Tag Archive for Isagenix

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Isagenix Continues Strategic Transformation

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Enabled by New Ownership Structure and Reaffirmed Purpose
 The Company is positioned for sustainable growth, underscored by its new executive leadership team, science-backed products, and continued commitment to quality and innovation.
Isagenix International (“Isagenix” or “the Company”), a leader in providing nutrition solutions for weight loss, performance, and healthy aging, has entered a new chapter in its strategic transformation, positioning the legacy business for sustained growth in the health and wellness sector. With new strategic pillars in place, Isagenix expects to unlock a new era of growth by investing in products, talent and key business partners.
Isagenix’s Chief Executive Officer Sharron Walsh said,

“When we finalized our organizational and financial restructuring a year ago, we knew the process would yield powerful benefits for our business from the inside out, and we were right. The synergy between our new board and the leadership team is stronger than ever.
Our efforts have paved the way for Isagenix to create innovations beyond what was previously possible and confidently guide communities toward improved health and wellbeing.”

The new Isagenix Board of Directors is comprised of industry leaders with extensive experience across the financial, legal, product development, and marketing sectors, providing Isagenix with strategic direction and holistic guidance.
Isagenix is also

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Isagenix Ranked as A+ Opportunity For 2024

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This review aims to dissect the company, objectively and analytically, without promising an endorsement or promoting their business model. Isagenix was close to a worldwide revenue of $1 billion in 2017, and back to estimated $400 million in 2022.
This article is written by Team Business For Home and is fact checked by Ted Nuyten – CEO of Business For Home. We are looking in this review through the eyes of professional network marketers possibly interested in the Isagenix opportunity.

“For this publication and review we talked with Top Earners, former distributors, and former employees however it seems corporate executives are not willing to share any information, keeping unfortunately Fear, Uncertainty and Doubt (The FUD factor) alive.

Isagenix, has made headlines due to a series of notable corporate decisions. First is their unexpected choice not to renew Jay Bennett’s contract, a decision that sparked a flurry of industry buzz. Jay Bennett was a top earner and the “Golden Boy” in Isagenix and earned a total of more than $22 million dollars from Isagenix. He joined the company back in 2002.
Reports did not go into the specific details regarding this unusual move. Perhaps more significantly, Isagenix has undergone a transition to new ownership; it went through a

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Isagenix Elect Not To Renew An Associate Contract?

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Jay Bennett is / was a top earner and the “Golden Boy” in Isagenix and earned a total of more than $22 million dollars from Isagenix. He joined the company back in 2002.
This year Isagenix completed a recapitalisation transaction and a transition to new ownership, as the company was closed to bankruptcy.
As of May 2023, Bennett and his family own five income positions within Isagenix’s MLM opportunity. Jay Bennett has sued Isagenix over what he refers to as “The False MLM Promise”.
From an “independent” distributor point of view this is an interesting case. Can I company just throw you out?
Recently the termination policy for all Isagenix distributors was changed to:
“Isagenix may, at its reasonable discretion, elect not to renew your Associate Contract. Isagenix will notify you of its intent not to renew on or before the anniversary of your enrollment.”
Bennett and his family refused to agree with above policy and stated:
“Once an Associate works hard to achieve a high rank with the corresponding residual income, Isagenix will confiscate that income for its own pecuniary benefit.
Worse, since Isagenix cuts off the Associates income, the Associate is left without any funds to assert his or her rights, and this is what Isagenix

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Isagenix Completes Recapitalization Transaction And Transition To New Ownership

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Isagenix International (“Isagenix” or “the Company”), a leader in providing nutrition solutions for weight loss, performance, and healthy aging, is pleased to announce the completion of its recapitalization process in accordance with the terms of the Restructuring Support Agreement (“RSA”) it reached on February 27, 2023.
With the support of an Ad Hoc Group of the Company’s investors, Isagenix is now positioned to operate with a stronger financial structure, reduced debt, and additional resources, having eliminated approximately $130 million in senior secured debt and approximately $40 million of unsecured debt.
The Company has also transitioned majority ownership to a group of its investors, including

Arbour Lane Capital Management LP (“ALCM”),
Cerberus Capital Management, L.P. (“Cerberus”),
Crescent Capital Group (“Crescent”), and
Summit House Capital Management LLC (“Summit House”).

