According to a TV Station based in Colombus, Ohio, USA, Longaberger has gone out of the Direct Sales business.
Tami Longaberger, who led The Longaberger Co., a direct seller of home and lifestyle products, since her father died in 1999, resigned as chief executive officer and director of the company in 2015, followed by a lawsuit.
Longaberger parent company CVSL announced in 2015 that John Rochon Jr., vice chairman of CVSL and son of the CVSL chairman, took over as Longaberger chairman, president and CEO.
The company Dave Longaberger founded in 1973 became a $1 billion business in 2000, when it employed more than 8,200 people.
Tami Longaberger became president of the company in 1994, while her father remained as chairman. She took more of a leadership role as her father battled kidney cancer in his final years.
The Ohio, USA based company has struggled for more than a decade, with sales plummeting to roughly $100 million annually and employment dwindling to 230 employees, including 68 at its Newark corporate office, which had 500 employees shortly after it opened in 1998.
The local newsagency reports:
“A local American treasure has gone out of business, shutting down after decades of making hand-made baskets.
The Longaberger Company, a name known
Tag Archive for Out Of Business
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Stemtech Teams Up With New Investment Partners
by Ted Nuyten • • 0 Comments
According to a press release:
The Stemtech global family of companies have officially joined forces with a synergistic group of experienced businessmen who will add significant value to the team in the areas of finance, product development and global strategic planning.
Ray Carter, a Director of many of the Stemtech sister companies around the world, views this as a major positive milestone for Stemtech.
“Today Stemtech has restructured its ownership to take the business to new heights.
After several unforeseen challenges over the past few years, we are ready to refocus on growth to fulfill our important mission to the world”,
Carter stated.
Stemtech’s global family of companies earned a place on Inc Magazine’s List of Fastest Growing Private Companies an impressive four times (2010, 2013-2015) and is poised to regain momentum after also launching advanced formulas of its unique products over the past year.
About Stemtech
Originally founded in 2005, Stemtech has pioneered a new category of dietary supplement – stem cell nutrition, which has changed the landscape of health and wellness forever. Stemtech’s one-of-a-kind natural products are designed to support the body’s renewal system of adult stem cells.
For more information, please visit http://www.stemtech.com
Hot Business News Today
Kleeneze Ceases Business 5,000 Distributors In Shock
by Ted Nuyten • • 0 Comments
UK based Kleeneze Limited, which employs 71 people at its warehouse in Heywood has ceased to trade, and all positions are at risk.
The 95-year old direct sales organisation sells and distributes a wide range of household and beauty products through an active network of around 5,000 independent sales distributors.
Joint Administrator David Acland said: “Kleeneze has performed well over the years and has a strong network of independent sales distributors. Unfortunately, tough trading conditions have resulted in the business entering administration.
“The business has ceased to trade but we would urge any parties interested in acquiring the business to contact us as soon as possible.
In the meantime, we are assisting employees and stakeholders during this difficult period.”
Usdaw, the trade union for Kleeneze staff, is seeking urgent meetings with the administrators in a bid to protect members’ jobs at the Greater Manchester based business engaged in home shopping and direct selling of cleaning products, gifts and homeware.
Annette Bott – Usdaw Area Organisers says: “This is clearly a difficult and upsetting time for the 140-staff based in Accrington and Heywood. We are pressing the administrators to find a buyer for the company who will protect jobs and keep the business going.
In the meantime we are
Hot Business News Today
Avon Closes Down In Australia And New Zealand After 50 years 21,000 Reps In Shock
by Ted Nuyten • • 0 Comments
In a statement, the company confirmed Avon would close its operations in Australia and New Zealand by the end of the year, leaving the company’s 220 staff and more than 21,400 representatives facing an uncertain future.
The statement read:
“As part of the company’s strategy to return Avon to long-term sustainable profitable growth, the focus will be on markets with the greatest potential for future growth to support its vision of becoming the world’s leading social beauty company.
“In line with this, after a thorough deliberation on our performance, the direct selling conditions in the market, and potential for growth, we have considered all options for the business and it is with much sadness that we are announcing our decision to exit the Australia and New Zealand markets.”
Current and former Avon reps have bombarded the Avon Facebook page with messages of disapproval.
Avon ANZ president and managing director Sharon Plant said it was a “sad day” for the company’s employees and representatives.
“As a management team our commitment and focus over the coming days, weeks and months is to support our people and the wider Avon community who are impacted by this decision,” she said.
“I would like to thank all the employees, representatives and customers
Hot Business News Today
Empower Network Files For Bankruptcy
by Ted Nuyten • • 0 Comments
In a Facebook Video Founder David Wood announced, Empower Network has filed for Bankruptcy. The company who in the past
Grown from $1.5 million a month, to $1.5 million a week in sales.
Grown from around 50,000 customers, to over 197,000 customers.
Grown from 5 employees, to over 105 employees.
Got down from $7 million per month to $300,000 per month.
