Two social workers moved the Nagpur bench of Bombay High Court against Amway Company accusing it of selling many products without approval from Food Safety and Standard Authority. Sachin Khobragade and Jammu Anand claimed in their PIL (No. 69/2014) that the company got approval to sell only four products, but it was selling 36 products, flouting the norms.
A division bench comprising justices Bhushan Gavai and Vinay Deshpande then issued notices to Food Safety and Standard Authority through its chief executive officer, union health secretary, food safety commissioner and Amway India Enterprises Limited, asking them to reply within three weeks.
The petitioners stated that nutrilite products sold by the company didn’t comply with strict quality and quantity norms and labels used on its boxes were misleading. They had apprised of the Food and Drugs Administration (FDA) commissioner many a times but no action was taken. They demanded investigations into all its products from the Food Safety and Standard Authority.
Originally reported by: Times of India
About Amway
With more than 50 years of experience, Amway now holds the top spot in direct selling in key markets like China, India, Japan and Thailand, and is a recognized leader in the industry globally. Reflecting 2011’s substantial gain,
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“Pyramid Scheme Or Not, Herbalife Is Tanking”
by Tina Williams • • 0 Comments
The LA Times released the following article today, making a bold prediction about industry giant, Herbalife:
In December 2012, Hedge fund investor Bill Ackman painted a huge bull’s-eye on the back of Herbalife, labeling the Los Angeles nutritional supplements company an illegal pyramid scheme and placing a $1-billion short bet against its shares.
Ackman supported his bet with a 334-slide PowerPoint presentation that eviscerated the company in heroic detail. Whether Herbalife’s business model is illegal — ongoing investigations by federal and state authorities have that issue, and others, under scrutiny — much of what Ackman said at the time appears well-taken today.
So far this year, Herbalife’s shares are down about 43% — including a roughly 20% drop Tuesday (as of this writing) after the company shocked investors with a bad quarterly report and a pessimistic view of the future Monday. Its shares are currently trading below $45. Ackman, whose short bet is thought to have been made at about $50 a share, appears to be back in the black, after having faced a hefty loss when the stock reached the low $80s earlier this year.
As Ackman observed, Herbalife’s business model has long been questionable, relying on overhyped products, an almost invisible research-and-development program, and the targeting
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Noal Floyd – Brain Abundance Top Earner Interview
by Ted Nuyten • • 0 Comments
Noal Floyd from Central City, Kentucky, USA is one of the Top Earners in Brain Abundance.
Noal Floyd has been recognized as one of the top recruiters and leaders in Brain Abundance. His experience with MLM started at a very young age through his parents successful involvement in a top ranked company.
Noal began his career only after he had hit rock bottom in the corporate world. Knowing that the industry worked, he was able to execute a plan a of action that allowed him to walk off his job in just a few short years.
Noal’s choice to partner with Brain Abundance was simple. “It is a breath of fresh air to the industry” he states. With a product that has a proven track record and the simplicity of the marketing plan, it makes it quite simple for anyone to have results with Brain Abundance.
Brain Abundance launched worldwide in January 2014 and quickly grew to over 15,000 members. Now shipping to over 160 countries, it’s growth continues to greatly exceed the expectations of the company’s founders.
Ted Nuyten had to honor to interview Noal Floyd.
Noal, what was your opinion about MLM before you got involved, did your parents influence you?
I knew the
Hot Business News Today
Noal Floyd – Brain Abundance Top Earner Interview
by Ted Nuyten • • 0 Comments
Noal Floyd from Central City, Kentucky, USA is one of the Top Earners in Brain Abundance.
Noal Floyd has been recognized as one of the top recruiters and leaders in Brain Abundance. His experience with MLM started at a very young age through his parents successful involvement in a top ranked company.
Noal began his career only after he had hit rock bottom in the corporate world. Knowing that the industry worked, he was able to execute a plan a of action that allowed him to walk off his job in just a few short years.
Noal’s choice to partner with Brain Abundance was simple. “It is a breath of fresh air to the industry” he states. With a product that has a proven track record and the simplicity of the marketing plan, it makes it quite simple for anyone to have results with Brain Abundance.
Brain Abundance launched worldwide in January 2014 and quickly grew to over 15,000 members. Now shipping to over 160 countries, it’s growth continues to greatly exceed the expectations of the company’s founders.
Ted Nuyten had to honor to interview Noal Floyd.
Noal, what was your opinion about MLM before you got involved, did your parents influence you?
I knew the
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MONAT Announces New President
by Tina Williams • • 0 Comments
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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MONAT Announces New President
by Tina Williams • • 0 Comments
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.
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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