Tupperware Brands Corporation (NYSE: TUP) and Youngevity International, Inc. (NASDAQ: YGYI) today announced they have reached an agreement whereby Tupperware Brands will sell Beauticontrol assets to Youngevity, a leading omni-direct lifestyle company.
As part of the deal, Youngevity will integrate Beauticontrol’s sales force into its company, marketing Beauticontrol branded products, as well as the other brands in Youngevity’s extensive product portfolio.
Youngevity will also market Beauticontrol branded products to its existing member base. Tupperware will earn a royalty based on future sales of the Beauticontrol sales force, and sales of the Beauticontrol product line by the existing Youngevity members.
“We couldn’t be more pleased to reach this agreement with Youngevity.
We feel Youngevity’s 20 year history and impressive track record make them the ideal company to welcome Beauticontrol into its family of brands. The agreement will allow Beauticontrol’s sales force to again be able to purchase many of the products that they and their customers love.
As part of Youngevity, the Beauticontrol product line will have an even wider audience through its existing members and by joining Youngevity, the Beauticontrol sales force members will be able to enjoy a terrific direct selling earning opportunity.
While likely to be modest in any particular year, monetizing these