confirmed the significant negative impact of air pollution on skin and this impact will continue to grow as environmental stressors, such as DEP, and pollution levels increase, especially in densely populated urban areas,” Dr. Hines noted. “Mary Kay has discovered targeted technologies that help delay the onset of premature skin aging from unavoidable environmental and lifestyle stressors. Simultaneously, Mary Kay has been advancing scientific discussions with renowned experts around the globe to drive awareness on the negative impact of pollution on skin.”

Youngevity Set to Join Russell 3000 Index

by Leave a Comment

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 remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“We are proud to be included in the Russell 3000 index and look forward to greater exposure to institutional investors as we move up from the Russell Micro Cap index to the Russell 3000,” said Steve Wallach, chairman and CEO of Youngevity. “This represents another important milestone for the company since we became listed on the Nasdaq exchange in June of 2017.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

“We are pleased to be added to the Russell 3000 Index and the other appropriate indexes that will come as a result of our inclusion,” said Dave Briskie, president and CFO of Youngevity.  “According to Nasdaq, over the last 90 days, YGYI has added 12 new Institutional Investors and Institutional share ownership in YGYI has increased by 543,000 shares. We believe our inclusion will continue this trend and broaden our group of institutional investors.”

SimplyFun’s Nite Lights Draws Recommendation from Mensa Mind Games

by Leave a Comment

SimplyFun’s strategy and spatial reasoning game Nite Lights has been chosen as one of 12 new games to earn a recommendation from American Mensa Mind Games®.

Nite Lights was praised by the Mensa judges with reviews that said, “Great concept and playable at all levels. Aesthetically pleasing with easy instructions,” and “fun multi-level strategy game. Very unique concept.”

“Our judges loved Nite Lights’ unique take on strategic pattern recognition, and nearly 80 percent said they would recommend the game to a friend,” said American Mensa CEO Trevor Mitchell. “Congratulations to the game designers and everyone on the SimplyFun team.”

Founded in 1990, Mensa’s Mind Games has become one of the most respected national games competitions. The 40-plus-hour board-game-judging marathon draws 300 Mensans and their guests from across the country where they vote on the year’s best new-to-market games.

This year, 71 games were selected for the Mensa Mind Games competition. Categories for evaluation included original and creative in concept, challenging to play, well designed, a good value for the price, easy to comprehend and, above all, fun.

“We are thrilled to learn that Nite Lights has been recommended by Mensa Mind Games as our team had a great time developing it,” said Stacy Longstreet, SimplyFun head of Product Development. “Our aim is to create fun, engaging and mind-developing games for kids and families. When we get recognized for this by Mensa Mind Games, we know we have achieved something special.”

Nu Skin President Named Chairman of the Board of the Direct Selling Association

by Leave a Comment

Nu Skin President Ryan Napierski has been selected to lead the direct selling industry as chairman of the board of the U.S. Direct Selling Association (DSA). He began his one-year appointment as chairman at the DSA Annual Conference on June 4.

“I am proud to be affiliated with so many outstanding member companies and suppliers and am excited to work with our DSA leadership team,” said Napierski. “Our team will focus on three key objectives this year – ensuring the reputation of the direct selling industry accurately reflects its integrity; repositioning our association to take full advantage of the macro trends of the gig economy, social sharing and the millennial workforce; and rejuvenating the industry to provide greater opportunities for all who seek the empowerment our industry has to offer.”

DSA President Joe Mariano added, “Ryan has been a leader in direct selling for years, both here in the United States and abroad, and has exercised that leadership as part of DSA’s board of directors and executive committee. In his role as chairman of the board, he will no doubt bring creativity and innovation to the association and entire direct selling industry.”

Napierski, who has been serving as treasurer of the DSA board for the past year, is the second Nu Skin executive to serve as chairman of the DSA. Nu Skin’s former CEO, Truman Hunt, held this position from 2014 to 2015.

Nu Skin Participates In Global Humanitarian Effort To Celebrate 35th Anniversary

by Leave a Comment

The company’s Force for Good Day projects support the Nu Skin Force for Good Foundation’s mission to improve children’s health, education and economic circumstances.

This year at Nu Skin’s global headquarters, employees and their families are providing service in the local community at libraries, schools, parks, recycling centers and nonprofit organizations. Employees will paint, clean-up and beautify the community as they perform meaningful service.

“Nu Skin’s force for good culture is instilled year-round,” said Ritch Wood, chief executive officer. “Our annual Force for Good day especially inspires our global sales leaders, customers and employees to dedicate their resources and time to help children in need, while celebrating the impact we have made on hundreds of thousands of children around the world. Whether at home or abroad, Nu Skin always strives to be a force for good.”

Global Force for Good Day Projects
A sample of this year’s global Force for Good Day projects includes:

  • Greater China – Nu Volunteers in Greater China will be spending the day with elementary students and teaching them safety skills.
  • Singapore – Nu Skin Singapore employees will be distributing 500 goodie bags to children in hospitals.
  • Indonesia – Employees in Indonesia will be assembling and delivering 1,000 school kits for children in orphanages.
  • South Africa – Nu Skin employees in South Africa will be hosting a charity event for an orphanage to teach more than 150 children entrepreneurial skills.

About the Nu Skin Force for Good Foundation
The Nu Skin Force for Good Foundation provides grants that improve the lives of children by offering hope for a life free from disease, illiteracy and poverty. It began as a campaign in 1996 and was formally organized as a nonprofit foundation two years later. The Foundation is funded by Nu Skin distributor and employee donations and from 25 centsof the sale of each Nu Skin Epoch product. Nu Skin covers all administrative and overhead costs, allowing for 100 percent of donations to be used for humanitarian and charitable causes. The Nu Skin Force for Good Foundation is a registered 501(c)(3) nonprofit organization in the United States. More information is available at forceforgood.org.

Kannaway Names Peter Dale As General Manager of Japan Division

by Leave a Comment

Kannaway has appointed Peter Dale as General Manager of its Japan division slated to officially launch later this year.

Cannabidiol (CBD) products have been legal on a federal level in Japan since 2016, and have been available for retail purchase. Dale brings more than 40 years of consistently proven leadership experience at large corporations such as Neora International, Javita Japan, Waiora, LLC, Nature’s Sunshine Products, and Natural Health Trends, Inc. Before joining Kannaway, Dale was the Executive Manager of BUMP GK, a full-service market entry consulting agency, where he helped multi-national businesses navigate Japanese compliance regulations and utilize marketing resources to analyze the cost and rewards of the Japan market.

“Kannaway is proud to welcome Peter to the team as we continue our international expansion into Japan,” said Kannaway CEO Blake Schroeder. “Dale has successfully led other organizations as they entered the Japanese marketplace and we are confident in his ability to make Kannaway Japan a major success.”