Tag Archive for JRJR Networks

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JRJR Networks Files For Bankruptcy – Agel Website down

by Ted Nuyten • June 30, 2018 • 0 Comments

JRjr33, also known as CVSL and JRJR Networks, filed for Chapter 11 bankruptcy Friday in U.S. Bankruptcy Court for the Northern District of Texas.
In a previous article we already predicted that, as the company burned its cash.
JRJR Networks is a Dallas, Texas, USA based company and acquired in recent years 10 Network Marketing – Direct Selling companies:

Agel
Kleeneze (Out of Business)

Betterware (Out of Business)

Longaberger (Out of Business)

Tomboy Tools
Paperly (website is down)
Uppercase living (Out of Business)
Your Inspiration At Home (Out of Business)

Happenings
My Secret Kitchen (Out of Business)

It remains the be seen if the remaining companies go down, or if a few pearls can be saved from the mess the Rochon family created.
We noticed the www.agel.com website is down, former home of a lot of top leaders in the direct selling industry…

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Judge Orders Longaberger Parent Company JRJR Networks Into Court

by Ted Nuyten • May 27, 2018 • 0 Comments

Representatives of the parent company of Longaberger have been ordered to appear in a Columbus courtroom to show how they will pay more than $2 million.
The order was issued by Franklin County Common Pleas Court Judge Mark Serrott last week and orders John P. Rochon, John Rochon Jr. or other representatives from JRJR Networks, the parent company of Longaberger, to appear on June 8.
The order was in response to a motion by Tami Longaberger‘s attorneys seeking information on payment of more than $2 million she was determined to be owed earlier this year. More than $1.2 million of the money owed is for Longaberger’s salary, as well as an additional $608,000 in deferred salary.
Longaberger had sued to be reimbursed for a loan she had given prior to her resignation from the company in 2015. JRJR Networks, previously known as CVSL, had purchased a majority ownership of Longaberger in 2013.
In early May, Longaberger’s attorney had filed a motion requesting JRJR representatives appear in court to determine how they will pay the money owed. Serrott granted the motion and set a hearing for June 8. At the hearing, a representative for JRJR will have to discuss the payments, revenues, assets, bank accounts or other

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JRJR Networks Acquire Longaberger And Kleeneze And Both Are Out of Business?

by Ted Nuyten • May 6, 2018 • 0 Comments

According to below facts and figures, as a distributor of below remaining companies it seems you are not backed up by a financial strong parent company.
We would be not surprised if the whole company will go down. Be carefull….
JRJR has acquired companies on their way down, with many different cultures and tried to create one company. They burned their cash with that strategy.
Momentum is what you need in Direct Sales and that is what is mssing.
JRJR Networks is a Dallas, Texas, USA based company and acquired in recent years 10 Network Marketing – Direct Selling companies:

Agel
Kleeneze
Betterware
Longaberger
Tomboy Tools
Paperly
Uppercase living
Your Inspiration At Home
Happenings
My Secret Kitchen

Longaberger and Kleeneze are gone out of business in 2018, because of “Lack of Capital” leaving thousands of distributors in the dust.
JRJR Networks according to their website:
“JRJR Networks is a unique portfolio of direct-to-consumer brands, led by an experienced management team, engaged in a long-term process of acquiring brands in this sector and maximizing returns for shareholders.

We define direct-to-consumer as any business selling products or services through a fully- commissioned, independent sales force, straight to customers via relationship-based selling rather than through retail stores, supported by the power of Internet support tools such as individualized e-commerce web sites”.
In

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Longaberger – JRJR Networks In Trouble Sued By AT&T

by Ted Nuyten • August 29, 2016 • 0 Comments

Basket-maker Longaberger and its parent company, JRJR Networks, are under scrutiny from various quarters over unpaid phone bills and late financial filings.
And a potential source of revenue, its iconic basket-shaped headquarters in Newark, isn’t attracting much interest from potential buyers.
The latest issue to arise faces the parent company. Dallas-based JRJR Networks owns direct-sales firms including Longaberger.
Late Thursday, the publicly traded company announced it will file its quarterly earnings report late — again. It was also late in filing its annual report and and its first quarter report, too.
Issues like this can threaten the company’s ability to trade shares on the New York Stock Exchange.
“It doesn’t lend an aura of confidence,” said Eleanor Bloxham, a corporate-governance expert based in Westerville. A late filing “does happen, but it’s not usual.”
After its tardy

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JRJR Networks Q4 Revenue Up 40% To $47 Million

by Nicole Dunkley • July 2, 2016 • 0 Comments

JRjr33, Inc., doing business as JRJR Networks [NYSE MKT: JRJR] recently announced financial results for its fourth quarter of 2015.

We’re extremely pleased with the results of the fourth quarter and with the results of the full year 2015. We’re very much on track, we believe our strategy is working, and we feel great about the future for JRJR Networks. Based on our long years of years of experience in this sector, we believe the future has never been brighter for this company,” said John Rochon, Jr., founder and vice chairman.

“As we look ahead to the latter part of this year, it’s our expectation that by Q4, before subtracting M&A expenses, JRJR Networks will be generating cash operating EBITDA of 10-12%, which is within our target range.

“I’ve been in this sector for a

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Agel Names Gary Hasson Vice President International

by Ted Nuyten • May 24, 2016 • 0 Comments

Agel Enterprises announced today that Gary Hasson has been named the company’s Vice President of International. The announcement was made by Glen Jensen, Agel’s Group CEO. Agel is part of JRjr33 Inc., doing business as JRJR Networks.

“Gary’s return to Agel is deeply gratifying and represents another huge step forward for our company,” said Jensen.
“Gary was one of the first people I called when I started Agel in 2005, when I had the idea of suspension gel technology as a way to deliver nutritional products to the body.
Gary played an important role in the launching of Agel. Now, like me, he has come back to the Agel family to help guide it in a new era of growth,” Jensen added.
JRJR Networks announced on May 3 that Jensen had returned to Agel, the company

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John Rochon Jr. Named Finalist EY Entrepreneur Of The Year

by Ted Nuyten • May 10, 2016 • 0 Comments

Ernst and Young announced that John Rochon Jr., founder and vice chairman of JRJR Networks [NYSE MKT: JRJR], is a finalist for the EY Entrepreneur Of The Year® 2016 Southwest Award.
The awards program, which is celebrating its 30th year, recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Mr. Rochon was selected as a finalist by a panel of independent judges.
Award winners will be announced at a special gala event on Saturday, June 25 at the Hilton Anatole in Dallas.
“It’s a great honor to have been named a finalist for this very prestigious honor. I believe this shows that what we are accomplishing as a team at JRJR Networks is being noticed and valued,” said Mr. Rochon. “In