Tag Archive for Acquisition

Hot Business News Today

Zinzino And ACN, Enter A Strategic Partnership In Europe

by  •  • 0 Comments

Zinzino and ACN, enter a strategic partnership in Europe, and in connection with it Zinzino carries out a directed new issue of B shares for SEK 10.4 million.
Zinzino, the global health and wellness brand from Scandinavia, has entered into a strategic agreement in Europe to partner with North American ACN, a direct seller of telecommunications, energy, and essential services for homes and businesses, which has decided to wind down its direct selling operations in Europe.

The agreement between the companies includes that Zinzino takes over the rights to ACN’s European distributor database register free of charge, which will in the future be integrated with Zinzino’s existing technical platform.

The strategic partnership for Europe is expected to create growth through the synergies that arise in the joint networks. In connection with the agreement, ACN has expressed a desire to invest USD 1m in Zinzino through its holding company Manna Holdings, LLC (“Manna”).
Strategic Partnership
This is a strategic and important step in Zinzino’s growth plans, focused on improving personal health and wellness on a global level with cutting-edge biotechnology, health testing, and a cutting-edge product portfolio distributed through direct sales.

“A visionary mindset, tech-first perspective, test-based nutrition, and a strong position to capitalize on current

Read more...

Hot Business News Today

David C. Chung Acquires Amare Global

by  •  • 0 Comments

David C. Chung, a visionary wellness and beauty products entrepreneur, and Amare Global, today announced Chung as majority shareholder and chairman. Chung will bring vast expertise in innovation, brand-building, supply chain, information technology, and overall operational excellence to continue to build the global mental wellness movement.
Chung is the founder and CEO of iLABS US and iLABS South Korea, state-of-the-art beauty innovation centers that offer R&D, turnkey product development, and exceptional finished goods to independent and leading beauty brands, and Morae Packaging, which offers quality glass, plastic, and sustainable packaging solutions for skincare, cosmetics, and fragrance. Chung is the founder and CEO of The Beauty Bank, LLC., which incubates new-to-market skincare and wellness brands, including The Rootist, biological care for the roots, scalp + hair.

“I am proud to join the talented executive leadership team, accomplished Brand Partners, and collective vision of Amare Global as we continue to lead the mental wellness category,”

said David Chung.

“With the growing demand for mental wellness solutions, Amare leads with innovative and efficacious products that support the gut-brain axis (GBX) and a healthy microbiome to support mental wellness and a balanced lifestyle.
Thanks to the far-reaching distribution base, we will create substantial value not only for

Read more...

Hot Business News Today

Kannaway Completes Acquisition Of KZ1 (Exfuse) Network Marketing Company

by  •  • 0 Comments

Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), announced today that its network marketing division, Kannaway, has completed an Asset Purchase Agreement with eXfuse, LLC, dba KZ1 a Japan based network marketing company.
The KZ1 acquisition will increase the sales force of the Company’s Kannaway division in Japan by approximately 1,450 individuals and the Company believes the increased sales force will greatly benefit Kannaway’s ramp up in the Japanese market. KZ1’s premium product “Focus,” containing Nootropics, which helps support cognitive function, has been well received in the Japanese market and adds to the Company’s current line of CBD, natural health and beauty products.
Commenting on the acquisition, Kannaway President Bill Andreoli stated:
“The combining of these two companies’ products and distributor genealogies will have an immediate positive effect on revenue in Japan. I am so excited for Kannaway and KZ1 distributors coming together with such a strong message of Hemp & Wellness.”
Tim Scott, CEO said,
“We have worked hard to increase financial efficiency and increase cash flow and the acquisition of KZ1 fits right into this strategy. With this acquisition, combining the KZ1 sales force with Kannaway’s, we expect to see a strong impact in Japan. This is just another step in our strategy to grow

Read more...

