Nu Skin Enterprises, Inc. (NYSE: NUS | charts | news | PowerRating) has executed an agreement to purchase $25 million of its common stock from investment firm J.P. Morgan Chase Bank (NYSE: JPM | charts | news | PowerRating) using an accelerated share repurchase program. The stock repurchase follows the recent decision by the company's board to increase the company's share repurchase authorization by $100 million.

Under the repurchase agreement, around 1.3 million shares will be delivered to Nu Skin Enterprises.

Provo, Utah-based Nu Skin Enterprises is a direct selling company operating in more than forty markets throughout Asia, the Americas and Europe. The company markets personal care products under the Nu Skin brand, nutritional supplements under the Pharmanex brand and technology-based products and services under the Big Planet brand.