Browse direct sales, network marketing and work-from-home news from October 2022.
Herbalife Nutrition reported third-quarter 2022 net sales of 1.3 billion dollars, down 9.5 percent from a year earlier and down 3.5 percent in constant currency. Net income was 82.2 million dollars, or 0.83 dollars per diluted share, compared with 1.09 dollars a year earlier. Adjusted diluted EPS was 0.91 dollars ve...
Read full storyHerbalife Nutrition said Dr. John Agwunobi stepped down as chairman, chief executive officer and a member of the board effective October 27, 2022. The company said his departure was not the result of any disagreement. Former chief executive Michael O. Johnson was named chairman and interim CEO. Johnson previously le...
Read full storyThe Beachbody Company said co-founder and vice chairman Jonathan Congdon will retire from the company to pursue other opportunities, effective December 31, 2022. Congdon will remain in his role until that date, when his position will end. Congdon co-founded Beachbody with chief executive Carl Daikeler in 1998. The d...
Read full storyMojiLife named Kristine Widtfeldt as president. Widtfeldt has more than 20 years of direct-selling experience and served as chief executive of a direct-sales home decor company from its 2017 launch. MojiLife chief executive Darin Davis said Widtfeldt will lead the company's growth plans in the United States and inte...
Read full storyUSANA Health Sciences reported third-quarter 2022 net sales of 233 million dollars, down 15 percent from 274 million dollars a year earlier and down 9 percent in constant currency. Currency reduced sales by about 15 million dollars. Diluted earnings per share fell to 0.78 dollars from 1.36 dollars. Active customers ...
Read full storyOriflame Holding said third-quarter 2022 Euro sales were 220.0 million euros compared with 221.4 million euros a year earlier, a decline of 1 percent, while local-currency sales fell 11 percent. Adjusted EBITDA fell to 24.7 million euros, an 11.2 percent margin, from 48.3 million euros and a 21.8 percent margin. Adj...
Read full storyNatura &Co Holding said its board of directors authorized management to carry out a comparative study of a potential initial public offering of Aesop versus a spin-off of the luxury skincare brand, which could be followed by a public offering. Under the structures being studied, Aesop would be held by a U.S.-listed ...
Read full storyThe U.S. Bankruptcy Court for the District of Delaware approved the sale of substantially all assets of NewAge, Inc., Ariix, Morinda Holdings and Morinda, Inc. to DIP Financing, LLC, the stalking horse bidder in the Chapter 11 cases. The order was entered in Case No. 22-10819 before Judge Laurie Selber Silverstein. ...
Read full storyeXp Realty said it surpassed 85,000 real estate agents worldwide, up 30 percent from 65,286 agents at the start of October 2021. The cloud-based brokerage, which pays agents revenue share and equity incentives for recruiting and production, said growth continued despite a slowing housing market. Recent additions inc...
Read full storyMedical Marijuana, Inc. (OTC: MJNA), parent of the direct-selling CBD brand Kannaway, entered into an asset purchase agreement with MFINITY Global LLC. Under the deal, MFINITY's product line, built around the antioxidant Muscadine, will be marketed and sold exclusively under the Kannaway brand through Kannaway indep...
Read full storyPlexus Worldwide appointed Gene Tipps as chief executive officer effective October 3, 2022. Co-founder Tarl Robinson stepped down from the CEO role at the end of September, and co-founder Alec Clark will remain with the company until early 2023. Tipps joined Plexus in 2018 as chief operating officer and was named pr...
Read full storyTupperware Brands began selling its food storage containers in Target stores nationwide and on Target.com, marking the first time in its history that the 76-year-old brand is sold broadly in a retail store. The assortment includes a variety of container sizes and bundles priced from 7.99 dollars to 79.99 dollars. Th...
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