Tag Archive for MLM Country Report

Amway Appoints Amrita Asrani As Chief Marketing Officer

Amway has appointed Amrita Asrani as its new Chief Marketing Officer, according to an update on her LinkedIn profile.
Asrani brings with her an impressive track record, having spent nearly four years at Reckitt where she most recently served as the Global Brand Marketing Director for Fabric Care & Fashion overseeing strategy and innovation.
During her tenure at Reckitt, Asrani played a pivotal role in driving growth in emerging direct-to-consumer (D2C) channels and spearheading a purpose-driven, disruptive global innovation pipeline.
Prior to Reckitt, Asrani held leadership positions at ITC where she served as the Head of Marketing, Business Strategy and New Product Development for FMCG Health & Wellness Foods & Beverages. Her career also includes key marketing roles at GSK Consumer Healthcare and Abbott Healthcare between 2012 and 2016.
About Amway
Amway is an entrepreneur-led health and wellbeing company based in Ada, Michigan, U.S. It is committed to helping people live better, healthier lives across more than 100 countries and territories worldwide.
According to Forbes magazine, it is among the Top 100 privately held companies in the United States. Top-selling brands for Amway are Nutrilite™, Artistry™ and XS™ energy drinks – all sold exclusively by entrepreneurs who are known as Amway Business Owners. Amway is the

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Plexus Worldwide Announces Andrea McAlister As Chief of Staff

Plexus® is announcing the appointment of Andrea McAlister to the newly created Chief of Staff position.
In this role within the C-suite, Andrea will oversee corporate strategy and human resources, drive operational efficiency, and ensure alignment across the executive team. She brings a wealth of experience in strategic financial planning and cross-functional collaboration and a passion for developing high-performing teams, making her an invaluable asset to the organization.
Gene Tipps, Chief Executive Officer said:

“In the time I have worked with Andrea, I’ve witnessed her ability to transform Plexus with positive change while staying true to our core values. Focused on growth, we have a unique opportunity to bring teams together, and Andrea is the right person to advance that strategy.”

Previously, Andrea excelled and advanced in senior leadership finance roles within higher education. She joined Plexus in 2018 as the Senior Director of Financial Planning and Analysis and was promoted to the group’s vice president.
She has a proven track record of optimizing processes and implementing transformative strategies that drive growth and innovation. Her ability to foster collaboration and her keen insight into organizational dynamics have been instrumental in achieving the company’s goals.

“I am honored to join this dynamic team and look forward to leveraging

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Jericho Orlina Achieves Presidential Diamond At BE

From Overworked to Opportunity: Jericho’s Journey to Network Marketing
Before joining BE, Jericho worked a series of demanding jobs, always seeking better financial stability for his family. From roles at Dairy Queen, McDonald’s, and a pizza store, to enduring long shifts in a warehouse, his hard work taught him that finding the right opportunity was crucial. At 19, he discovered network marketing, which he believed could be the right path for him.

He compared his situation to being a top race car driver stuck in a clunky, malfunctioning vehicle—his skills were being wasted without the right tools. At 19, Jericho stumbled upon network marketing, which appeared to be the vehicle he needed.

However, After 3.5 years in network marketing, Jericho faced significant challenges as his team struggled despite their efforts and the initial promises made by his previous company. The inspirational motto “See you at the top” lost its appeal, leaving him feeling disconnected and unfulfilled.. He felt physically present but emotionally and mentally disconnected, trapped in a situation that no longer resonated with his aspirations.
In early 2023, Jericho sought new opportunities, aiming for residual income while avoiding traditional jobs. Despite some setbacks, his path changed when he discovered BE. Initially skeptical, he

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LR Health & Beauty Q2 Sales Up 2.6% To EUR 70.7 million

LR Health & Beauty SE, Europe’s leading digital social commerce company in the area of high-quality health and beauty products, today published its figures for the second quarter of 2024 and the first half of 2024.
In the second quarter of financial year 2024,

LR Health & Beauty SE managed to increase sales (revenue from goods sold) by 2.6% to EUR 70.7 million (Q2 2023*: EUR 68.9 million).
In the first half of the year, LR Health & Beauty SE thus generated sales of EUR 143.3 million (H1 2023*: EUR 140.9 million).
New product launches, such as the LR Health Mission and the LR Body Mission, contributed significantly to the positive sales performance during the period.
LR Health & Beauty SE generated a normalized EBITDA of EUR 14.4 million in the first six months of financial year 2024, compared to EUR 17.5 million in the same period of the previous year*.