Hot Business News Today

iX Global Acquires DRIVEN Trading

by  •  • 0 Comments

iX Global is pleased to announce that it has acquired DRIVEN Trading.
DRIVEN Trading is a trading education company led by CEO Cory Kromray, who is also a veteran of the direct selling industry. CEO and founder of iX Global Joseph Martinez and Cory recently agreed upon the terms of the acquisition, and the DRIVEN staff has already begun to be integrated into iX Global.
DRIVEN Trading is a young, successful company that is currently in their second year of operation. DRIVEN accomplished many firsts in their first year of operations: the first trading education company to launch an NFT collection from a live event, the first trading education company to give away an NFT wrapped supercar and the first trading education company to launch a state of art metaverse experience, amongst other exciting growth initiatives.
Entering their second year, DRIVEN Trading launched a new product series, investing in a mainstream direct to consumer collaborative platform that promised to deliver a powerful and diverse set of products ranging from education for beginners to the highest level of professional trading.
The platform delivered these products through a Platinum Master Series including courses, indicators, strategies, signals, masterminds, summits, live trading masterclasses and explosive collaborations with the

Read more...

Hot Business News Today

Jeunesse Sold To LaCore Enterprises

by  •  • 0 Comments

According to a Jeunesse press release:
We are pleased to announce an affiliate company of LaCore, the global leader in sales and distribution based in Dallas, Texas has acquired 100% ownership of Jeunesse Global.
This acquisition will bring Jeunesse Global’s industry-leading skincare and wellness products to LaCore eco-system of companies, strengthening  it’s position in the international health and beauty market.
LaCore CEO Terry LaCore began his career in sales and distribution as an independent distributor. Never forgetting what it takes top build an organization of trusted retailers and customers he has leveraged his 25+ year of expertise to develop a global ecosystem.
We are exited to welcome the Jeunesse Global team to the LaCore family and look forward to working together to continue delivering high-quality products and innovative solutions to our customers and distributors”
Stated Terry LaCore.
Terry LaCore immediately appoints Jason Borné as CEO. Mr. Borné brings an 18+year relationship with LaCore and over 30 years of networking experience with a focus on leadership development, sales and training.
“I am excited to be a part of Terry LaCore’s vision to launch Jeunesse Global into a new era with servant leadership, and a win-win distributor first driven business to service customers across the world.
We are excited

Read more...

Hot Business News Today

Medical Marijuana, Inc. (Kannaway) Acquires MFINITY Global (Bill Andreoli)

by  •  • 0 Comments

Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today that it has entered into an Asset Purchase Agreement with MFINITY Global LLC, a direct-selling organization focused on promoting natural health and a rewarding sales model.
Additionally, Bill Andreoli, the President of MFINITY Global will become the President of Medical Marijuana, Inc. subsidiary, Kannaway, LLC. 
The MFINITY product line features Muscadine, a powerful antioxidant that provides many wellness benefits. MFINITY products will be marketed and sold exclusively under the Kannaway brand and are now available for sale through Kannaway independent distributors and on Kannaway.com.
The MFINITY sales force, known otherwise as Brand Ambassadors, will become Kannaway Brand Ambassadors, and will immediately have access to market and sell the world’s leading non-psychoactive, cannabis-based products.
The asset purchase aligns with Medical Marijuana Inc.’s newly implemented growth model of expansion via acquisition. The addition of newly appointed Kannaway President, Bill Andreoli, further positions the Company to pursue this strategy given Mr. Andreoli’s success in completing over a dozen acquisitions throughout his career.
Medical Marijuana Inc.’s in-house manufacturing and distribution capabilities enable the company to easily add formulations and

Read more...

Hot Business News Today

Amare Global Acquires Kyäni

by  •  • 0 Comments

Amare Continues Momentum and Expands Global Footprint with Strategic Partnership
Amare Global, The Mental Wellness Company, announced today the acquisition of Kyäni, Inc., a globally recognized and respected pioneer in health and wellness with business operations in over 50 countries.
Through this acquisition, Amare begins a strategic partnership with Kyäni to further expand global reach after tripling partner growth and doubling revenue and customer growth this year, despite global economic challenges.
Jared Turner, CEO Amare Global stated:
“This has been a year of transformative growth and momentum at Amare, and we could not ask for a better partner than Kyäni to help propel our global vision to share the benefits of mental wellness.
We are prepared to take this next step as a company to accelerate global expansion and build a foundation of empowerment, wellbeing, and opportunity for as many people as possible. Many thanks to our passionate employees, Brand Partners and customers who’ve helped us reach this milestone.”
Founded in 2018 by successful entrepreneur Hiep Tran, Amare Global focuses on creating products that support mental wellness through the gut-brain-axis.
Hiep’s vision of creating a company focused on mental wellness stems from his own journey in health and wellness after experiencing extreme burnout in the business world. This

Read more...

