Utah (USA) based Jamberry Nails has ceased paying affiliates and shipping products. Over the past eight years, the company’s sales network has grown to more than 100,000 Independent Consultants.
The original owners sold a majority stake in Jamberry to outside investors a few years ago, according to Ryan Anderson, CEO of M.Network.
Ryan Anderson stated:
The Jamberry brand, products and consultants all have a home at the M.Network.
The consultants still have their same back offices, same websites, same product lines and can continue business as usual.
They haven’t missed a commission payment and they won’t either. The only difference is now they they will be incorporated under the M.Network.
Nail products maker Jamberry named in October 2016 Elizabeth Thibaudeau as its new CEO.
Thibaudeau succeeded Adam Hepworth, who has led the company from its inception. Hepworth’s wife, Christy, co-founded Jamberry in 2010 with her two sisters, Lyndsey Ekstrom and Keri Evans.
Jamberry is known for its do-it-yourself nail wraps, which are applied using a heat and pressure technique. In addition to offering a wide range of original designs, the company has worked with the likes of Disney and the NFL to introduce special themed collections.
Jamberry expanded into Mexico, adding to operations in the U.S., Canada, Puerto Rico, Australia and New Zealand, and the United Kingdom.
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Tag Archive for Out Of Business
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Jamberry Nails Out Of Business – Thousands Of Reps In Shock
by Ted Nuyten • • 0 Comments
Utah (USA) based Jamberry Nails has ceased paying affiliates and shipping products. Over the past eight years, the company’s sales network has grown to more than 100,000 Independent Consultants.
The company stated in an email to consultants:
“We’re so grateful to each of you for your patience during this transitional time for Jamberry.
We regret to inform you that any product, gift cards, swag, marketing or event purchases made prior to 11:59 p.m. MT on June 28, 2018, are ineligible for refund from Jamberry.”
Nail products maker Jamberry named in October 2016 Elizabeth Thibaudeau as its new CEO.
Thibaudeau succeeded Adam Hepworth, who has led the company from its inception. Hepworth’s wife, Christy, co-founded Jamberry in 2010 with her two sisters, Lyndsey Ekstrom and Keri Evans.
Jamberry is known for its do-it-yourself nail wraps, which are applied using a heat and pressure technique. In addition to offering a wide range of original designs, the company has worked with the likes of Disney and the NFL to introduce special themed collections.
Jamberry expanded into Mexico, adding to operations in the U.S., Canada, Puerto Rico, Australia and New Zealand, and the United Kingdom.
“I am passionate about the direct selling channel and believe in the power of social selling,” said Thibaudeau when she started
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JRJR Networks Files For Bankruptcy – Agel Website down
by Ted Nuyten • • 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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JRJR Networks Acquire Longaberger And Kleeneze And Both Are Out of Business?
by Ted Nuyten • • 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 Out Of Business, Thousands Of Consultants Desperate
by Ted Nuyten • • 0 Comments
According to a TV Station based in Colombus, Ohio, USA, Longaberger has gone out of the Direct Sales business.
Tami Longaberger, who led The Longaberger Co., a direct seller of home and lifestyle products, since her father died in 1999, resigned as chief executive officer and director of the company in 2015, followed by a lawsuit.
Longaberger parent company CVSL announced in 2015 that John Rochon Jr., vice chairman of CVSL and son of the CVSL chairman, took over as Longaberger chairman, president and CEO.
The company Dave Longaberger founded in 1973 became a $1 billion business in 2000, when it employed more than 8,200 people.
Tami Longaberger became president of the company in 1994, while her father remained as chairman. She took more of a leadership role as her father battled kidney cancer in his final years.
The Ohio, USA based company has struggled for more than a decade, with sales plummeting to roughly $100 million annually and employment dwindling to 230 employees, including 68 at its Newark corporate office, which had 500 employees shortly after it opened in 1998.
The local newsagency reports:
“A local American treasure has gone out of business, shutting down after decades of making hand-made baskets.
The Longaberger Company, a name known
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Stemtech Teams Up With New Investment Partners
by Ted Nuyten • • 0 Comments
According to a press release:
The Stemtech global family of companies have officially joined forces with a synergistic group of experienced businessmen who will add significant value to the team in the areas of finance, product development and global strategic planning.
