Cerberus Capital Management LP is nearing a deal to buy 80% of Avon Products Inc.’s North American business and take a nearly 17% stake in the famed cosmetics company, according to people familiar with the matter.
The private-equity firm will pay $170 million for the majority stake in Avon’s ailing North American business, and an additional $435 million for the stake in the parent, which had a market value of $1.8 billion as of Wednesday’s close, the people said. A deal could be announced as soon as Thursday, though it could fall apart at the last minute, the people cautioned.
As part of the agreement, Cerberus will take three seats on Avon’s board of directors, and the company will name two new independent directors, the people familiar with the matter said. A new Avon
Tag Archive for business for home
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Modere Appoints Vic Catalfamo As Chief Marketing Officer
by Ted Nuyten • • 0 Comments
Modere (www.modere.com), the first social retailer to create a safe and forward-thinking approach to overall wellness, today announced the appointment of Vic Catalfamo as Chief Marketing Officer.
Mr. Catalfamo is a seasoned executive, leveraging more than 24 years of experience in pioneering digital marketing strategies for consumer products at Proctor & Gamble. Throughout his career, Mr. Catalfamo has produced a track record of innovation, having secured 24 global patents.
Mr. Catalfamo was most recently responsible for designing and executing strategic partnerships and advanced media solutions as the SVP of Global Strategic Media at Viant. At Modere, Mr. Catalfamo succeeds Bob Finigan, who will transition to the newly created role of Chief Brand Officer.
Vic Catalfamo remarked,
“I’m excited and honored to join the Modere team at the new Newport Beach office to help continue
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Meet Sherri And Justin Title – Ambit Energy Top Earners
by Ted Nuyten • • 0 Comments
Justin and Sherri Title are members of the Ambit Millionaire Club and have earned millions of dollars. They were heavily involved with their careers before being introduced to Ambit. Justin’s background was marketing and finance, and Sherri was a paralegal for an international law firm.
Finally, the magic formula they had dreamed about arrived. The vehicle to create unlimited residual income, offering a service that everyone already uses at a price which is less than they currently pay.
Today Justin and Sherri work together building a business that has created a significant residual income. Sherri is retired from the legal profession and their success provides the finances and time freedom to travel extensively and they have recently completed building a beautiful custom home in Dallas.
With their new home completed they are looking forward
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Herbalife Hires Tod Gimbel For APAC Public Affairs
by Ramya Chandrasekaran • • 0 Comments
Global nutrition company Herbalife has tapped Tod Gimbel to lead government affairs in Asia-Pacific.
Gimbel, who took on the position of VP of Asia-Pacific government affairs at the start of this month, joins Herbalife from public policy firm Landmark Asia, where he has been MD since 2013.
Gimbel returns to the client side after previously holding senior Asia-Pacific corporate affairs roles at Citi, Levi Strauss and Kraft Foods. Before moving to Asia in 2006, Gimbel worked at Altria.
His arrival at Herbalife comes after the nutrition company expanded its global corporate affairs function earlier this year in Los Angeles. Ric Hobby relocated from Australia to become SVP global government relations; Megan Jordan was named SVP for global corporate communications, and Randall Popelka appointed VP of government and industry affairs..
Gimbel, who remains based in Singapore, will be responsible for
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Yanbal CEO Explains 3 Aspects To Globalize A Business
by Ramya Chandrasekaran • • 0 Comments
Janine Belmont, chief executive of Peruvian direct selling and cosmetics giant Yanbal International explained the three most important factors a Peruvian business needs in its journey to become a global business while speaking at a panel at CADE 2015, a business forum for the main representatives of Peruvian businesses. Yanbal has a track record of more than 40 years in Peru and a presence in 10 countries globally.
1. Products and relevant business model
“It is critical to have products of the highest quality. And for this we must work with the best materials and the best local and international suppliers.” She said.
