MONAT® Global recently announced it has named direct selling industry veteran Lela Russo as vice president of Marketing.
“Lela will play a vital role in supporting our ambitious growth,” said President Stuart MacMillan. “Her experience in our industry will provide valuable insight to support our fast-growing line of products, which will ultimately aid in MONAT’s strategy for continued advancement and success. I’m pleased to welcome Lela to our team.”
In her new role, Russo will create, communicate and deliver value-offerings for MONAT Market Partners, VIP customers and retail customers. She is also be responsible for expanding global brand awareness.
“As I embark on my journey with MONAT, I look forward to witnessing—and being part of—the company’s continued innovation and growth,” said Russo. “I am pleased to join the MONAT family.”
Russo will office at MONAT’s corporate headquarters in Miami, Florida.
About MONAT Global
MONAT Global is a wholly owned subsidiary of Alcora Corp., whose holdings include LEUDINE Global, an established Direct Selling company specializing in premium beauty and wellness products throughout the US and Latin America and B&R Products, their research, development and manufacturing Laboratory subsidiary.
All three companies are headquartered in and around Miami, Florida. MONAT was founded in 2014 to enter the multi-billion dollar haircare market and provides
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ORGANO Expands Into South Africa
by Nicole Dunkley • • 0 Comments
ORGANO recently announced it has formally expanded its footprint into South Africa. The new market opened on October 6th, 2018 and is now accepting customer orders and new distributor applications.
The ORGANO African Headquarters and logistics hub are located in Johannesburg.
“Our opening in South Africa represents another achievement in expanding ORGANO throughout the African Continent and is an important component of our strategic growth plan for the EMEA region,” said ORGANO Managing Director of Global Strategy, Leonard Chin.
“The ORGANO brand is one of the most well known and respected brands in the global nutrition industry. This historic new market opening brings the ORGANO product lineup to millions of Africans who enjoy great tasting and healthy nutritional foods and beverages,” added Chin.
As in most markets around the world, ORGANO offers a lineup of its beverages and specialty nutritional products in South Africa.
“This latest entry into Africa represents a long term commitment to the people of Africa through our Continental Africa Plan, our broader regional growth strategy for EMEA and our global plan to make ORGANO products more broadly available around the world,” said ORGANO Chief Operating Officer, Norm Perrett.
About ORGANO
Founded in 2008 with headquarters in Vancouver, British Columbia, and formerly known as Organo Gold, ORGANO is one of the world’s leading producers and marketers
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Natural Health Trends 2018 Q3 Revenue Up 17% To $47 Million
by Nicole Dunkley • • 0 Comments
Natural Health Trends Corp. (NASDAQ:NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, recently announced its financial results for the third quarter ended September 30, 2018.
Third Quarter2018 Financial Highlights:
Total revenue of $47.0 million increased 17% compared to $40.1 million in the third quarter of 2017, and decreased 8% compared to $50.9 million in the second quarter of 2018.
Revenue from the Company’s Hong Kong operations, which represented 88% of total revenue, was $41.4 million, an increase of 18% compared to $35.0 million in the third quarter of 2017.
Revenue outside of Hong Kong of $5.6 million increased 10% compared to $5.1 million in the third quarter of 2017.
Gross profit was $37.1 million compared to $31.9 million in the third quarter of 2017, and $40.5 million in the second quarter of 2018. As a percent of total revenue, gross profit was 79% compared to 80% in the third quarter of 2017 and 80% in the second quarter of 2018.
Operating income was $7.8 million compared to $8.5 million in the third quarter of 2017, and $10.1 million in the second quarter of 2018. As a percent of total revenue, operating income
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Avon Appoints James Thompson as Chief Beauty and Brand Officer
by Nicole Dunkley • • 0 Comments
Avon Products Inc, recently appoints James Thompson as Chief Beauty and Brand Officer. Thompson joins Avon following a 24-year career at Diageo PLC, most recently serving as chief marketing and innovation officer for Diageo North America.
At Avon, he will focus on leveraging the strength of Avon’s beauty marketing and innovation to create more agile category teams that will be structured to work much more closely with Avon’s markets. He will also spearhead the rejuvenation of Avon’s brand. He will report to COO Jonathan Myers.
“Chief Beauty & Brand Officer is a strategically vital role at Avon, and we couldn’t be more pleased to have an executive of James’ caliber join us,” said Myers.
“He has a well-established track record of turning around large and small brands throughout the world at both luxury and mainstream price points. We are confident that James’ breadth of experience, in-depth digital capabilities and new product marketing and innovation expertise will further deepen Avon’s connection with its consumers and representatives.”
With Thompson’s appointment, Alex Long, Avon’s current global vice president, Global Brand Marketing, will transition to global vice president, Global Commercial Marketing to drive marketing execution, brochure excellence and revenue growth management across the organization.
About Avon Products, Inc.
Avon is the Company that for 130 years has proudly stood for beauty, innovation, optimism and, above all, for
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Mary Kay Inc. Opens New Manufacturing Facility in Lewisville Texas
by Nicole Dunkley • • 0 Comments
Mary Kay Inc. recently opened the doors to its new U.S.-based global manufacturing and research and development facility located in Lewisville, Texas.
To support future growth for made-in-America products, the Richard R. Rogers (R3) Manufacturing Facility —named in honor of company co-founder, executive chairman and son of Mary Kay Ash—will support the global cosmetic company’s needs in producing skin care products, color cosmetics and fragrances for millions of Mary Kay Independent Beauty Consultants in nearly 40 countries.