Hot Business News Today

BestLife Worldwide Creates A Strategic Alliance With DECENTRA

by  •  • 0 Comments

Steve Moretta, CEO of BestLife Worldwide, is now a legend in the network marketing industry with 30 years of experience. He founded his own health and wellness company, Best Life, 14 years ago.
Best Life and Decentra will join forces in a strategic alliance that will enable Best Life members to also benefit from Decentra’s digital services.
Steve Moretta started out very young, when he was just 17 years old. All the experience he lacked, he received it in the following years the hard way.
“I learned in the school of hard knocks. I was in two companies: in the first one, I did very badly, but I learned a lot about the fundamentals and the necessary disciplines; in the second one, I achieved the highest rank in record time with an organisation in more than 22 countries and more than 30,000 members in my network.
The American dream became a reality for me because of this industry”.
Another lesson was learned when Steve lost his wallet in a taxi while attending a convention outside his home country: he found himself selling retail products door-to-door and on the street in order to pay for a hotel, food for several days and a ticket home.

Read more...

Hot Business News Today

DreamTrips International Acquires TRVL

by  •  • 0 Comments

DreamTrips International has acquired TRVL Ventures, a Georgia-based luxury travel MLM company. The announcement came Saturday, June 4, 2022.
DreamTrips International CEO Mark Smith says,
“The magic of this is the synergy of the deal. Sometimes there’s a perfect storm where environments exist where people can come together.”
TRVL was founded by Spencer Iverson, Jonathan Green, and Mark Sterling, who possess a long lineage with travel MLMs. They launched TRVL with a vision to develop a luxury lifestyle travel club and global brand with high-end appeal that catered to the masses.
They are now bringing their travel MLM expertise to DreamTrips International’s Advisory Council and working directly with Mark and Tammy Smith on the Advisory Council to grow DreamTrips International.
The acquisition of TRVL, a system-driven and training focused company, strategically advances DreamTrips International’s much anticipated July launch.
The deal gives TRVL sales representatives and customers access to the MLM industry’s largest collection of personalized travel experiences around the world known as “DreamTrips”, as well as DreamTrips International’s travel agency and global network of experienced hosts.
In addition, DreamTrips International’s well-seasoned, global travel platform instantly offers customers dozens of expanded travel options, as well as the opportunity for global business growth.
From left to right: Mark Sterling, Spencer

Read more...

Hot Business News Today

LG Household Buys Avon Japan For $96 Million

by  •  • 0 Comments

South Korea’s LG Household & Health Care will purchase Tokyo-based cosmetics seller Avon Products for 10.5 billion yen ($96.3 million), marking its fourth acquisition in Japan.
Avon Japan, an offshoot of the American direct sales beauty company, will become a wholly owned subsidiary of LG Household under plans announced on Tuesday. The LG group’s health and beauty arm is expanding its distribution network in the still-vibrant Japanese cosmetics market.
LG Household’s first-quarter operating profit climbed 9% on the year to a record 283 billion won ($262 million) in results released on Tuesday. Sales for the three months ended March rose 7% to 1.65 trillion won.
Despite a slow recovery in Chinese tourists visiting South Korea, demand for high-end products was strong at home and abroad, the company said.
Avon Japan was sold to an affiliate of TPG Capital in 2010. Fellow U.S. investment firm Keystone Partners acquired it in 2016.
LG Household & Health Care is one of the largest household goods and cosmetics manufacturers in South Korea and ranks second in cosmetics in the country after AmorePacific Group. The company’s cosmetics sales via duty-free shops have increased steadily due to a growing number of visitors from abroad. In addition, it has recently been active in mergers and acquisitions

Read more...