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
Tag Archive for Out Of Business
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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
Hot Business News Today
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
Hot Business News Today
Maelle Beauty Out Of Business – Younique Products Sued The Company
by Ted Nuyten • • 0 Comments
7,000 Maelle Beauty distributors (mentors) are in shock, due to a legal dispute with Younique products, the company has to cease business for 5 months.
Maelle Beauty was founded by Chris Welch former VP of International Marketing for Younique, and Ros Simmons, former CEO of Virgin Cosmetics & former Product manager for The Body Shop.
Yesterday the company (Chris Welch) send out the next message:
“Dear Maelle Mentors,
Since our interception, we have experienced incredible success. In less than a year, we have built a brand we love, grown to more than 7,000 strong in five countries and brought over 20 innovative, high-quality products to the market. All of this provided you, our Mentors – the lifeblood of our business – with a compelling platform to build incredible teams, establish lifelong friendships, and create lasting success.
Hot Business News Today
Stemtech International Files For Bankruptcy – Thousands Of Distributors in Shock
by Ted Nuyten • • 0 Comments
Stemtech International, is an USA based network marketing company and offers “innovation, wellness and prosperity” in the global marketplace with a patented and patent-protected line of all-natural nutritional products that can be purchased only from Independent Business Partners.
In 2015 the company had a revenue of $52 million in 2016 $43 million.
This month Stemtech’s CEO and founder Ray Carter has filed for Chapter 11 bankruptcy, leaving thousands of distributors in the dust.
According to Stemtech reasons for the bankruptcy is a long lasting and lost lawsuit against Andrew Paul Leonard a photographer of stem cells, as a lawsuit against a supplier of raw materials Cerule. Total amount creditors is approx. $5 million.
In August 2015 Inc. Magazine has included Stemtech International Inc. on its List of the Fastest-Growing Private Companies in America for the third consecutive year. Stemtech
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Yevo Closes It’s Network Marketing Operations
by Ted Nuyten • • 0 Comments
Yevo, based in Utah, USA – a B classified company by Business For Home was launced in February 2015, co-founder and master distributor was Jason Domingo.
According to a corporate message:
“After careful consideration, Yevo will be winding down its network marketing business and, ultimately, its remaining operations.
We expect that, within the next 6 months, Nutrient Foods, the inventor and licensor of our products, will continue to fulfill your auto ship orders, and will launch a direct to consumer company with new packaging, a new name, and with products that are available for anyone to purchase through a new website.
During this transition period, if you are currently on monthly auto-ship, we will continue to send you your order. To change or to cancel your order, just log into your account (or create a new account
Hot Business News Today
5 Star Signals Out Of Business
by Ted Nuyten • • 0 Comments
5 Star Signals – a B classified company by Business For Home – provided Forex Education for newbies and seasoned traders, as well as Passive Forex, managed accounts, with a direct selling compansation plan.
The company was headed by co-founder and CEO Mariska van de Langenberg and Dean Black.
B Classified means “Business For Home concludes that the current information about the company is insufficient to assess the balance of benefits. Information is lacking, of poor quality, or conflicting, and the balance of benefits cannot be determined.”
Dean Black was the 5 Star Signals head analyst and Mariska van de Langenberg claims over $180,000 in commissions owed to 5 Star Signals affiliates is lost by Dean Black:
Mariska van de Langenberg:
In the past months over $180k in commissions have been generated and all of
Hot Business News Today
ViVi Jewelry Formerly Cookie Lee Filed For Bankruptcy
by Ted Nuyten • • 0 Comments
Without a warning or a message from corporate, ViVI Jewelry has filed for bankruptcy. In the past, top consultants have earned more than $1 million in sales.
It is one of reasons why we have published our Business For Home App as distributor you need to be well informed; ViVi jewelry had a B rating….
In April 2014, founder Debra Lin sold the company to industry veteran Debbie Millar.
According to a message from ViVi Jewelry leader Merry McCallum:
“Friends and jewelry fans, it is with a heavy heart that I share the news that ViVi Jewelry filed for bankruptcy today. I did not know this was coming, so it was shock to me as much if not more than it is for you.
I have loved this business for the last 8 years and have loved
Hot Business News Today
Boresha International Closes Down
by Ted Nuyten • • 0 Comments
Founded in 2007, Boresha is headquartered in Walnut Creek, California. Through its partner companies Boresha manufactures, distributes and sells a line of weight management beverages and associated health and wellness products.
The business is primarily marketed through a Multi-Level-Marketing (MLM) distribution model supported by 29,000 U.S.-based distributors with an expansion market with significant international opportunities.
According to a message on the corporate website:
Dear Shareholders, Distributors, Customers, Affiliates, and Staff,
I wish to thank everyone for the trust and confidence that you have placed in me and my team for the last nine years that Boresha has conducted business.
I have been extremely fortunate to have known you and worked with you. Boresha has manifested excellence in many lives on many levels, and for that I am very well pleased.
I wish to extend
Hot Business News Today
Silpada Design Jewelry Shutting Down
by Ted Nuyten • • 0 Comments
Three years after buying back its company from Avon, a Silpada Designs says the Lenexa family-owned business is beginning the process of closing down.
Silpada Designs was founded by Jerry and Bonnie Kelly and Teresa Walsh. It began as a home party jewelry business but quickly expanded far beyond Lenexa, Kansas, USA.
In 2010, Silpada Designs sold their company to Avon Products Inc. for $650 million, but bought it back for a fraction of that at $85 million in 2013, according to the KC Business Journal.
In a news release sent out Tuesday afternoon, Silpada’s Vice President of Marketing, Andrea Carroll, says independent representatives will have through July 31st to sell Silpada jewelry and earn commissions.
A Silpada dealer posted the following on their Facebook page ahead of the official announcement.
“While we are deeply saddened, we