Ray Carter, a Director of many of the Stemtech sister companies around the world, views this as a major positive milestone for Stemtech.
“Today Stemtech has restructured its ownership to take the business to new heights.
After several unforeseen challenges over the past few years, we are ready to refocus on growth to fulfill our important mission to the world”,
Carter stated.
Stemtech’s global family of companies earned a place on Inc Magazine’s List of Fastest Growing Private Companies an impressive four times (2010, 2013-2015) and is poised to regain momentum after also launching advanced formulas of its unique products over the past year.
About Stemtech
Originally founded in 2005, Stemtech has pioneered a new category of dietary supplement – stem cell nutrition, which has changed the landscape of health and wellness forever. Stemtech’s one-of-a-kind natural products are designed to support the body’s renewal system of adult stem cells.
For more information, please visit http://www.stemtech.com
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Kleeneze Ceases Business 5,000 Distributors In Shock
by Ted Nuyten • • 0 Comments
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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Avon Closes Down In Australia And New Zealand After 50 years 21,000 Reps In Shock
by Ted Nuyten • • 0 Comments
In a statement, the company confirmed Avon would close its operations in Australia and New Zealand by the end of the year, leaving the company’s 220 staff and more than 21,400 representatives facing an uncertain future.
The statement read:
“As part of the company’s strategy to return Avon to long-term sustainable profitable growth, the focus will be on markets with the greatest potential for future growth to support its vision of becoming the world’s leading social beauty company.
“In line with this, after a thorough deliberation on our performance, the direct selling conditions in the market, and potential for growth, we have considered all options for the business and it is with much sadness that we are announcing our decision to exit the Australia and New Zealand markets.”
Current and former Avon reps have bombarded the Avon Facebook page with messages of disapproval.
Avon ANZ president and managing director Sharon Plant said it was a “sad day” for the company’s employees and representatives.
“As a management team our commitment and focus over the coming days, weeks and months is to support our people and the wider Avon community who are impacted by this decision,” she said.
“I would like to thank all the employees, representatives and customers
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Empower Network Files For Bankruptcy
by Ted Nuyten • • 0 Comments
In a Facebook Video Founder David Wood announced, Empower Network has filed for Bankruptcy. The company who in the past
Grown from $1.5 million a month, to $1.5 million a week in sales.
Grown from around 50,000 customers, to over 197,000 customers.
Grown from 5 employees, to over 105 employees.
Got down from $7 million per month to $300,000 per month.
Once the home of top leaders as Lawrence Tan, Shaqir Hussyin, Vick Strizheus, Justin Verrengia, Tracey Walker, Chuck and Christie Marshall, Aaron and Sophia Rashkin, Kevin Knecht, Tissa Godavitarne and many others.
Empower Network hosts one of the largest blogging communities and publishing platforms online in addition to providing educational training products and services to online marketers and start-up, home-based and small businesses. Empower Network offers a program through which affiliates can earn commissions off the sales of Empower Network products.
Headquartered in St. Petersburg, Fla., David Wood and David Sharpe founded Empower Network in 2011 to empower small-business owners to make money online without dealing with the technical, marketing, payroll and overhead challenges that frustrate many entrepreneurs and small-business owners.
Empower Network’s signature product is a viral blogging system geared toward helping its 30,000 affiliates and 70,000 members use the Internet to grow their
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ForeverGreen – FgXpress Substantial Doubt To Continue As A Company
by Ted Nuyten • • 0 Comments
In an in-depth report, Duane Bair, research Analyst of Seeking Alpha, a not-so-friendly website for Network marketing companies, points out that ForeverGreen is running out of capital:
Duane Bair:
Almost half of the company’s members left in 2016 (45.5%), marking the worst year for member retention in recent company history.
With an accumulated deficit of $42.7 million and less than $200,000 of cash on the balance sheet, the company is quickly careening toward complete insolvency.
This year (2017), the company has $1.7 million of debt coming due. Operating cash flow is negative, the balance sheet has $187,000, and the company has been unable to get financing through traditional lenders.
It should not come as a shock that management has finally disclosed that there is substantial doubt regarding their ability to continue as a going concern.
“Through a series of