Isagenix co-founders Jim and Kathy Coover maintain minority ownership as they continue supporting the go-forward business strategy as evidenced by their contribution of $95 million in value, through the combination of newly contributed cash and their forgiveness of debt.
Pursuant to the terms of the RSA, the Company and its advisors will be forming and announcing a new Board of Directors in the coming weeks as it continues implementing the new ownership structure. The renewed Isagenix team will drive investments in innovation, digital solutions and overall wellbeing while operating with

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Isagenix Will Transition Majority Ownership To Investors

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Will transition majority ownership to marquee group of investors, eliminating debt and significantly increasing the Company’s ability to invest and grow.

Continued financial support from Coover family, who will maintain minority ownership.

Isagenix International (“Isagenix” or “the Company”), a leader in providing nutrition solutions for weight loss, performance, and healthy aging, announced today that it has reached a definitive agreement with an ad hoc group of the Company’s investors to secure the long term future of the business.
This agreement, also known as a Restructuring Support Agreement or “RSA,” marks the positive culmination of discussions between the Company and its key financial stakeholders to recapitalize and support the business, eliminating approximately $130 million in senior secured debt.
Under the terms of the RSA, the Company’s investors will take a controlling stake in the business.
The RSA also contemplates a contribution from Isagenix founders Jim and Kathy Coover, of $95 million of value through the combination of new contributed cash and the forgiveness of debt, marking their continued support for the strategy, vision, and new chapter of the Company.
Their contribution, along with an effective $130 million dollar investment via debt reduction from secured lenders, provides Isagenix with a substantial improvement in its capital position that

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Moody’s Downgrade Isagenix – Outlook Is Negative

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“Isagenix’s cash on hand of $19 million as of June 2022 is insufficient to repay the $29 million of revolver borrowings and term loan amortization of $18.8 million over the next 12 months”
“Isagenix’s governance risk is negative and reflects an aggressive financial policy as evidenced by high financial leverage, unsustainable capital structure and continued deterioration of operations.”
According to a short Isagenix press release:
Isagenix International (“Isagenix” or “the Company”), a leader in providing nutrition solutions for weight loss, performance, and healthy aging, announced today that it has entered into a forbearance agreement with an ad hoc group of the Company’s secured lenders.
This forbearance agreement is an important first step as the Company works toward a holistic solution for its secured debt on terms that will ensure Isagenix’s continued market leadership and long-term growth. Isagenix is focused on operating business as usual — both during the forbearance period and well into the future.
“We are excited to have the enthusiastic support and continued partnership of our investors as we look ahead to the future and longevity of Isagenix,”
said Isagenix Chief Executive Officer Sharron Walsh.
“We are collaborating to create a stronger financial foundation for our business, which will further enable us to invest in

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Isagenix Named One Of Arizona’s Most Admired Companies

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Isagenix International, a global health and wellness company providing nutrition and lifestyle solutions, has been selected as one of the 2018 Arizona’s Most Admired Companies by Arizona Business Magazine. There were 187 entries for the award this year, the most in its history. Isagenix was one of 55 honorees.
Arizona’s Most Admired Companies were chosen based on performance in five areas: workplace culture, leadership excellence, corporate and social responsibility, customer opinion, and innovation.
“This is the most comprehensive corporate awards program in Arizona, and due to the breadth of the areas it examines, companies who are selected join a prestigious group of employers in Arizona,” said Denise Gredler, founder and CEO of BestCompaniesAZ and co-founder of the Most Admired Companies program. “This program recognizes the wonderful contributions and impact these most admired companies bring to the state.”
Isagenix Chief Executive Officer Travis Ogden said the company is honored to receive the award.
“We strive for excellence in every area of the business, and our reputation as an exceptional health and wellness company and employer is important to us, so I’m thrilled Isagenix was named one of Arizona’s Most Admired Companies,” he said. “We thank Arizona Business Magazine and BestCompaniesAZ for this honor and congratulate all

