Browse direct sales, network marketing and work-from-home news from November 2022.
Natura &Co Holding said in a notice to the market that it is evaluating the potential sale of a minority stake in its Aesop luxury skincare brand, in addition to the IPO and spin-off alternatives it had been studying. The company said the process is at an early and confidential stage of consultations and that no ter...
Read full storyUSANA Health Sciences acquired two companies: Rise Bar, a California maker of clean-ingredient protein bars founded in 2010, and Oola, a direct-selling personal development and lifestyle company that began as a book series in 2012. Financial terms were not disclosed. Both companies will continue to operate independe...
Read full storyThe Beachbody Company said it received a deficiency letter from the New York Stock Exchange on November 23, 2022, notifying it that it was not in compliance with continued listing standards because the average closing price of its Class A common stock had been below 1 dollar over 30 consecutive trading days as of No...
Read full storyZinzino AB reported third-quarter 2022 revenue of 349.9 million Swedish kronor, up 12 percent from 313.6 million kronor a year earlier. Gross margin narrowed to 31.7 percent from 34.3 percent. EBITDA fell to 25.4 million kronor, a 7.3 percent margin, from 40.4 million kronor, a 12.9 percent margin, and net profit de...
Read full storyIsagenix International extended its forbearance agreement with secured lenders by two weeks beyond its scheduled November 15 expiration, according to a person familiar with the matter. The agreement allows the company to defer interest and amortization payments on its term loan in exchange for a 1.5 percent payment-...
Read full storyeXp Realty named Leo Pareja chief strategy officer. Pareja joined the company in June 2022 as president of affiliated services, where he launched the Revenos referral division and the eXp Solutions business. Pareja previously co-founded the real estate technology company Remine and served as national president of th...
Read full storyNatura &Co Holding reported third-quarter 2022 consolidated revenue of 9.0 billion reais, down 5.7 percent in reais and up 2.2 percent in constant currency. Natura &Co Latam rose 10.2 percent and Aesop 21.5 percent in constant currency, while The Body Shop fell 19.5 percent and Avon International declined 8.1 percen...
Read full storyCoway said third-quarter 2022 revenue was 969.8 billion won, up 3.8 percent from a year earlier, and operating profit rose 0.8 percent to 165.1 billion won. Year-to-date revenue reached 2,875.9 billion won, up 5.8 percent, with operating profit of 513.7 billion won, up 2.5 percent. Domestic environmental appliance r...
Read full storyThe Beachbody Company reported third-quarter 2022 revenue of 165.9 million dollars, down 20 percent from a year earlier but 7 percent above the midpoint of its guidance. Digital revenue fell 23 percent to 72.2 million dollars with 2.10 million digital subscriptions, nutrition revenue declined 16 percent to 90.4 mill...
Read full storyMannatech reported third-quarter 2022 net sales of 35.5 million dollars, down 10.0 percent from a year earlier and down 1.3 percent in constant dollars. A stronger U.S. dollar against the Korean won and Japanese yen reduced sales by about 3.4 million dollars. Operating income fell to 1.4 million dollars from 3.3 mil...
Read full storyeXp Realty opened operations in Poland, its 23rd market and the fifth new country launched in 2022 after the Dominican Republic, Greece, New Zealand and Chile. The company has more than 86,000 agents worldwide. Dorota Chomuntowska will lead the Poland operation. Chief growth officer Michael Valdes said Poland comple...
Read full storyPrimerica reported third-quarter 2022 revenue of 673.3 million dollars, down 3 percent from a year earlier. Net income fell 54 percent to 51.8 million dollars and diluted EPS fell 51 percent to 1.37 dollars, reflecting a 60.0 million dollar goodwill impairment, or 1.59 dollars per share, in its Senior Health segment...
Read full storyAvon Products said its board approved a plan on November 3, 2022 to close its research and development facility in Suffern, New York, and relocate research operations to Brazil, co-located with Natura's Cajamar innovation center, and to Poland. The move is expected to be completed by the quarter ending June 30, 2024...
Read full storyFarmasi opened for business in the Dominican Republic, launching a local website at farmasi.do along with local social media channels. A grand opening event for independent beauty influencers was scheduled in Santo Domingo on November 12. The launch brings the Turkish beauty and personal care direct seller to 33 cou...
Read full storyNature's Sunshine Products reported third-quarter 2022 net sales of 104.5 million dollars, down 8.9 percent from 114.7 million dollars a year earlier and down 2.3 percent in constant currency. Net income was 0.2 million dollars, or 0.00 dollars per diluted share, compared with 5.5 million dollars, or 0.24 dollars. A...
Read full storyMedifast, parent of the OPTAVIA coach-based weight management brand, reported third-quarter 2022 revenue of 390.4 million dollars, down 5.6 percent from a year earlier. Net income was 36.2 million dollars, or 3.27 dollars per diluted share, compared with 3.56 dollars, and adjusted EPS was 3.32 dollars. Gross margin ...
Read full storyeXp World Holdings reported record third-quarter 2022 revenue of 1.2 billion dollars, up 12 percent from a year earlier. Gross profit rose 17 percent to 93.1 million dollars, while net income fell to 4.4 million dollars, or 0.03 dollars per share, from 23.8 million dollars. Adjusted EBITDA was 12.3 million dollars. ...
Read full storyBetterware de Mexico appointed Karalee Mora chief executive officer of JAFRA USA effective November 1, 2022. Mora has 18 years of direct-selling experience, most recently as senior vice president of marketing at Perfectly Posh, and previously held roles at doTERRA. The company said Mora's targets include bringing JA...
Read full storyLifeVantage Corporation reported fiscal 2023 first-quarter revenue of 51.8 million dollars, down 2.7 percent from a year earlier and up about 2.3 percent in constant currency. Earnings were 0.05 dollars per diluted share compared with 0.25 dollars, and adjusted EPS was 0.06 dollars. Adjusted EBITDA fell to 2.8 milli...
Read full storyNatural Health Trends Corp. reported third-quarter 2022 revenue of 11.7 million dollars, down 18 percent from a year earlier and down 12 percent from the second quarter. The company recorded an operating loss of 145,000 dollars and net income of 47,000 dollars. Active members declined 10 percent from a year earlier ...
Read full storyNu Skin Enterprises reported third-quarter 2022 revenue of 537.8 million dollars, down 16 percent from 641.2 million dollars a year earlier, including a 7 percent, or 47 million dollar, foreign-currency headwind. The company posted a loss of 0.51 dollars per share; excluding restructuring and impairment charges, ear...
Read full storyTupperware Brands promoted Hector Lezama to chief commercial officer, giving him oversight of the company's commercial activity worldwide. Lezama joined Tupperware in 2020 as senior vice president of expansion and turnaround markets. The company said the promotion is part of the next chapter of its turnaround plan, ...
Read full storyTupperware Brands reported third-quarter 2022 net sales of 302.8 million dollars, down 20 percent from 376.9 million dollars a year earlier and down 14 percent in constant currency. The company posted a loss from continuing operations of 3.8 million dollars, or 0.09 dollars per diluted share, compared with income of...
Read full storyMary Kay Inc. said Ryan Rogers, grandson of founder Mary Kay Ash, will become chief executive officer on January 1, 2023. Rogers is a member of the board and has served as chief investment officer since 2013. He joined the company in 2000 and is a CFA charterholder. David Holl will retire as chief executive at the e...
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