Mr. Luis Urdaneta and MONAT Global Inc., a wholly owned subsidiary of Alcora Corp. and a U.S. based innovator in the Direct Selling and Hair Care industries, today announced the appointment of Mr. Stuart A. MacMillan as President of the Corporation.
Prior to joining the Company, Mr. MacMillan has held a number of senior management responsibilities across diverse functional areas, most recently as Managing Partner of IMPACT This Day where he was a trusted counsel to Alcora’s Directors on the establishment and strategic direction for their new subsidiary; MONAT Global.
Mr. MacMillan brings with him, a wealth of experience and success. He was President of Arbonne Canada from 2006 to 2010 and also headed up Sales Strategy for Arbonne USA from 2008 to 2010. Prior to Arbonne, Mr. MacMillan was the first International President of Excel Telecommunications, a billion dollar Telecommunications Company in the Direct Selling Industry.
His proven leadership and track record in building successful teams has championed him as a featured keynote speaker at professional events around the world, including South America, the UK and the Caribbean. Prior to his time in the Direct Selling Industry, Mr. MacMillan held other senior executive positions with Bell Canada Inc. and ACC Telecom
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Industry Leaders, Ray And Robin Sanchez, Join Vemma
by Tina Williams • • 0 Comments
Nearly 11 years ago, Ray and Robin Sanchez realized how this industry was their answer to providing more for their family of 11. Ray, a top local Michigan musician, and his wife, Robin have experienced great success with two different companies. Their passion is to help others, just like themselves, who desire more for their families.
After seven years in the industry and downturn of the economy, Robin found her business struggling. “When people are just trying to put food on their tables, they will sacrifice the expense of name brand face and foot creams,” Robin says.
In 2011, in an effort to find an answer to turn finances around, Ray joined a health and wellness company with a 90-day challenge platform and realized success early on. Robin soon joined him and the couple went on to build a successful business.
With Vemma having explosive growth and doubling in sales in the last year, they found themselves intrigued with the possibilities to lead even more people to greater success. “We have seen it proven again and again that timing is more important than skill,” says Ray. “There are so many facets of Vemma we fell in love with. We are impressed with this
Hot Business News Today
Industry Leaders, Ray And Robin Sanchez, Join Vemma
by Tina Williams • • 0 Comments
Nearly 11 years ago, Ray and Robin Sanchez realized how this industry was their answer to providing more for their family of 11. Ray, a top local Michigan musician, and his wife, Robin have experienced great success with two different companies. Their passion is to help others, just like themselves, who desire more for their families.
After seven years in the industry and downturn of the economy, Robin found her business struggling. “When people are just trying to put food on their tables, they will sacrifice the expense of name brand face and foot creams,” Robin says.
In 2011, in an effort to find an answer to turn finances around, Ray joined a health and wellness company with a 90-day challenge platform and realized success early on. Robin soon joined him and the couple went on to build a successful business.
With Vemma having explosive growth and doubling in sales in the last year, they found themselves intrigued with the possibilities to lead even more people to greater success. “We have seen it proven again and again that timing is more important than skill,” says Ray. “There are so many facets of Vemma we fell in love with. We are impressed with this
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Nu Skin Q3 Revenue Down 30% To $638 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced third-quarter results with revenue of $638.8 million, the top end of the company’s prior guidance and a 30 percent decline from the prior-year period.
Comparable revenue in the third quarter of 2013 included $203 million in sales from the company’s limited-time introduction of its ageLOC® TR90® weight management system.
Revenue for the third quarter of 2014 was negatively impacted three percent by foreign currency fluctuations. Earnings per share for the quarter were $1.12, ahead of expectations, versus $1.80 in the prior-year period.
“We made significant progress during the third quarter,” said Truman Hunt, president and chief executive officer.
“We believe our business in China is stabilizing as we are seeing improving trends in the early sales leader pipeline, we strengthened our capital structure and balance sheet flexibility, we are making good progress in our product development efforts, and we generated positive operating cash flow.
We have also seen continued enthusiasm among our sales force at recent sales leader conventions in our South Asia/Pacific, Greater China and Americas regions.
“Our sales results are heavily impacted by our product launch schedule. Last year’s second-half launch, which generated approximately $550 million in sales, provides a difficult year-over-year
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Oriflame Q3 Profit Above Forecast
by Nicole Dunkley • • 0 Comments
Oriflame Cosmetics Russian sales stabilized in the third quarter after the beauty products retailer made changes to a compensation plan for sales representatives in the country. The stock rose the most in more than a decade.
Oriflame’s adjusted operating profit totalled 19.7 million euros (15.44 million pounds), topping a mean forecast of 16.8 million in a Reuters poll of analysts. Revenue in Russia rose 1 percent at local currency rates in the three months through September, the Luxembourg-based company said, the first growth in more than a year.
Oriflame, which gets about half of sales from the countries of the former Soviet Union, reported estimate-beating third-quarter earnings, resulting in a record share rise.
Changes to the so-called Success Plan for employees “are starting to deliver results,” the company said today without elaborating. The Russian sales growth comes after global cosmetics leader L’Oreal SA reported higher revenue in the country yesterday.
“We can see positive trends in Russia with growth in the third quarter and positive continuation into the fourth quarter,” Oriflame Chief Executive Officer Magnus Braennstroem said. The retailer has had operations in the country since 1992.
Oriflame and L’Oreal join western European consumer-products companies reporting surprisingly good growth in Russia in the third
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Mannatech Elects Eric W. Schrier to Board Of Directors
by Nicole Dunkley • • 0 Comments
Mannatech Incorporated, the pioneer of nutritional glycobiology, and leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, and creator of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, announced the appointment of Eric W. Schrier to the Board of Directors, effective October 28, 2014.
