Avon is an iconic American company that has been around for nearly 130 years. But Avon is struggling. And there’s not enough makeup in the world to make it more attractive.
Things have gotten so bleak for Avon (AVP) that investors actually pushed the stock higher Thursday following a report of a takeover offer … that turned out to be fake.
An entity calling itself PTG Capital filed a letter with the SEC claiming that it wanted to buy Avon for $18.75 a share — nearly triple what the stock was trading at on Wednesday.
Shares surged as much as 20% shortly after news of the filing started to spread. But traders and financial reporters quickly poked holes in the “offer.”
The filing had typos in it. PTG was referred to as TPG on two occasions. (TPG is an
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QNET Convention draws 14,500 to Malaysia
by Ramya Chandrasekaran • • 0 Comments
Prominent Asian Direct Selling Company, QNET’s annual convention V-Malaysia 2015 opened today in the island of Penang in Malaysia to the sound of African and Asian drums amid crowds of lively people in colorful attire.
The sold out convention with a record-breaking 14,500 distributors of QNET from around the world converged at the Subterranean Penang International Conference & Exhibition Centre (SPICE).
V-Malaysia 2015 was officially opened by Penang Chief Minister, Lim Guan Eng with pomp and pageantry that included a parade of men and women adorned in colourful national costumes depicting an array of cultures and traditions from around the globe.
Lim said that QNET has not only brought successful entrepreneurs to Malaysia, but also has raised the profile of Penang by bringing in so much tourism into the island.
“If last year this convention drew close to 10,000
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ASEA Raises $30000 Towards Nepal Relief Efforts
by Ramya Chandrasekaran • • 0 Comments
The newly established ASEA Advancing Life Foundation has raised nearly $30000 towards relief efforts in Nepal. In a span of two weeks, approximately $20000 was raised through ASEA associates and an additional $10000 was donated by ASEA Corporate.
ASEA has partnered with CHOICE Humanitarian – ‘The Center for Humanitarian Outreach and Inter-Cultural Exchange’, a strategic non-governmental agency (NGO) currently working in five countries, Kenya, Nepal, Bolivia, Guatemala and Mexico towards ending extreme poverty and improve quality of life through a bottom-up, self-developing village-centered approach.
The ASEA Advancing Life Foundation was launched to mark the fifth anniversary of the direct selling company provides cellular health products to boost the body’s natural cellular renewal. The focus of this foundation is to help children and families in need.
ASEA recently made its debut on the sixth annual DSN Global 100
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Youngevity Q1 2015 Revenues Increase To $36.8 million
by Ramya Chandrasekaran • • 0 Comments
Youngevity International, Inc. (OTCQX: YGYI) a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, today reported financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights:
Net Revenue increased 39.4% over the prior year period to $36.8 million;
Gross Profit increased 28.1% to $20.3 million compared to the prior year period;
Adjusted EBITDA was $1.3 million, compared to $1.7 million in the prior year period;
Held annual convention with record attendance;
Entered into two acquisitions during the first quarter.
“In the first quarter, we remained focused on accelerating our revenue via targeted acquisitions, strengthening our geographic expansion, and steady organic growth in both our direct selling and coffee business segments,” stated Steve Wallach, Chief Executive Officer of Youngevity International.
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QNET Launches Limited Edition Water Purifier for Charity
by Ramya Chandrasekaran • • 0 Comments
Asian Direct Selling company QNET has launched a limited edition version of its best-selling water purification system on the fifth anniversary of the launch of the original HomePure. This limited edition will feature the traditionally white HomePure unit in stylist red and $20 from each purchased unit will be donated to RYTHM Foundation, QNET’s corporate social responsibility arm that works on community development projects around the world.
The Limited Edition Red HomePure will be launched at QNET’s annual convention scheduled in Malaysia this week that is expected to attract around 15,000 participants from more than 50 countries.
