Hot Business News Today

Singapore Launches An Accreditation Organization For Direct-Selling Companies

The Consumers Association of Singapore (CASE) and the Direct Selling Association of Singapore (DSAS) on Thursday (Jan 8) announced the launch of their joint accreditation scheme, and more than 10 direct selling businesses have already been accredited.
Direct selling is a practice in which products are sold from no fixed location.
With the launch of the CaseTrust-DSAS Joint Accreditation Scheme, consumers can expect the following:

A cooling off period of seven working days (excluding Saturdays, Sundays and Public Holidays), during which consumers may seek full refund of payment made
An order form at the time of sale, with clear and accurate contact details of the direct seller
A well-defined complaint mechanism put in place by the business to address disputes

Besides these, accredited businesses are governed by DSAS’ Code of Ethics, which ensures all direct sellers within their distribution system practice responsible and ethical selling, the press release stated.
Companies must also comply with regulations that regular businesses are bound by, such as the Lemon Law, and detail the terms and conditions of any warranties and/or guarantees clearly.
These terms are on top of DSAS membership criteria, which require companies to at least be registered for a year with the Accounting and Corporate Regulatory Authority, undergo a six-month


Synergy WorldWide Announces New CEO

In a letter to their distributors online, Synergy WorldWide announced the appointment of their new CEO:
On December 15th, Nature’s Sunshine Products announced an internal reorganization of the company with the objective of intensifying the focus of key resources on the major growth opportunities that exist in the years ahead.
As part of this reorganization, Wynne Roberts has been appointed Chief Executive Officer of Synergy Worldwide, with responsibility for the Synergy Worldwide business as well as NSP’s business in Russia, Central, and Eastern Europe. For Synergy, Dan Norman will continue his good work as President of Synergy Worldwide.
Why make this change?
It’s all about accelerating growth and realizing our full potential.
Over the last several years, Synergy WorldWide has doubled its revenues, expanded profits across the world, and brought together talented people who have created an enviable culture of teamwork and support among the corporate team and Team Members alike. And the amazing fact is that everyone involved with Synergy believes it has only “scratched the surface” of the potential that is possible.
Looking forward, Synergy will continue operating in 29 markets across Asia, Europe, and North America, with scope to drive substantial growth through penetration in these markets and expand into new countries. This


ARIIX Surpasses $3 Million Per Week

ARIIX is setting the pace. In only three years since its founding, ARIIX is making waves in the network marketing industry by establishing an explosive rate of growth, reaching $1 million per week in year one and $2 million per week in its second year.  In its first week of 2015, ARIIX surpassed the $3 million per week landmark.
And there are no signs of slowing. According to the coveted Direct Selling Association 2013 Top 100 performing global company list, based on current sales, ARIIX is now in the top 100 and set to break into the top 50 within the next two years, making ARIIX one of the fastest-growing companies in history.
Just in the last year alone, ARIIX posted a staggering year-over-year growth rate that nearly doubled sales (93.9%). This was led by Japan, which grew at 150%, followed by Taiwan at 125%. The US, Canada and the Netherlands all posted significant growth rates at more than 45% each.

ARIIX President Mark Wilson credited ARIIX Representatives globally, saying, “We are proud to create premier stand-alone brands that provide products that our customers love. We compensate our Representatives better than anyone, and back them up with the most secure working contract in


Big Plans For Herbalife: Opening $100 Million Plant And Planned Counter Attack Against Ackman

ValueWalk reported: 
Fox Business Network’s (FBN) Charles Gasparino reports Herbalife Ltd. (NYSE:HLF) is planning a counter attack on Pershing Square Capital CEO Bill Ackman, following the cancellation of a meeting with Herbalife by Ackman. Gasparino reports, “people inside Herbalife are telling me that it could be legal,” possibly “a lawsuit about stock manipulation.”
On Herbalife planning a counter attack against Bill Ackman:
“They are planning some sort of counter attack. People inside Herbalife are telling me that it could be legal, clearly like a lawsuit about stock manipulation or something else. What they are saying is they are clearly going to do an attack.”
In other news: 
Herbalife Ltd. will officially unveil its $100 million manufacturing facility in Winston-Salem on Jan. 16, showing off the plant to the media and local elected officials.
The nutrition products company (NYSE: HLF) will hold an invitation-only grand opening of its 800,000-square-foot “Winston-Salem Manufacturing and Innovation Facility.” Herbalife COO Rich Goudis, will attend, and Winston-Salem Mayor Allen Joines and Forsyth County Board of Commissioners Chairman David Plyler are expected to be there, too.

Herbalife officials said the facility currently employs about 350 and is expected to employ more than 500 by the end of the year.
The plant at 3200 Temple School Road is located at the former site of Dell Inc. Local