Hot Business News Today

Kristian Hoenicke Reaches DubLi’s Vice President Level In 27 Days

 
A recent surge into DubLi puts Kristian Hoenicke at the top, reaching the esteemed Vice President level in just 27 days. DubLi recently celebrated their international event in Dubai, UAE, where the company has a strong presence and owns property. Tony Rush was among those celebrating in Dubai. It is unclear whether Hoenicke is still active with DS Domination (the most recent blog post in July was the last mention of DS Domination), a drop shipping online company that resells items on e-bay. 
The Vice President level is a difficult level to reach, let alone accomplishing it in a mere 27 days. DubLi awards their VP’s with a property in the Cayman Islands (Grand Cayman) and at the next level, Senior Vice President, the award is a custom built, paid-for, home on that property. 
The Vice President level qualification is to have 5 separate legs that each have at least a Sales Director. 
DubLi is a cashback shopping network that offers three membership options; a free membership, monthly paid, or the yearly ‘VIP’ option. Depending on the level will reflect the cashback percentage. To become an independent sales distributor with DubLi the options start with a $500+ package. 
Only in recent years has DubLi moved

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DSA Responds To Avon Withdrawal, Speculation From Politico

 
Politico has speculated that the reason for Avon withdrawing from the DSA is due to the Herbalife/Ackman battle: 
The cosmetics company Avon has withdrawn from the Direct Selling Association trade group, making some thinly veiled, indirect references to the Herbalife fight unfolding in Washington, D.C., and beyond.

“We believe the association’s agenda in the U.S. is overly focused on the issues of a few specific brands rather than industry-wide challenges,” the company said in a letter to other members explaining its departure. “We believe that the U.S. DSA Code of Ethics requires updating to better reflect the current state of the industry in the U.S. … As the U.S. DSA is currently operating, we do not believe that either of these issues will be addressed.”

The nutritional supplements company Herbalife has been embroiled in a fight with hedge funder and billionaire William Ackman over the company’s business practices. Ackman and his firmPershing Square Capital have made a massive short bet that Herbalife will fail — and have been working regulators to investigate the company’s business practices.
The DSA — of which Herbalife is a major member — has recently embarked on a major public affairs and PR campaign in support of the direct-selling industry. That push happened to coincide with Herbalife’s

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Beach Body Appoints New CFO, Sue Collyns

 
Beachbody, the Santa Monica, Calif.-based developers of popular fitness brands INSANITY® and P90X®, announced today the hiring of Sue Collyns as Chief Financial Officer.  Collyns will play a critical role in the strategic and financial management of Beachbody as it builds upon its success and works to expand its business globally. Collyns will report directly to Beachbody CEO, Carl Daikeler.

“Sue brings impressive experience across six industries with iconic brands having managed complex strategic, tactical and financial dynamics,” said Daikeler. “Her tremendous experience will enable us to drive improvements across all areas of our growth plan, both domestically and internationally.” 

As CFO, Collyns will be responsible for leading all financial operations within Beachbody. She joins Beachbody after most recently spending two years as the CFO of Dun and Bradstreet Credibility Corp (DBCC), the successful technology start up. Prior to DBCC, Collyns spent 10 years as CFO, COO and Company Secretary for California Pizza Kitchen (CPK) and prior to CPK, she held various financial positions at Sony/BMG Entertainment, Lion/Pepsi, Glaxosmithkline and PriceWaterhouseCoopers.

“I am honored to join Carl and the entire Beachbody team as we enter one of the Company’s most exciting and important growth phases,” said Collyns. “It’s invigorating to combine my professional experience with personal passion and join a true category leader, marked by exceptional product and brand

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Australian Organization Accuses Lyoness Of Being A Pyramid Scheme

 
The Australian Competition and Consumer Commission (ACCC) will today begin its case against Lyoness, alleging it is operating a pyramid scheme.
Tony Zeaiter and Paul Maait each invested $3,000 in Lyoness to become premium members of the Australian arm of the company.

“When it launched in Australia, they said ‘You’ll have a minimum of 500 people under you, and you’ll get a percentage of whatever these people do’,” Mr Maait told the ABC.

“[They told us] ‘You don’t have to go out and sell, you don’t have to go out and recruit people. We will give you 500 people and, you know, you’ve really got it made if you get in at this time’.”

Mr Maait said both he and Mr Zeaiter were impressed with what they saw at the presentation about the company in Sydney.
“There was literally thousands upon thousands of people joining and when they told us like Woolworths were able to get six million people to join their rewards system, it was quite believable that this could actually happen,” he said.
But partnerships with major retailers such as Woolworths and Harvey Norman did not eventuate.
“They haven’t been able to deliver on the promises that they made to people like us in order

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