Betterware de Mexico S.A.P.I. de C.V. announced its financial results for the second quarter of 2022, reporting a significant decline of 45% in net income ($22 million) when compared to the second quarter of 2021.
Betterware de Mexico released its first quarter financial results for 2022. Included in the report was the company’s expectations for a long-term growth and commercial strategy that will combat the softer economic environment in Mexico and the effects of inflationary pressures. In the first quarter, the company managed cost increases and recovered profit margins, which […]
Betterware de Mexico announced its fourth quarter and fiscal year 2021 results, posting a 2021 net revenue growth of 41% year-over-year, and EBITDA growth of 33% year-over-year. Gross margin in 2021 was 56.2%, while EBITDA margin was 27.9%. “Betterware achieved extraordinary growth from 1Q 2020 to 1Q 2021, mainly driven by our increase in our […]
In an agreement announced this week, Betterware de Mexico has signed a $255 million agreement to acquire 100% of JAFRA’s operations within the U.S. and Mexico.
Betterware de Mexico is leveraging big data and its streamlined distribution center to become one of the most recognizable brands in Mexico and beyond.
DD3 Acquisition Corp. (Nasdaq: DDMX), a publicly traded special purpose acquisition company and Betterware de Mexico, a leading direct-to-consumer selling company in Mexico, announced today they have entered into a definitive agreement to merge. The combined company will operate as “Betterware” and is expected to remain publicly listed on Nasdaq. The transaction implies an initial enterprise value of […]
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 […]