Nature’s Sunshine Products has announced plans to enter China in a joint venture with Shanghai-based Fosun Pharma. The agreement outlines a multi-channel approach that places Nature’s Sunshine products in Fosun Pharma retail locations across the country and markets the company’s Synergy brand through a direct selling model.
Fosun Pharma will acquire a 15 percent stake in Nature’s Sunshine in a deal valued at just over $46 million. As a part of the agreement, Nature’s Sunshine will appoint one Fosun Pharma director to its board. The investment in Nature’s Sunshine will also fund a special $1.50 per share cash dividend to be paid out at closing.
The company expects that Nature’s Sunshine Hong Kong will drive long-term growth and become a top market within five years, says Chairman and CEO Gregory L. Probert.
“We view this joint transaction as both a testament to the strength of our existing business as well as Fosun Pharma’s confidence in our ability to establish a substantial business in China,” Probert said in a statement. “It marks a significant step forward in our transformation to a global organization with multiple brands and distribution channels.”
About Nature’s Sunshine Products
Nature’s Sunshine Products (NASDAQ:NATR), a leading natural health and wellness company, markets and distributes
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by Tina Williams • • 0 Comments
Legal Shield announced a new 250k ring earner. A 250k ring earner is someone who earns an annual income of $250,000-$499,000.
Todd Allen of Madison, MS is a current Silver Executive Director and has achieved as high as the Platinum Executive Director Level. Todd is a recipient of the beautifully hand tailored Platinum World (Zegna) Jacket, a consistent qualifier of the Power 20 and Performance Club programs as well as a recipient of the Production Achievement Award, 1,000 Membership Sales level.
Brooks Werkheiser of Jackson, MS is Todd’s direct upline Platinum Executive Director.
LegalShield is an American corporation that sells legal service products through network marketing in the United States and Canada. The company was originally founded August 8, 1972 as the Sportsman’s Motor Club. In 1976 it was incorporated as Pre-Paid Legal Services, Inc., and made its initial public offering in 1984. Pre-Paid Legal Services, Inc. was acquired by MidOcean Partners in 2011 and changed its name to LegalShield.
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Amway India Makes Very Little Legal Progress
by Tina Williams • • 0 Comments
Justice Nooty Ramamohana Rao of the Hyderabad High Court on Tuesday granted permission to Amway India Ltd to operate 50 per cent of the amount from its bank accounts in the state.
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by Tina Williams • • 0 Comments
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by Tina Williams • • 0 Comments
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The MK Collaborative line was premiered at the Sundance Film Festival and revealed during a showcase at The Oscars earlier this year. During the Youngevity Convention in April 2014, Marisa Kenson launched Youngevity’s apparel and jewelry line to a sold-out fashion show and provided a preview of the MK Collaborative e-tailing boutique.
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by Tina Williams • • 0 Comments
Vemma Nutrition Company’s premium ready-to-drink iced coffee, Verve MoJoe™, has been named Beverage Industry’s Reader’s Choice for best new product in May. Verve MoJoe, Vemma’s newest functional beverage in its already popular and healthy line of energy drinks, received 58% of bevindustry.com readers’ votes, beating out numerous other beverages for the coveted spot.
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by Tina Williams • • 0 Comments
Paul Southworth, outgoing Director General of the U.K. Direct Selling Association, has been named an Officer in the Order of the British Empire (OBE) in the Queen’s Birthday Honours list.
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by Tina Williams • • 0 Comments
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by Tina Williams • • 0 Comments
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by Tina Williams • • 0 Comments
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