The earnings performance was impacted by factors such as refinancing costs related to the early redemption of the old bond of LR Global Holding GmbH and the issuance of a New Bond by LR Health & Beauty SE, as well as negative currency effects. EBITDA reported amounted to EUR 11.7 million in the first half

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Zinzino First Half Year Sales Up 20% To Euro 801,6 Million

Revenues in the second quarter of 2024 amounted to SEK 507.0 (407.9) million, corresponding to 24% (24%) growth compared to the corresponding period last year. EBITDA increased to SEK 63.0 (53.7) million, and the EBITDA margin amounted to 12.4% (13.2%).
During the quarter, Zinzino acquired the rights to Luxembourg-based Xelliss SA distributor database, inventory and IP assets, acquired 49% of the shares in the Cypriot olive oil producer Cleanthi Alpha-Olenic LTD and signed a letter of intent to acquire the US direct sales company Zurvita INC. In addition, the launch of Serbia was announced as the next step in the global expansion.
APRIL-JUNE
• Total revenue amounted to SEK 507.0 (407.9) million, corresponding to a growth of 24% (24%)
• Gross profit amounted to SEK 174.5 (148.5) million and the gross profit margin amounted to 34.4% (36.4%)
• EBITDA profit amounted to SEK 63.0 (53.7) million and the EBITDA margin amounted to 12.4% (13.2%)
• Cash flow from operating activities amounted to SEK 91.1 (46.3) million
JANUARY-JUNE
• Total revenue amounted to SEK 961.6 (801.6) million, corresponding to a growth of 20% (21%)
• Gross profit amounted to SEK 335.4 (279.2) million, and the gross profit margin amounted to 34.9% (34.8%)
• EBITDA profit amounted to SEK 114.7 (98.1) million,

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Christopher Marsolle From Guadeloupe, France, Achieves Gold Leader Rank At Yanoli

Christopher Marsolle, an outstanding entrepreneur from Guadeloupe, France, has reached the prestigious rank of Gold Leader.
In just a year and a half, Christopher has climbed to the top of Yanoli’s global network, becoming the number one distributor worldwide. His achievement not only highlights his unwavering dedication but also showcases the incredible potential that Yanoli offers to those ready to embrace this unique opportunity.
With over 17 years of experience in network marketing, Christopher Marsolle has consistently turned challenges into opportunities. Starting at the age of 12 in his family’s business and later managing a restaurant for a decade, the 2020 pandemic was a turning point in his career.
Faced with the closure of his businesses, including a historic rum distillery in Guadeloupe, Christopher made the bold decision to fully commit to network marketing with Yanoli.
Eric Worre and Christopher Marsolle
Drawn to Yanoli by the company’s high-quality products and strong community support, Christopher quickly recognized that this was the ideal platform to develop both his potential and that of his team.
As an inspiring leader, he emphasizes the importance of health, financial independence, and the power of e-commerce—core values at the heart of Yanoli.
Today, Christopher Marsolle stands as a shining example of success and a

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Jason & Ty Miller Achieve Highest Rank In LifeWave

Jason and Ty Miller, achieve Senior Presidential Director, Highest Rank at LifeWave within just 12 months of their decision to commit fully to the opportunity.
The Millers have 14 years of experience in network marketing, they’re dedicated to building a strong team, and focused on helping people achieve success in all aspects of life.
The Millers connected with LifeWave at the perfect moment in their life. They had been searching for a company offering a unique product, a positive culture, and a robust compensation plan. They found their match with LifeWave and the THIS IS IT Team led by network marketing legends, Steve and Gina Merritt.
The Millers highlight the X39 wearable device, with its exclusive technology and supportive community, as the best product they’ve encountered in network marketing.
Jason explains,

“We’ve never experienced anything like the LifeWave opportunity. The regenerative health technology is unparalleled, creating a unique blue ocean opportunity. Combined with the Merritt’s’ proven THIS IS IT System, we are more passionate than ever since we began our network marketing journey in 2010. Our capacity to help others achieve their goals and dreams has never been greater.”

