Zinzino announced its financial results for the second quarter of 2024, reporting $49 million in revenue, a 24% increase compared to the same period of 2023. EBITDA during the quarter increased to $0.58 million with an EBITDA margin of 12.4%.
Zinzino announced its acquisition of 49% of the shares and votes in Cleanthi Alpha-Olenic LTD, a Cypriot producer of olive oil. Cleanthi’s certified Koreneiki olives grown in orchards that are free of artificial fertilizer and pesticides are manufactured through a patented process of pressing olives.
Zinzino announced today that it has signed a letter of intent with the shareholders of Zurvita Inc. to acquire 100% of its shares in the company. Zinzino expects the acquisition to increase its distribution power in North America by gaining access to Zurvita’s distribution network in the US, Canada and Mexico.
Zinzino announced its expansion into Serbia this week as part of the company’s broader plan to grow its international customer base, with the Balkan region and Southeastern Europe representing its strategic next step.
In its largest gathering of direct selling executives to date, Direct Selling University (DSU) offered two days of education and training sessions from the experts and thought leaders behind today’s most successful brands and marketplace movements.
Scandinavia-based Zinzino announced it has acquired the rights to Luxembourg-based Xellis’ distributor database, associated customer register, inventory and intellectual property.
Revenue growth is the mark of a company that is doing something right. When a company can continue a pattern of revenue growth for two or three consecutive years, it signals healthy momentum and creates a new level of credibility among peers and customers. But four years? Four years of consecutive revenue growth tangibly illustrates that a growth mindset and resiliency is cemented into a company’s DNA.
Scandinavia-based Zinzino announced a strategic partnership that would allow it to acquire ACN’s European distributor database after ACN finalized plans to wind down its direct selling operations in Europe.
Zinzino released its preliminary sales report for 2023, posting a 23% increase in full-year revenue, compared to full-year revenue in 2022. Accumulated revenue for 2023 reached $168 million.
Founded in 2005 by direct sales veterans Ørjan and Hilde Sæle, Zinzino is tackling one of the biggest shortfalls of the health and wellness industry—proof. Of the thousands of nutritional systems, supplements and products on the market, surprisingly few have proven results. Many companies may point to lab testing or clinical trials, but Zinzino’s founders expected more. Alongside their portfolio of nutritional supplements, weight management products and scientific skincare, the company offers innovative blood testing to provide customers with personalized data they can use to spend their wellness dollars wisely.
Zinzino announced its official expansion into Turkey. This move is the culmination of years of preparation and discovery and is part of the company’s global expansion plan.
Sweden-based Zinzino recently entered the Asia market with the opening of business in Hong Kong. “We expect a lot from the Asian market, and this is the reason why we acquired VMA Life with direct selling operations in Hong Kong, Thailand, Taiwan, Singapore and Malaysia end of 2019,” said CEO Dag Bergheim Pettersen. “This is truly […]