Following an exhaustive search of potential locations throughout North Texas, Mary Kay Inc. broke ground on R3 on September 13, 2016, exactly 53 years to the day after Mary Kay Ash launched her dream company from a small Dallas storefront.
With more than a $100 million investment, the 453,000-square-foot building features state-of-the-art R&D laboratories and cutting-edge manufacturing technology. It will function as a zero waste to landfill facility.
“The opening of the Richard R. Rogers Manufacturing Facility marks an exciting milestone in our company’s 55-year history,” said David Holl, president and chief executive officer for Mary Kay Inc.
“Approximately 75 percent of our current business is overseas, and more than 50 percent of Mary Kay products produced at our U.S. manufacturing facility are exported to our international markets. As an innovation
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Modere Announces Craig J. Colyar As New General Manager of North America
by Nicole Dunkley • • 0 Comments
Modere recently today announced Craig J. Colyar as the company’s new General Manager of North America. Colyar replaces Justin Serra, who was appointed to Senior VP of Global Sales & Marketing in April of this year.
“We are delighted to welcome Craig to Modere. After an extensive review of top-level candidates for our North American GM over these past few months, we are confident we have selected an outstanding individual for this important position.”
“Craig brings 18 valuable years of experience in sales and operations to this leadership role. He has served 14 of those years in high-level management roles, overseeing regional and global sales and operations for several top-performing and fast-growing companies,” said Asma Ishaq, Chief Executive Officer of Modere.
“Our North American market continues to accelerate, and Craig is exactly the right person to manage and enhance its continuing growth.” The US and Canadian markets that Colyar will be leading currently boast a combined 24.6% growth, measured quarter over quarter.
In 2000, Colyar began his career working in regional operations and sales for Tahitian Noni International, Morinda, Inc. in Mexico City. From there, he advanced to Managing Director of Global Sales for the company in 2007, where he developed and supervised the rollout of domestic and international sales
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Forever Living Products Invests AED $7.5 Million In UAE As Part of Middle East Expansion Plan
by Nicole Dunkley • • 0 Comments
Forever Living Products International, the largest grower, manufacturer and distributor of Aloe Vera products in the world, continues to infuse large capital investments into the Middle East as part of its expansion bid to secure a stronger and more solid market foothold in the regional nutraceuticals sector.
In line with its aggressive expansion approach, the company injected AED 7.5 million in the UAE this year alone to build its new product centers after making the country the main headquarters of its key regional operations.
The UAE and other major markets in the Middle East have been providing Forever Living with exponential growth opportunities. During the first half of 2018, the company witnessed substantial revenue increase from its operations in the UAE, the Kingdom of Saudi Arabia and Oman.
The jump was posted after the company’s Global Rally event in the country attended by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. In 2017, Forever Living experienced a whopping 109 per cent sales growth in KSA, followed by Kuwait (57 percent); Jordan (50 percent); UAE (49 percent); and Oman (42 percent).
Furthermore, Middle Eastern states led by the UAE ranked 8th in terms of global financial performance among 160 countries where
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Success Factory – Dagcoin Crypto Review
by Ted Nuyten • • 0 Comments
In an article Crypto Currency And Network Marketing Can It Work? I defined a number of requirements for a due diligence and this review is based on that.
Success Factory, the network marketing company that helps to distribute dagcoins, is making waves and we get many requests for interviews, reviews etc. This review is for both, Success Factory and Dagcoin. Current revenue for Success Factory we estimated at $30+ million per month and growing fast.
Personally I like crypto currencies and see their bright future, if executed well, with or without a compensation plan. For this review I have consulted an European network marketing lawyer . This article is NOT an investment advice, please conduct your own Due Diligence before you start in an opportunity.
Who owns Dagcoin?
Dagcoin is founded in the end of 2016 by CEO Nils Grossberg and Chief Visionary Officer Kris Ress. The CVO is also often seen on the field supporting the affiliates as a corporate executive. The company is well funded, both leaders have network marketing field experience. A green flag.
Where is the head office?
The head office is in Tallinn – Estonia. In the head office approx. 70 people are employed, the majority is software developer. A green flag.
Field Leadership
Experienced networkers from several countries are leading the
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LifeVantage Q1 Sales Up 13.2% To $55.6 Million
by Ted Nuyten • • 0 Comments
LifeVantage Corporation (Nasdaq: LFVN) today reported financial results for its first quarter ended September 30, 2018.
First Quarter Fiscal 2019 Summary:
Revenue increased 13.2% to $55.6 million year over year and 2.9% sequentially;
Revenue in the Americas increased 13.6% year over year and 1.4% sequentially. Revenue in Asia/Pacific & Europe increased 12.1% year over year and 7.5% sequentially;
Active independent distributors increased 4.8% and active customers increased 9.2% year over year;
Adjusted EBITDA increased 22.5% year over year to $3.3 million;
Earnings per diluted share were $0.06, consistent with the prior year period;
Adjusted earnings per diluted share were $0.07, consistent with the prior year period; and
Raising fiscal 2019 revenue guidance to a range of $215 million to $225 million.
* All year over year growth rates compare the first quarter of fiscal 2019 to the first quarter of fiscal 2018. All sequential growth rates compare the first quarter of fiscal 2019 to the fourth quarter of fiscal 2018.
“We had a strong first quarter with broad based growth in sales and active members (total active distributors and customers). Our recent launch in Taiwan was a significant success, already delivering the third highest sales by country across our global footprint during the month of September. Given the strong sales