Natura &Co said it would reorganize into a simpler holding-company structure giving more accountability to its Natura, Avon, The Body Shop, and Aesop business units. Group chief executive and executive chairman Roberto Marques is stepping down from those roles, remaining on the board during the transition and planni...
Nu Skin Enterprises said it entered an amended and restated credit agreement on June 14, 2022, with Bank of America, N.A., as administrative agent, replacing its April 2018 credit agreement. The new facilities include a 400 million dollar term loan and a 500 million dollar revolving credit facility, each with a five...
Melaleuca appointed founder Frank VanderSloot as executive chairman of the board and promoted Jerry Felton to chief executive officer. VanderSloot, who had served as CEO since founding the company in 1985, said he would focus on strategy, messaging, new products, and culture while still directing marketing and legal...
The U.S. Food and Drug Administration issued a warning letter dated June 10, 2022, to Young Living Essential Oils Corporate, addressed to co-founder and chief executive Mary B. Young. The agency said a May 2022 review of company and consultant websites and social media found disease-treatment and prevention claims f...
Tupperware Brands said it entered a definitive agreement to sell its Nutrimetics beauty business, which operates in Australia, New Zealand, and France. Terms and the anticipated closing date were not disclosed. The company said the sale advances its turnaround plan of divesting non-core assets after earlier sales of...