To have world-class products it is essential to have a significant investment in research and development. “A Peruvian company that wants to be competitive must invest in innovation through research and development,” she
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Italian Direct Sales Grows 16.17% In 9 Months
by Ramya Chandrasekaran • • 0 Comments
Italian direct selling association AVEDISCO has announced that its member companies have generated more than 418 million Euros in sales in the first nine months of 2015. This shows a growth of 16.17% from the same period last year.
AVEDISCO believes that its members have contributed significantly towards combating the economic crisis by providing 151,265 individuals during this period with opportunities to become self-employed by becoming sales representatives of consumer products and services.
The ‘Clothing and Textiles’ segment recorded the most substantial growth compared to all other sectors with an increase of almost 30%, followed by “Food – Nutritional” that reached sales of 309 million euro, an increase of nearly 20% from the previous year. ‘Services’ and ‘Home and Durable Goods’ improved by more than 16% and 11% respectively. The positive trend continued in the
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EDC Sales Soar To $47 Million
by Ramya Chandrasekaran • • 0 Comments
For the six-month period ended Aug. 31, 2015, revenue at Educational Development Corp., which sells children’s books under the Kane Miller and Usborne imprints, jumped to $22.2 million, up 59% compared to the same period in 2014, and net income soared by over 300%, to $969,000. Sparked by those figures, EDC’s stock price rose from $4.69 per share on June 1 to $14.48 on December 10, more than a 200% gain. And for the first nine months of the current fiscal year (March through November), Randall White, chairman, president, and CEO of EDC, estimated that revenue was about $47 million—far higher than the $32 million in sales the company generated for the fiscal year ended Feb. 28, 2015.
Before business took off earlier this year, a good day’s worth of orders was $1,500,
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Network Marketing Wasn’t Designed To Get You To $100,000 A year In 2 To 5 Months
by Ted Nuyten • • 0 Comments
Robert Blackman is a full time Networker, author, trainer and consultant to the MLM industry. He is been in the MLM industry for 25+ years and has successfully made money in every MLM program that he is applied his MLM Big Money techniques with.
An excerpt from his new book: “The Part-Timers Guide to Network Marketing”.
“…Its not controversial at all to say that most people (especially successful full time Network Marketers) get this business wrong. Network Marketing or MLM wasn’t designed to get you to $100,000 a year in 2 to 5 months.
It was designed to take 2 to 5 years, or even more. The confusion in today’s marketplace comes from those SELECT unduplicatable few who can do it in a few months. Who are these people?
They are:
Leaders who have already spent years
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The Success Story Of Vorwerk’s Thermomix
by Ramya Chandrasekaran • • 0 Comments
Germany’s Waz newspaper explores the Thermomix success story and tries to understand what makes this food processor so successful.
Thermomix by Vorwerk is an incredible German success story. In addition to a food processor, the customer also gets a piece of security with him.
“Madness!” “Incredible!” Whoever attends a presentation of the Thermomix inevitably feels transported back to the time of the economic miracle when arduous, long daily tasks could suddenly be completed in a few simple steps. A time when the vacuum cleaner or blender looked like small miracles. Some sociologists say that machines played a significant role in the women’s empowerment movement. Listening to all this talk about the Thermomix you would think future scientists would award it a similarly important role in history.
The Thermomix can heat, mix, knead, beat, steam and
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Juha Parhiala – OneCoin Achieves $1,5 Million Per Month In Earnings
by Ted Nuyten • • 0 Comments
Juha Parhiala has hit the $1,5 million per month mark with his OneCoin distributorship which makes him the Nr. 1 Top Earner in the world according to the Business For Home Top Earners Ranks. In November he achieved $1 Million per month.
Juha is from Finland and resides in Thailand since many years. His worldwide organisation has $50+ million volume per week and OneCoin has worldwide 750,000+ members.
Remarkable, as digital currency MLM OneCoin has started in September 2014, the company is headquartered in Europe with worldwide operations.
Asia is Onecoin’s stronghold, however the company is expanding quickly in Europe thanks to the merger with Conligus in April 2015, who had a massive base there. The Steinkeller brothers, the founders of Conligus are at the $900,000 per month mark.
About OnceCoin
OneCoin is headquartered in Europe with