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Isagenix Legacy Foundation Raises $2.3 Million At Global Celebration Event

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Thanks to the generosity of Isagenix and the company’s independent distributors, customers, and employees, the newly established Isagenix Legacy Foundation raised $2.3 million during its first 24 hours of fundraising, exceeding the $2 million goal.
100 percent of the donations will fund grants to nonprofit organizations that further the Foundation’s mission to provide healthy nutrition for underserved children, wellness education for all, and aid for those affected by natural disasters.
“Jim and I are so moved by how the Isagenix family has embraced the Foundation,” said Kathy Coover, Isagenix co-founder and executive vice president. “Our company and those connected to it have a long history of contribution, so we knew we would see a positive response, but people have truly gone above and beyond. Together, we will demonstrate the power of collective impact to leave an enduring legacy in communities around the world.”
That collective impact was clearly demonstrated during the Foundation’s Aug. 6 launch at the Isagenix Global Celebration 2018 event in Nashville, Tennessee. While onstage, the Coovers pledged to match every dollar raised for the Foundation during the first 24 hours of fundraising, up to $1 million. Due to the impressive response, the Coovers are donating $1 million.
“Kathy and I are

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Isagenix Planning To Expand To South Korea

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Isagenix, which launched in 2002, sells products directly to consumers through independent sales consultants.
The global wellness company began offering products in Spain at the end of June after adding Belgium to the mix earlier this year. Isagenix manages its European operations out of its London office.
Isagenix has been looking to further penetrate Europe since launching successful sales networks in the U.K, Ireland and the Netherlands, according to the company.
Last year, the company’s revenue was nearly $1 billion, according to Megan Dean, a spokeswoman for company. It’s edging close to competitors such as Weight Watchers, which reported revenue of $1.31 billion for fiscal year 2017, according to MarketWatch.
“We look forward to seeing the people in these great countries embrace our high-quality nutritional products and solutions as well as the opportunity to build a world-class business by sharing Isagenix with others,” Jonas Hedberg, Europe regional manager for Isagenix, said in a statement.
The company’s expansion in Spain and Belgium will initially focus on the sale of weight management and performance products such as the 30-Day Weight Loss System.
Overall, the company has racked up $6 billion in cumulative global sales since it launched. The company has 750 employees at its USA headquarters.
“We continue to

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Isagenix Expands To Spain And Belgium

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Isagenix International, a global health and wellness company providing nutrition and lifestyle solutions, is continuing its European expansion with market launches in Spain and Belgium.
Isagenix entered Spain June 25 and Belgium April 23. The company manages both markets from its European headquarters in London, England.
“It has been a goal of ours to build on our successful launches in the U.K., Ireland, and the Netherlands by expanding further into Europe, so we are excited to bring our offerings to Belgium and Spain,”
said Jonas Hedberg, Isagenix regional general manager, Europe.
“We look forward to seeing the people in these great countries embrace our high-quality nutritional products and solutions as well as the opportunity to build a world-class business by sharing Isagenix with others.”
The two new markets focus on weight management and energy and performance and offer some of the company’s most well-known products. Featured products include the popular 30-Day Weight Loss System, IsaLean™ Shake, e-Shot™, and Nourish for Life™.
Isagenix entered Europe in 2017 by offering its products and solutions in the U.K., marking its most successful market entry in company history.
The company launched in Ireland and the Netherlands soon after. With the addition of Belgium and Spain, Isagenix is now established in

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