Jason and Ty’s journey in direct selling began over 14 years ago after successful careers

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Ice Elements 2 Minute Miracle Gel Joins the MyDailyChoice Marketplace

MyDailyChoice (MDC) is excited to announce the latest addition to the MDC Marketplace: Ice Elements 2 Minute Miracle Gel.
Known for its widespread acclaim on Live TV platform HSN (Home Shopping Network) and GRC (Guthy-Renker, Corp.) infomercials, this revolutionary skincare product is now available on the Marketplace promising a transformative skincare experience that delivers visible results in just two minutes.
Shelly Maguire: A Skincare Visionary
The genius behind Ice Elements is Shelly Maguire, a renowned figure in the beauty and skincare industry with over two decades of developing her own Ice Elements brand, as well as multiple well-known celebrity brands. Shelly has developed more than 150 anti-aging products throughout her career, earning her a reputation as a trusted authority in skincare. Her formulations have become daily essentials for many, and now, through her partnership with MDC Marketplace, she brings her best-selling product to a broader audience.

“Shelly Maguire’s expertise and passion for skincare innovation align perfectly with our mission at MyDailyChoice,”

says Josh Zwagil, CEO of MyDailyChoice.

“We are excited to offer Ice Elements 2 Minute Miracle Gel to our customers and affiliates, adding a product that truly stands out in the beauty industry.”

The Miracle Gel: Revolutionizing Skincare
Ice Elements 2 Minute Miracle Gel has

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Ricky & Jessika Durant Achieve Top Rank At Bravenly Global

Bravenly Global is proud to announce Ricky Durant and Jessika Durant’s outstanding achievement to the company’s pinnacle rank of Platinum Executive Vice President.
Since joining Bravenly in 2022, power couple Ricky and Jessika Durant, together with their Be Brave Society team, are hard-working, visionary leaders fueling and supporting the company’s outstanding growth, with monthly sales surpassing $6 million.
Before they began their network marketing journey, eventually becoming 7-figure earners, the Durants were working 12-14 hour shifts in a Texas refinery, and they had two little daughters to raise. They were struggling to get by, with little time for their kids and family.  Jessika says:

“Because of working long hours, there were lots of milestone moments with our girls that we missed when they were younger. We resolved to change this! So we started in a network marketing company, and worked our tails off for many months at first, while still working a full-time job; it wasn’t easy! But we wanted to raise the quality of our lives and be there for our family.”

Ricky’s passionate desire to give his family all the opportunities for the best start in life fueled his work ethic. He recalls:

“I came to Texas from Puerto Rico, I was unable

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LifeVantage Annual Revenue Down 6.2% To $200.2 Million

LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its fourth quarter and full fiscal year ended June 30, 2024.
Fourth Quarter Fiscal 2024 Summary*:

Revenue of $48.9 million, a decrease of 9.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was down approximately 8.0%;
Revenue in the Americas decreased 4.1% and revenue in Asia/Pacific & Europe decreased 25.2%.
Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue in Asia/Pacific & Europe decreased 18.6%;
Net income per diluted share was $0.10, versus $0.15 per diluted share a year ago;
Adjusted earnings per diluted share were $0.14, compared to $0.17 a year ago; and
Adjusted EBITDA of $4.8 million was flat compared to a year ago.

*All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2024 to the fourth quarter of fiscal 2023, unless otherwise noted.
Fiscal Year 2024 Summary**:

Revenue of $200.2 million, a decrease of 6.2%.
Excluding the negative impact of foreign currency fluctuations, fiscal year 2024 revenue was down approximately 5.2%;
Revenue in the Americas decreased 1.6%, and revenue in Asia/Pacific & Europe decreased 18.6%.
Excluding

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