Stanley J. Fredrick, Chairman of the Board of Mannatech, Incorporated, commented, “Mr. Schrier brings a wealth of valuable experience in digital and print media, customer acquisition, and direct selling.”
Mr. Schrier, age 62, served as President and CEO of The Reader’s Digest Association where he was responsible for $2.4 billion in revenue and 4,500 employees and more than 100 million customers in 70 countries during his tenure from January 2006 to March 2007. Since June 2013, he has served on the Board of Directors as Chairman for Edible Media, a multi-platform media company in the farm-to-table food space.
He currently serves on the Boards of Directors for TEN (The Enthusiast Network) (since January 2011), American Chemical Society (since June 2012), Reader’s Digest Association (since April 2014), and MeQuilibrium (since October 2011). He has previously served on the boards of Willow House (from July 2009 to December 2013), Demdex Corp (from July 2009 to January 2011), and Bonnier
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Avon Products’ Rating Cut To Junk By S&P
by Tina Williams • • 0 Comments
Standard & Poor’s Ratings Services on Monday cut beauty products direct seller Avon Products Inc. corporate rating to junk, citing the company’s slower-than-expected progress to improve business and weak results, particularly in the U.S. and Brazil.
“Some of the company’s issues are deeper than we anticipated,” S&P said, cutting Avon’s corporate rating to double-B-plus, one notch below investment grade. While the company has a good geographic diversity, the rating agency said, “it will take time to re-engage its active representatives and rebuild sales growth.”
S&P, however, kept the company’s outlook at stable, signaling an expected improvement.
Founded in 1886 by David H. McConnell, a traveling book salesman, Avon became known for a growing sales force of women—the Avon Ladies—and its trademark “Avon calling!” But the New York-based company has been struggling to grow sales and attract and retain sales representatives.
Avon, which in July reported another quarter of disappointing sales and lower profits but said its U.K. market had reported the first quarter of sales growth since 2010, is the midst of a multiyear restructuring plan that the company is hoping will result in $400 million in savings.
About Avon
Everyday, Avon brings beauty to the lives of women all over the world. At Avon, beauty means finding the right lipstick
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Talk Fusion: “We’re Just Getting Started”
by Nicole Dunkley • • 0 Comments
When Direct Selling veteran and philanthropist Bob Reina established Talk Fusion in 2007, his vision to bring people together with the power of video went global. Every moment since then has been history in the making, foreshadowing the exciting future to come.
With Independent Associates in over 140 countries, Talk Fusion continues to make dreams come true and change the way people around the world communicate and market their businesses. Talk Fusion’s in-house team of product developers prides itself on taking a creative approach to breaking communication barriers.
In 2007, Talk Fusion’s premier product Video Email ended the era of boring black and white emails. Now, in 2014, the upcoming release of CONNECT Video Chat will change communication as we know it again: using WebRTC technology, people around the world will soon be able to chat face-to-face on any device, anywhere, at any time.
In their company-wide live broadcast on November 4, Talk Fusion Founder & CEO Bob Reina and VP of Training & Development Allison Roberts confidently announced to Associates that the company is on the cusp of greatness.
“It’s a great time to be us,” said Founder & CEO Bob Reina. “We do a great job at developing new technology and adding
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Nerium’s Amber Olson Rourke Named Finalists In 11th Annual Stevie Awards For Women In Business
by Nicole Dunkley • • 0 Comments
Nerium International™, the leader in age-defying skincare products, and its Chief Marketing Officer, Amber Olson Rourke, have been recognized as finalists in the 11th annual Stevie® Awards for Women in Business and will ultimately be a Gold, Silver or Bronze Stevie Award winner in the program.
Nerium was selected as a finalist in the Fastest Growing Company of the Year and Company of the Year – Consumer Products categories. Additionally, Olson Rourke was named as a finalist in the following categories: Female Entrepreneur of the Year – Business Services; Woman of the Year – Advertising, Marketing & Public Relations; Young Female Entrepreneur of the Year and Women Helping Women – Business.
The Stevie Awards for Women in Business honor women executives, entrepreneurs, employees and their companies. The Stevie Awards have been hailed as the world’s premier business awards.
Gold, Silver and Bronze Stevie Award winners will be announced during a gala event at the Marriott Marquis Hotel in New York on Friday, November 14. Nominated women executives and entrepreneurs from the U.S.A. and several other countries will be in attendance. The event will be broadcast live on radio in the U.S.A. (and simulcast worldwide) by Biz Talk Radio and taped for a later
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Zija International Provides Update On Charitable Arm’s First Year
by Nicole Dunkley • • 0 Comments
It’s been a little over one year since Zija International launched The Zija Miracle Foundation, the company’s charitable arm. Zija recently provided an update on the foundation, including what they’ve been able to accomplish and plans for the future.
The foundation’s name pays tribute to Moringa oleifera—nicknamed nature’s “miracle tree”—which is the basis of Zija International’s flagship Core Nutritionals product line.
The Zija Miracle Foundation began by focusing on helping elderly individuals who have been abandoned, as well as young orphans, near one of Zija’s Moringa oleifera farms in Northern India. Since then, they have been able to provide a number of needed items such as cooking supplies, stoves, bedding, and a 2nd floor expansion, which allows the home to take in and help more individuals.
The partnership in India has also led to other opportunities to serve others in need around the world.
In 2011, the devastating Tohoku earthquake and tsunami shattered lives and communities in Japan. Over three years later, the country is still working to recover from the aftermath. This past year, members of Zija Nation in Japan were able to provide support and much-needed service to the community of Sendai, one of the country’s hardest-hit areas.
Just one month after the