HomePure with its unique 7-stage water purification system produces water that is naturally balanced because it allows natural trace minerals to pass through filtration whilst ensuring certain contaminants are filtered out. The filter can absorb and remove
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LEO sponsors DSA UK 50th Anniversary Event
by Ramya Chandrasekaran • • 0 Comments
Entrepreneur training specialist company LEO is the Diamond level sponsor of the DSA UK’s 50th Conference event, to be held today at St Johns Hotel – Solihull, UK.
Reflecting on the past 50 years of the direct selling industry, and looking forward to what the next 50 years may bring, the DSA conference also provides an opportunity to share best practice, relevant legislation and future regulations of the Direct Selling industry set by the DSA.
The conference will hear keynote speakers including the Chair of the DSA UK and General Manager of Amway, Andy Smith, and Director General of the DSA UK, Lynda Mills.
Local MP for Northamptonshire, Chris Heaton-Harris, who has been a strong voice in the government for the Direct Selling industry, will also be speaking.The event will also see LEO Co-Founder and Chief Marketing Officer Atif Kamran present the
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Infinitus China to Take 12700 People to Thailand
by Ramya Chandrasekaran • • 0 Comments
Direct selling company Infinitus China is set to organize a gigantic tour group of 12,700 people to Thailand, a move that will smash the record set by another Chinese firm which sent 6,400 of its employees on a grand vacation to France earlier this month.
Infinitus will book 110 flights and 400 coaches for the trip, which is estimated to bring to Thailand a tourism income of 600 million baht (US17.89 million), Apple Daily reported Thursday.
The firm, a mainland subsidiary of Hong Kong-based food giant Lee Kum Kee, is said to be arranging the six-day tour of Bangkok and Pattaya as part of a rewards scheme for its employees.
Juthaporn Rerngronasa, head of the Tourism Authority of Thailand, told local media that the Infinitus employees will arrive in batches of 2,000 to 3,000 people from May 10 to
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Jeunesse Opens New Global Headquarters
by Ted Nuyten • • 0 Comments
Jeunesse is pleased to announce the purchase of a new building to establish its Corporate Headquarters on International Parkway in the up-and-coming business district of Heathrow, Florida, USA, in order to accommodate the company’s exceptional growth over the past five years.
Jeunesse anticipates the transition of its employees to the new, state-of-the-art facility this fall, when a celebratory fly-in, ribbon-cutting ceremony and grand opening celebration will kick off operations.
The more than 130,000-square-feet building boasts stylish offices and contemporary meeting spaces where Distributors can meet to discuss the business opportunity and conduct training.
The new headquarters is conveniently located near a variety of upscale hotels and restaurants in Heathrow, with direct freeway access to Orlando International Airport. And for those who wish to mix business with pleasure, it’s just a 35-minute drive to many Orlando
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Kelly Bangert – Top Earner and Top Trainer Interview
by Tina Williams • • 0 Comments
Kelly Bangert is a Double Diamond, and Multi Million Dollar Earner in a Network Marketing company and started out his career as a decorated police officer with a mission to make the world a better place.
He quickly learned he also had a talent for business and direct marketing and went on to create “2” award-winning distributorships – setting records all along the way.
His passion to help people led him to seek out and to collaborate with $14 million top earner, Mitch Huhem, on a revolutionary new way to build and grow your business globally, with the Go Major training system.
Raised by a hardworking single mother who worked multiple jobs to keep a roof over their heads, Kelly’s life was changed forever when at 8 years old his family’s home burned
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Top Leader Ana Cantera Joins Total Life Changes
by Nicole Dunkley • • 0 Comments
From the Dominican Republic, Ana Cantera has made quite an impact in the MLM industry. Already reaching incredible ranks in a former company in Latin America, she now has her eyes set on duplicating that success with Total Life Changes.
She is grateful for the opportunity and all the knowledge she acquired during recent years. Without any previous experience in the industry, she was able to reach the highest position in her former company in only 10 months, with earnings over six figures in her first year, and over seven figures in the past 3 years; building organizations
of more than 20,000 distributors around the world. In 2013, Ana Cantera was nominated as one of the Top Leaders less than 30 years of age by Business for Home.
Ana Cantera was introduced to Total