LR Group reported its full year financial report for 2021, announcing EBITDA at the upper end of its earnings forecast and a 4% increase in group sales. The company prepared for future growth by strengthening its capital market capability and establishing LR Health & Beauty SE as the new parent company of the LR Group. […]
LR Global Holding GmbH, the social selling parent company for direct selling organization LR Health & Beauty, reported a 4% year-over-year increase in group sales in fiscal 2021, bringing total group sales to EUR 296.2 million. Fourth quarter sales reached EUR 75.5 million, a near-record result for the company. EBITDA for 2021 was up over […]
LR Health & Beauty announced the launch of its new fitness brand LR:GO. This new vertical will focus on the body’s needs before, during and after exercise, and includes a holistic coaching package with workout videos, diet plans and expert tips, as well as products. “In addition, when developing the products, we made sure […]
LR Global Holding GmbH, the parent company of LR Health & Beauty, announced it has issued senior secured floating rate bonds in an amount of EUR 125,000,000. LR Global Holding is now applying for admission to trading of the bonds on the corporate bond list of Nasdaq Stockholm. The Swedish Financial Supervisory Authority has approved […]
In the first nine months of 2021, LR Group, the parent company of direct selling organization LR Health & Beauty, has achieved 7.1% growth in sales compared to the same time period in 2020.
LR Group, the holding company for LR Health and Beauty, announced double-digit growth trends in sales and profitability in the first six months of 2021. Sales increased 14.3% over the same period of the previous year, reaching EUR 153.2 million.
LR Group released its 2020 annual report, indicating a 26.7% increase in total revenue over the previous year, reaching EUR 224.8 million. The company’s EBITDA also increased from EUR 24.1 million to EUR 42.5 million, due to strong revenue growth in 2020. “We are very satisfied with how the business developed in 2020 and look […]
LR Health & Beauty extended existing cooperation agreements with Emma Heming-Willis, Bruce Willis and Portuguese TV star Cristina Ferreira. Cooperating with both national and international celebrities plays an important role in the fragrance segment of LR. All celebrities are personally involved in the creation of a fragrance and give their eau de parfum an individual […]
LR Health & Beauty recently announced it has launched a new tool, LR MyOffice, to support sales partners with their work in the digital LR world. The Ahlen, Germany-based company teamed with American software provider Exigo to develop the tool, which can be used on Pcs, tablets and smartphones. With LR MyOffice, sales partners can get information on […]
Ahlen, Germany-based LR Health & Beauty Systems, one of Europe´s leading direct sales companies, today announced that, effective immediately, Andreas Friesch is the company’s new CEO. He succeeds Dr. Thomas Stoffmehl, who leaves the company by mutual agreement. Friesch’s professional experience roots in the European direct sales industry. For 10 years, he led the product […]
LR Health & Beauty, a seller of personal-care and cosmetics products based Ahlen, Westphalia, Germany, is launching a health management system surrounding its new health brand, LR Lifetakt. The brand will be introduced gradually in the countries where LR is active. LR Lifetakt bundles high-quality food supplements and meal replacement products, which were developed by […]
LR Health & Beauty Systems GmbH, the Ahlen, Germany-based direct seller of cosmetics, fragrances and nutritional products, recently held a cornerstone ceremony to mark the construction of its new aloe production site in Ahlen.