In a second major win for the week, Herbalife’s newest victory is a mark for things to come. Reuters reports:
Herbalife Ltd (HLF.N) won the dismissal of a lawsuit that claimed the maker of weight-loss and nutritional products fraudulently portrayed itself as a legitimate company, and that shareholders lost money because it was actually an illegal pyramid scheme.
U.S. District Judge Dale Fischer in Los Angeles said that shareholders led by two pension funds did not show that questions raised about Herbalife’s business by hedge fund manager William Ackman and various investigators showed that the company had fraudulently inflated its stock price.
Ackman and his Pershing Square Capital Management LP have campaigned against Herbalife since December 2012, when they revealed a $1 billion bet against the Los Angeles-based company. Herbalife has long denied it is
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Forbes Speaks With Amway’s Steve Van Andel
by Tina Williams • • 0 Comments
Dan Schawbel from Forbes: I spoke with Steve Van Andel, the chairman of Amway, who is responsible for managing daily operations of the company with Amway President Doug DeVos.
Van Andel is the eldest son of Amway Co-Founder Jay Van Andel, who, with Rich DeVos, started Amway in 1959 in Ada, Michigan. Since then, Amway has grown into the world’s largest direct selling company. Over the past two decades, Van Andel has led a strategic transformation of the company with a focus on growth through innovation, driving double-digit growth. Prior to being named chairman, Van Andel served as vice president with responsibility for Amway’s business operations in North and South America. He also served as vice president of marketing.
Recently, Amway acquired the XS Energy Brand, an energy drink brand that has exhibited positive momentum with the next-generation
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Zija To Hold OTG Grand Opening Event In Japan
by Nicole Dunkley • • 0 Comments
Japan has quickly become one of Zija International’s strongest global markets, expanding at a rapid rate each year. Zija Japan is now being launched On the Ground (OTG) after having previously been a Not for Resale (NFR) market.
This is a beneficial opportunity for the company and Distributors within Japan, making it even easier enjoy Zija Core Nutritionals, Améo Essential Oils, and Ripstix Fitness Supplements products. It will also help more individuals embrace Zija’s unique business opportunity and ‘Life Unlimited’ message.
To celebrate Zija OTG in Japan, the company will hold a Grand Opening Event later this month in Tokyo:
DATE: March 25, 2015
TIME: 10:00 a.m. – 6:00 p.m. (Japan Time)
LOCATION: Maihama Amphitheater at Tokyo Disney Resort (Adjacent to Disney Ambassador Hotel, a 10-minute walk from JR Maihama Station – JR Keiyo Line)
SPEAKERS: Ken
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Talk Fusion To Release Second Issue Of Lifestyles Magazine
by Nicole Dunkley • • 0 Comments
With new articles and insight, Lifestyles Magazine issue #2—a lavish publication for Talk Fusion Associates and their prospects—has gone to print and will soon be released in multiple languages.
Written and designed to help Associates achieve financial freedom and share it with their teammates, Lifestyles Magazine is an exceptional, high-gloss introduction for prospects interested in the opportunity. “We give you an exclusive insider view of everything Talk Fusion has to offer,” said Founder & CEO Bob Reina. “We show you how this is unmistakably the chance of a lifetime.”
The first issue, released on September 2014, met with overwhelming response from Associates; multiple reprint orders were necessary just to keep the issue in stock at the Talk Fusion Mall online.
While the focus is on living the “Dream Lifestyle,” issue #2 gives Associates and newcomers
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Damaging Blow: Avon Falls Off S&P 500 For First Time Since 1964
by Tina Williams • • 0 Comments
After a more than fifty-year stay in the index, Avon won’t be in it for much longer.
S&P Dow Jones Indices, the company that manages the S&P 500, announced on Friday that the troubled cosmetics giant will be moved to its MidCap 400 index after the close of trading on March 20.
The S&P 500, which many average and professional investors use as their main benchmark to judge stock market performance, is home to mostly larger companies.
Avon (AVP) is now worth only $3.2 billion. It’s being replaced by underwear and T-shirt makerHanesbrands (HBI), which has a market value of more than $13 billion.
