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Avon’s Profits Fall 40%

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 Avon Products Inc, a direct seller of beauty products, reported a 40 percent fall in quarterly profit as sales were hurt by increased competition in key markets such as Latin America and the United States.
Net income attributable to Avon tumbled to $19 million, or 4 cents per share, in the second quarter ended June 30, from $31.9 million, or 7 cents per share, a year earlier.
Revenue fell 13 percent to $2.19 billion, excluding the impact of currency fluctuations.
About Avon
Avon Products, Inc, known as Avon, is an American international manufacturer and direct selling company in beauty, household, and personal care categories. As of 2012, Avon had annual sales of $10.0 billion worldwide in 2013.
It is the fifth-largest beauty company and second largest direct selling enterprise in the world, with 6.4 million representatives. Avon Products is a multi-level marketing company. The company’s CEO is Sherilyn S. McCoy, who was appointed to that position in April 2012. The former CEO, Andrea Jung, became the executive chairman of the board.
 

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MonaVie Pays Out 500th Week And Over $1.4B In Commissions

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This week marks a significant milestone for direct selling company MonaVie, who completes its 500th week of paying commissions to its independent distributor sales force. Commissions paid since the company was founded in January 2005 total $1,405,954,677.06.
MonaVie distributors can be found in 39 countries throughout the world. The company pays commissions in 18 different currencies, including: AUD, EUR, BRL, CAD, HKD, HUF, ILS, JPY, MYR, MXN, NZD, PLN, USD, SGD, KRW, TWD, THB and GBP.
MonaVie is proud to help its global distributor sales force achieve A More Meaningful Life through its healthful products and associated opportunity to earn a part- or full-time income. The company has produced 155 millionaires, which averages out to about 15 millionaires per year. MonaVie is set to celebrate its 10-year anniversary this January.
About MonaVie 

Since 2005, MonaVie has developed premium products dedicated to promoting health and wellness worldwide. With distribution in 39 markets, MonaVie addresses four key areas necessary for optimal health—Nutrition, Weight, Energy, and Stress—with products made from the best and rarest ingredients on Earth.
The products, in conjunction with MonaVie VIEW Antioxidant Scanner, empower people to live healthier, more meaningful lives. That greater meaning is revealed through our heartfelt commitment to doing good in

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Herbalife Executives Buy $1.7 Million In Shares

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Insiders at Herbalife threw their hats into the ring of the media circus surrounding the multi-level marketing firm.
Three Herbalife top executives bought 30,700 shares for $1,709,467, an average of $55.68 each, on July 31.
Chief Financial Officer John DeSimone bought 10,000 Herbalife (ticker: HLF ) shares for $555,600. He now holds a direct stake of 28,690 shares. DeSimone’s most recent previous transaction was on April 16, 2012, when he exercised options and sold 31,700 shares for $2.7 million, an average of $70.50 each, through a 10b5-1 plan.
Chief Operating Officer Richard Goudis bought 10,700 shares for $597,167. He now holds a direct stake of 166,969 shares. Goudis’ most recent previous transaction was on Nov. 29, 2012, when he bought 180,100 shares for $2 million, an average of $43.89 each.
Finally, President Desmond Walsh bought 10,000 shares for $556,700. He now holds a direct stake of 107,599 shares. Walsh’s most recent previous transaction was on April 3, 2012, when he exercised options and sold 125,500 shares for $5 million, an average of $69.44 each through a 10b5-1 plan.
All the executives hold stakes of less than 1% in Herbalife.
Walsh and Goudis joined Herbalife in 2004. DeSimone joined in 2007.
Herbalife did not respond to a phone call seeking

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Ackman Says “My Bad” On Herbalife Presentation

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Hedge fund manager Bill Ackman has two words to sum up his Herbalife Ltd. (HLF) presentation last week: “My bad.”
Investors may have missed the point because the event was long and overhyped, Ackman said in an interview. Even the private researcher who helped convince Ackman the company is an illegal pyramid scheme now says the details of a two-year investigation into Herbalife’s nutrition clubs were largely ignored.
Ackman had promised to show an Enron-style fraud during the event. Instead of dumping the stock, investors sent the shares up 25 percent after the presentation, marking the biggest one-day gain in the history of the company. Ackman’s firm, Pershing Square Capital Management LP, bet $1 billion against the stock in 2012.
“It was a PR failure,” Ackman said. “I think we raised expectations. People were looking for the dead body and the smoking gun and instead what they got was a three-hour detailed regulatory presentation.”
The shares declined 6.1 percent to $52.40 at the close in New York.
Lost amid the earlier share gain was research that offers evidence of an elaborate and secretive illegal recruiting system, said Christine Richard, a former journalist who helped Ackman present material at the New York event.
William “Bill” Ackman, founder and chief executive officer of Pershing Square Capital

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