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.
Tag Archive for Out Of Business
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
Hot Business News Today
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
Hot Business News Today
Sozo Global Restructures
by Ted Nuyten • • 0 Comments
Sozo Global restructures and that triggers a lot of rumors. Canadian third party logistics provider MMP Enterprises has moved to seize inventory and liquidate via auction in an effort to recover invoices defaulted on for services performed.
Master distributor Ken Dunn has left the company which he joined in November 2015, as president Trey Knight.
We reached out to Ken Dunn who stated:
“I resigned from the company in April due to mis-stated facts about the company.”
Mark Adams, CEO Sozo Global has reached out to Business For Home and stated:
“Ted, we are reorganizing our business after 7 years in this industry. However unfortunately during this past 7 years we have accumulated some enemy’s.
I suspect rumors are submitted by xxxx (name removed). It is false and slanderous. XXX is very disgruntled with SOZO just as xxxx
Hot Business News Today
iMarketslive Financial Problems And Company Website Off line
by Ted Nuyten • • 0 Comments
Seems iMarketslive is down the drain and not paying commissions any more, the company website has been down the last day several times.
International Markets Live (iMarketsLive), is founded in 2013 by President and CEO Christopher (Chris) Terry and based out of New York in the USA. iMarketsLive offers an educational trading platform (Forex) that provides an opportunity to enter into the trading industry and build a referral network.
According to the company 50,000+ distributors are in the company. According to insiders, Chris Terry runs the office out of hotel room.
Customer service phone number on bank statements goes to a record company in New York. Commissions haven’t been paid for the past two weeks on all parts of the compensation plan except Direct Commissions
The field is being told that customer service is
Hot Business News Today
Miche Bag Closing Down
by Ted Nuyten • • 0 Comments
Allthough no official press release came out several sources report Miche Bag is closing down and on Miche’s Facebook page they have announced a liquidation sale: https://www.facebook.com/OfficialMiche
Miche, LLC specializes in hand and shoulder bags based on a system of magnetic interchangeable bag covers and accompanying accessories.
The company was founded in 2005 by Michelle Romero and Annette Cavaness. In 2004, Romero thought of an idea to change the outside of a handbag, without physically changing the bag itself. She created a prototype by taking apart her own bag and revamping it using super glue and scrap fabric.
According to Mystylepurse.com:
It’s with a very heavy heart that I pass on that Miche has decided to close operations effective March 24th.
I want to share with you that they are liquidating inventory and once it’s gone, it