Tag Archive for Kleeneze

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

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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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Kleeneze Ceases Business 5,000 Distributors In Shock

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UK based Kleeneze Limited, which employs 71 people at its warehouse in Heywood has ceased to trade, and all positions are at risk.
The 95-year old direct sales organisation sells and distributes a wide range of household and beauty products through an active network of around 5,000 independent sales distributors.
Joint Administrator David Acland said: “Kleeneze has performed well over the years and has a strong network of independent sales distributors. Unfortunately, tough trading conditions have resulted in the business entering administration.
“The business has ceased to trade but we would urge any parties interested in acquiring the business to contact us as soon as possible.
In the meantime, we are assisting employees and stakeholders during this difficult period.”
Usdaw, the trade union for Kleeneze staff, is seeking urgent meetings with the administrators in a bid to protect members’ jobs at the Greater Manchester based business engaged in home shopping and direct selling of cleaning products, gifts and homeware.
Annette Bott – Usdaw Area Organisers says: “This is clearly a difficult and upsetting time for the 140-staff based in Accrington and Heywood. We are pressing the administrators to find a buyer for the company who will protect jobs and keep the business going.
In the meantime we are

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CVSL Acquires Betterware

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CVSL Inc.  has acquired 100% of Betterware Ltd., a United Kingdom-based direct-to-consumer company, making Betterware the tenth company to become part of CVSL and giving CVSL a commanding presence in the U.K. home shopping market.
CVSL’s Vice Chairman and Chief Financial Officer John Rochon Jr. noted that there are significant similarities between Betterware and Kleeneze, another well-known U.K. direct-to-consumer company, which CVSL acquired in March.

“These two famous brands and their sales networks will remain separate, while we expect major synergies in the operations of the two companies that we believe will yield efficiencies and improve profitability for both. The sales networks and customers of both companies should benefit.”
“With Kleeneze and Betterware side by side within CVSL, we have a powerful position in the U.K. home shopping market. With both of these two established consumer growth brands in

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CVSL 2014 Revenues Up at $108.8 Million

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CVSL Inc. [NYSE MKT: CVSL] has been recognized on two recent direct selling industry rankings.  Direct Selling News has named CVSL as #84 on the 2015 Global 100 list of the top revenue-generating direct selling companies in the world.  It also has ranked CVSL as #45 on the 2015 North America 50, which lists the top direct selling companies in North America.  
CVSL’s 2015 global ranking is 15 spots higher than last year, when CVSL ranked #99.
The 2015 ranking does not include CVSL’s most recent acquisition, Kleeneze, which joined CVSL after the rankings were calculated.  Kleeneze made the Global 100 list on its own, coming in at #100.

“For a company like CVSL that is only two years old, ranking #84 on the Direct Selling News Global 100 is an impressive distinction,” said CVSL Vice Chairman John Rochon, Jr. 

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CVSL Signs Agreement To Acquire Kleeneze

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CVSL Inc. announced today that it has signed an agreement to acquire Kleeneze, a United Kingdom-based direct-to-consumer company.  The consummation of the acquisition is subject to certain conditions, including approval by the New York Stock Exchange MKT.
Kleeneze is one of the U.K.’s longest-operating, largest and best-known direct-to-consumer businesses.  Founded in 1923, the company has grown into a community of more than 7,000 independent distributorships, offering a wide variety of several thousand cleaning, health, beauty, home, outdoor and other products to customers across the U.K. and Ireland.  Kleeneze is a founding member of the U.K. Direct Selling Association.
Under the terms of the agreement, CVSL will purchase 100% of the shares of Kleeneze from Findel PLC.  Both the CVSL and Findel boards have approved the terms.  It is anticipated that closing will take place by the end of the First Quarter.

“Kleeneze has an extensive product line, a nearly century-long heritage, a well-known brand and a robust presence throughout the U.K.  We believe Kleeneze will be an outstanding addition to our CVSL family of companies,” said John Rochon Jr., CVSL’s vice chairman and head of its investment committee.  “Kleeneze gives CVSL a very significant presence in the U.K. and represents an important step forward in CVSL’s international

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Kleeneze Loses Nearly A Quarter Of Sales After A Period Of Poor Service Levels

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Half-year results from Findel (FDL) told a tale of two parts. The Kleeneze marketing business lost nearly a quarter of sales as it struggled to win back customers following a period of poor service levels.
Luckily, a flexible cost base stemmed the bottom-line damage: divisional operating profit fell by just £1m, giving a £0.4m loss. Still, the dire result forced management to take a £19m impairment charge on the business, which explains the dramatic fall in reported earnings.
Excluding this charge, the group made a pre-tax profit of £1.5m, compared with losses the year before. Much of that was thanks to Express Gifts. This personalised shopping service enjoyed a 6 per cent increase in sales, boosting profits by almost a half to £4.8m, as efforts to improve the pricing and product range and trim costs paid off. Bad debt levels from credit customers also improved dramatically.
Elsewhere, tighter school budgets trimmed profits in the educational supplies division, but sports-merchandise retailer Kitbag enjoyed decent top-line growth and almost halved its losses to £1.5m. Importantly, Findel is exploring a sale, and several parties have expressed interest. Any proceeds would be used to cut debt, which fell by £15.8m to £116m, net of cash.
Oriel Securities expects adjusted

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