In its statement, S&P Dow Jones Indices said the change was made because Avon was no longer big enough.
A spokesman for S&P Dow Jones Indices added that Avon has been in the S&P 500 since
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WorldVentures Gains Elite Technology Software Program
by Nicole Dunkley • • 0 Comments
WorldVentures enters its fourth consecutive year of record-setting growth with the acquisition of a leading technology software program. This is a step forward that will help the company broaden its service offerings, streamline operations and much more.
WorldVentures’ growth forecasts will be fulfilled thanks to this purchase. The program will help the company offer end-to-end reservations as well as a contract, operations and distribution management system.
The new platform provides a central reservation management system, which allows customers to access competitively priced travel packages online, complete with photos, videos and maps.
“As we continue along our upward trajectory, we’re continuously seeking innovative solutions to improve customer experiences,” said Eddie Head, president of WorldVentures Marketing. “This new robust platform further strengthens our market position with dynamic packaging of transportation, hotel accommodations, attractions and more. The
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Jeunesse Completes Strategic Acquisition Of MonaVie
by Ted Nuyten • • 0 Comments
Positioned to expand product offerings and geographic footprint to bring company closer to $1 billion sales target
New ownership offers MonaVie a financial partner with strong leadership and balance sheet to support growth
Jeunesse Global (Jeunesse), a leading direct selling company devoted to inspiring healthy living and youth enhancement, announced today the acquisition of MonaVie, a provider of premium nutritional products sold through a global network of independent distributors, as well as its brand mynt™, creating a leading multigenerational healthy living company with a growing emphasis on the youth movement.
As a combined company, the Jeunesse brand will operate on an international platform with a network of more than 4 million distributors in over 100 countries, supporting consumers from Generation Y to Baby Boomers with numerous products to help them live healthier lifestyles.
“By welcoming
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LiveSmart 360 Distributor Fined In Europe
by Ted Nuyten • • 0 Comments
A LiveSmart 360 Distributor in Belgium was fined $1,200 by the belgium food authority for selling unregistered products. The company hasn’t responded to the belgium distributor requesting corporate help.
If a Direct Selling Company sells a supplement / product in USA, it does not mean that product is automatically allowed in other markets….
Europe has strict laws and basically companies needs Product Compliance if opening european countries.
If there is NO product compliance this can cause a lot of problems for independent distributors and fines up to $10,000 per case.
As reported on March 7:
For example, in the EU LiveSmart 360 allows Distributors to join from across Europe, yet two years after initially expanding into the region only a few countries are completely registered and open.
In spite of this, the Company is touting yet more international
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Solavei To Exit Bankruptcy, Merge with Aspider
by Ted Nuyten • • 0 Comments
Six months after Solavei announced it was going to launch into a new phase of its development, the company said it filed a bankruptcy reorganization plan to merge with ASPIDER, a Netherlands-based Infrastructure as a Service provider that works with mobile operators.
Terms of the deal remain confidential.
Social commerce network and mobile service provider Solavei filed its plan of reorganization today and announced it will merge with industry leader ASPIDER, a Netherlands-based company that has provided core mobile infrastructure and services to over 100 mobile service providers and millions of subscribers throughout the world. Terms of the deal remain confidential.
With over 400,000 people that have become members in the past two years, Solavei will continue to deliver and grow its social commerce network to fulfill its vision of positively impacting millions of
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“75% Of Irelands Direct Sellers Are Female.”
by Tina Williams • • 0 Comments
BusinessAndLeadership.com reports: Figures released from the Direct Selling Association of Ireland (DSAI) have revealed that 75pc of the industry’s 20,000 direct sellers are now female, while 30pc are stay-at-home mums.
Contributing €50m a year to the Irish economy, direct selling is where goods are sold direct to consumers outside of a fixed shop.
Lynda Mills, director general of the DSAI, said: “There is a new type of female entrepreneur emerging in Ireland – women who are selling products they love and building really strong businesses through direct selling.
“We are seeing more and more women being attracted to direct selling because it can fit so easily around other commitments – whether it’s children, education or another job.”
The figures released by the DSAI are based on its survey of its member companies including Amway, Forever Living and