For 15 years, LR Health & Beauty has served kids in need through its philanthropic arm LR Global Kids Fund. The association was founded by the company’s employees and management as a way to help socially disadvantaged children while providing the opportunity for a “self-determined life.” Today, the charity supports 20 projects around the world, […]
LR Health & Beauty SE announced its financial results for the second quarter of 2024, reporting sales of $78 million, a 2.6% increase from the previous year’s quarter. With these results, the company achieved $158 million in sales for the first half of the year, citing its new product launches, including the LR Health Mission and the LR Body Mission, as significant contributors to its positive sales performance.
LR Health & Beauty announced the expansion of its IT landscape with a new near-shore IT hub in Athens. This new hub is part of the company’s larger business strategy that aims to develop and operate most business applications internally and will develop customized solutions for the company’s sales partners.
LR Health & Beauty SE announced its financial results for the first quarter of 2024, reporting revenue of $78.5 million with a normalized EBITDA of $8.4 million. In spite of unfavorable currency effects, the company achieved a 0.8% year-over-year increase in sales.
LR Health & Beauty SE announced its financial results for the full year 2023, reporting a 3% year-over-year increase in revenue to reach $295 million.
LR Health & Beauty SE shareholder Quadriga Capital announced it has won private equity firm Evoco as a major investor in the company. This capital infusion will provide more financial backing that will allow the company to continue driving toward its strategic initiatives.
LR Global Holding GmbH, the parent company of direct selling organization LR Health & Beauty, announced third quarter 2023 sales of $70 million, a slight decrease (0.6%) from the same period in 2022. Sales for the first nine months of the year reached $222.8 million, representing a 4.6% growth rate compared to the first nine months of 2022.
LR Global Holding GmbH announced its financial results for the second quarter and the first half of 2023. In Q2, the company’s sales were up 9.4% year over year to $74.8 million. EBITDA during the period was $8.25 million, an improvement over the previous year’s quarter.
LR Global Holding GmbH, the parent company of LR Health & Beauty, released preliminary figures that show a 5% year-over-year sales increase for the first quarter of 2023. This positive trajectory is a result of a strategic realignment initiative that the company began in summer of 2022.
In an official award ceremony hosted by the German Design Council, LR Health & Beauty’s Zeitgard Pro Cosmetic Device was recognized with the German Design Award 2023 in the Bath and Wellness category.
LR Health & Beauty announced the launch of ZEITGARD PRO Cosmetic Device, a cosmetic device for home use with interchangeable beauty tools. Each tool provides a different function, including deep-pore facial cleansing and the promotion of anti-aging.
LR Global Holding GmbH, the parent company of direct selling organization LR Health & Beauty, announced sales of $135.7 million in the first six months of 2022, a 14.2% drop from the same period of 2021.