Browse direct sales, network marketing and work-from-home news from December 2022.
Tupperware Brands entered into a second amendment to its credit agreement that raises the maximum net leverage ratio for the fourth quarter of 2022 to 5.25 times from 4.25 times, followed by 4.25 times in the first quarter of 2023 and 3.75 times thereafter. The amendment shortens the facility's maturity to November ...
Read full storyHerbalife Nutrition entered into an employment agreement naming Michael O. Johnson chief executive officer, removing the interim title, for a term running through December 31, 2023. Johnson returned as chairman and interim CEO in October after Dr. John Agwunobi stepped down. Under the agreement Johnson will receive ...
Read full storyeXp Realty opened operations in Dubai, its 24th market and the sixth new market launched in 2022. The company has more than 86,000 agents worldwide. Dounia Fadi, a Dubai broker with more than 18 years of experience, will lead the operation. Chief growth officer Michael Valdes said Dubai's multicultural population an...
Read full storyAmway appointed Peter Strydom chief marketing officer, and he joins the company's Global Leadership Team. Strydom most recently served as managing director of Amway Japan. Strydom joined Amway in 1997 and has held leadership roles in four countries. As chief marketing officer he will lead a global effort to create c...
Read full storyThe Beachbody Company's board voted on December 14, 2022 to expand from seven to eight directors and appoint Ann Lundy as a director effective January 3, 2023. Lundy was also named chair of the board's audit committee. Lundy has served as senior vice president of corporate finance and internal audit at Activision Bl...
Read full storyAvon Products disclosed that a Los Angeles Superior Court jury awarded 36 million dollars in compensatory damages against the company on December 14, 2022 and 10.3 million dollars in punitive damages on December 16 in Chapman v. Avon Products, Inc., Case No. 22STCV05968. Avon was one of more than 30 co-defendants in...
Read full storyMannatech said it plans to open operations in Thailand in 2023, which would be its 26th market, with China operated separately through a cross-border e-commerce platform. The company described Thailand as a gateway to further expansion in Southeast Asia. Mannatech cited Thailand's population of about 70 million, a d...
Read full storyHerbalife Nutrition priced a private offering of 250 million dollars of 4.25 percent convertible senior notes due June 15, 2028, sold to qualified institutional buyers. Initial purchasers received an option to buy up to an additional 37.5 million dollars of notes. The notes carry an initial conversion price of about...
Read full storyNature's Sunshine Products appointed Shane Jones as chief financial officer effective December 30, 2022. Jones previously served as CFO of FullSpeed Automotive, West Marine, 1-800 Contacts and Backcountry.com, and held finance roles at Amazon, L Brands and YUM! Brands. Jonathon Lanoy, who has served as interim CFO s...
Read full storyLegalShield's board of directors named Warren Schlichting chief executive officer. Schlichting was previously executive vice president and chief operating officer of Poly, the former Plantronics and Polycom, and earlier served as president of Sling TV and as an executive vice president at DISH. Interim chief executi...
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