Once the home of top leaders as Lawrence Tan, Shaqir Hussyin, Vick Strizheus, Justin Verrengia, Tracey Walker, Chuck and Christie Marshall, Aaron and Sophia Rashkin, Kevin Knecht, Tissa Godavitarne and many others.
Empower Network hosts one of the largest blogging communities and publishing platforms online in addition to providing educational training products and services to online marketers and start-up, home-based and small businesses. Empower Network offers a program through which affiliates can earn commissions off the sales of Empower Network products.
Headquartered in St. Petersburg, Fla., David Wood and David Sharpe founded Empower Network in 2011 to empower small-business owners to make money online without dealing with the technical, marketing, payroll and overhead challenges that frustrate many entrepreneurs and small-business owners.
Empower Network’s signature product is a viral blogging system geared toward helping its 30,000 affiliates and 70,000 members use the Internet to grow their
Hot Business News Today
ForeverGreen – FgXpress Substantial Doubt To Continue As A Company
by Ted Nuyten • • 0 Comments
In an in-depth report, Duane Bair, research Analyst of Seeking Alpha, a not-so-friendly website for Network marketing companies, points out that ForeverGreen is running out of capital:
Duane Bair:
Almost half of the company’s members left in 2016 (45.5%), marking the worst year for member retention in recent company history.
With an accumulated deficit of $42.7 million and less than $200,000 of cash on the balance sheet, the company is quickly careening toward complete insolvency.
This year (2017), the company has $1.7 million of debt coming due. Operating cash flow is negative, the balance sheet has $187,000, and the company has been unable to get financing through traditional lenders.
It should not come as a shock that management has finally disclosed that there is substantial doubt regarding their ability to continue as a going concern.
“Through a series of
Hot Business News Today
Maelle Beauty Out Of Business – Younique Products Sued The Company
by Ted Nuyten • • 0 Comments
7,000 Maelle Beauty distributors (mentors) are in shock, due to a legal dispute with Younique products, the company has to cease business for 5 months.
Maelle Beauty was founded by Chris Welch former VP of International Marketing for Younique, and Ros Simmons, former CEO of Virgin Cosmetics & former Product manager for The Body Shop.
Yesterday the company (Chris Welch) send out the next message:
“Dear Maelle Mentors,
Since our interception, we have experienced incredible success. In less than a year, we have built a brand we love, grown to more than 7,000 strong in five countries and brought over 20 innovative, high-quality products to the market. All of this provided you, our Mentors – the lifeblood of our business – with a compelling platform to build incredible teams, establish lifelong friendships, and create lasting success.
Hot Business News Today
Stemtech International Files For Bankruptcy – Thousands Of Distributors in Shock
by Ted Nuyten • • 0 Comments
Stemtech International, is an USA based network marketing company and offers “innovation, wellness and prosperity” in the global marketplace with a patented and patent-protected line of all-natural nutritional products that can be purchased only from Independent Business Partners.
In 2015 the company had a revenue of $52 million in 2016 $43 million.
This month Stemtech’s CEO and founder Ray Carter has filed for Chapter 11 bankruptcy, leaving thousands of distributors in the dust.
According to Stemtech reasons for the bankruptcy is a long lasting and lost lawsuit against Andrew Paul Leonard a photographer of stem cells, as a lawsuit against a supplier of raw materials Cerule. Total amount creditors is approx. $5 million.
In August 2015 Inc. Magazine has included Stemtech International Inc. on its List of the Fastest-Growing Private Companies in America for the third consecutive year. Stemtech
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Yevo Closes It’s Network Marketing Operations
by Ted Nuyten • • 0 Comments
Yevo, based in Utah, USA – a B classified company by Business For Home was launced in February 2015, co-founder and master distributor was Jason Domingo.
According to a corporate message:
“After careful consideration, Yevo will be winding down its network marketing business and, ultimately, its remaining operations.
We expect that, within the next 6 months, Nutrient Foods, the inventor and licensor of our products, will continue to fulfill your auto ship orders, and will launch a direct to consumer company with new packaging, a new name, and with products that are available for anyone to purchase through a new website.
During this transition period, if you are currently on monthly auto-ship, we will continue to send you your order. To change or to cancel your order, just log into your account (or create a new account
Hot Business News Today
5 Star Signals Out Of Business
by Ted Nuyten • • 0 Comments
5 Star Signals – a B classified company by Business For Home – provided Forex Education for newbies and seasoned traders, as well as Passive Forex, managed accounts, with a direct selling compansation plan.
The company was headed by co-founder and CEO Mariska van de Langenberg and Dean Black.
B Classified means “Business For Home concludes that the current information about the company is insufficient to assess the balance of benefits. Information is lacking, of poor quality, or conflicting, and the balance of benefits cannot be determined.”
Dean Black was the 5 Star Signals head analyst and Mariska van de Langenberg claims over $180,000 in commissions owed to 5 Star Signals affiliates is lost by Dean Black:
Mariska van de Langenberg:
In the past months over $180k in commissions have been generated and all of