Without a warning or a message from corporate, ViVI Jewelry has filed for bankruptcy. In the past, top consultants have earned more than $1 million in sales.
It is one of reasons why we have published our Business For Home App as distributor you need to be well informed; ViVi jewelry had a B rating….
In April 2014, founder Debra Lin sold the company to industry veteran Debbie Millar.
According to a message from ViVi Jewelry leader Merry McCallum:
“Friends and jewelry fans, it is with a heavy heart that I share the news that ViVi Jewelry filed for bankruptcy today. I did not know this was coming, so it was shock to me as much if not more than it is for you.
I have loved this business for the last 8 years and have loved
Tag Archive for Out Of Business
Hot Business News Today
Boresha International Closes Down
by Ted Nuyten • • 0 Comments
Founded in 2007, Boresha is headquartered in Walnut Creek, California. Through its partner companies Boresha manufactures, distributes and sells a line of weight management beverages and associated health and wellness products.
The business is primarily marketed through a Multi-Level-Marketing (MLM) distribution model supported by 29,000 U.S.-based distributors with an expansion market with significant international opportunities.
According to a message on the corporate website:
Dear Shareholders, Distributors, Customers, Affiliates, and Staff,
I wish to thank everyone for the trust and confidence that you have placed in me and my team for the last nine years that Boresha has conducted business.
I have been extremely fortunate to have known you and worked with you. Boresha has manifested excellence in many lives on many levels, and for that I am very well pleased.
I wish to extend
Hot Business News Today
Silpada Design Jewelry Shutting Down
by Ted Nuyten • • 0 Comments
Three years after buying back its company from Avon, a Silpada Designs says the Lenexa family-owned business is beginning the process of closing down.
Silpada Designs was founded by Jerry and Bonnie Kelly and Teresa Walsh. It began as a home party jewelry business but quickly expanded far beyond Lenexa, Kansas, USA.
In 2010, Silpada Designs sold their company to Avon Products Inc. for $650 million, but bought it back for a fraction of that at $85 million in 2013, according to the KC Business Journal.
In a news release sent out Tuesday afternoon, Silpada’s Vice President of Marketing, Andrea Carroll, says independent representatives will have through July 31st to sell Silpada jewelry and earn commissions.
A Silpada dealer posted the following on their Facebook page ahead of the official announcement.
“While we are deeply saddened, we
Hot Business News Today
Sozo Global Restructures
by Ted Nuyten • • 0 Comments
Sozo Global restructures and that triggers a lot of rumors. Canadian third party logistics provider MMP Enterprises has moved to seize inventory and liquidate via auction in an effort to recover invoices defaulted on for services performed.
Master distributor Ken Dunn has left the company which he joined in November 2015, as president Trey Knight.
We reached out to Ken Dunn who stated:
“I resigned from the company in April due to mis-stated facts about the company.”
Mark Adams, CEO Sozo Global has reached out to Business For Home and stated:
“Ted, we are reorganizing our business after 7 years in this industry. However unfortunately during this past 7 years we have accumulated some enemy’s.
I suspect rumors are submitted by xxxx (name removed). It is false and slanderous. XXX is very disgruntled with SOZO just as xxxx
Hot Business News Today
iMarketslive Financial Problems And Company Website Off line
by Ted Nuyten • • 0 Comments
Seems iMarketslive is down the drain and not paying commissions any more, the company website has been down the last day several times.
International Markets Live (iMarketsLive), is founded in 2013 by President and CEO Christopher (Chris) Terry and based out of New York in the USA. iMarketsLive offers an educational trading platform (Forex) that provides an opportunity to enter into the trading industry and build a referral network.
According to the company 50,000+ distributors are in the company. According to insiders, Chris Terry runs the office out of hotel room.
Customer service phone number on bank statements goes to a record company in New York. Commissions haven’t been paid for the past two weeks on all parts of the compensation plan except Direct Commissions
The field is being told that customer service is
Hot Business News Today
Miche Bag Closing Down
by Ted Nuyten • • 0 Comments
Allthough no official press release came out several sources report Miche Bag is closing down and on Miche’s Facebook page they have announced a liquidation sale: https://www.facebook.com/OfficialMiche
Miche, LLC specializes in hand and shoulder bags based on a system of magnetic interchangeable bag covers and accompanying accessories.
The company was founded in 2005 by Michelle Romero and Annette Cavaness. In 2004, Romero thought of an idea to change the outside of a handbag, without physically changing the bag itself. She created a prototype by taking apart her own bag and revamping it using super glue and scrap fabric.
According to Mystylepurse.com:
It’s with a very heavy heart that I pass on that Miche has decided to close operations effective March 24th.
I want to share with you that they are liquidating inventory and once it’s gone, it
Hot Business News Today
Ava Anderson To Re-brand And Reopen Without Founder Or Her Family
by Nicole Dunkley • • 0 Comments
Ava Anderson, which was started six years ago by a 15-year-old Moses Brown School student, announced Tuesday that it will continue under a new brand and without its founder and her family.
The company, which shared a name with its founder, sold makeup, creams, soaps and other goods that were non-toxic and had no chemicals and dyes.
On its website, the company has stated that although Ava Anderson LLC is closing:
“Our capable management team with a combined 150 years of experience in the direct sales industry will re-open with a new company, brand and many of the same wonderful products that our customers have grown to love, within days of our closure next month.”
In its statement, the family said it made the decision to close the company, in part because some of their suppliers
Hot Business News Today
Ava Anderson Out Of Business
by Ted Nuyten • • 0 Comments
According to a message to the distributors:
Dear Ava Anderson Customers,
Thank you for your patience – the Ava Anderson website and shopping cart are temporarily unavailable and will be live again soon to purchase final approved products.
The Anderson Family has made the difficult decision to end their 6-year journey by closing what you have come to know as Ava Anderson LLC. (Please read their heartfelt message below).
However, the Management Team at our RI-based home office will pick up the torch and carry it forward. We are diligently working to continue to offer the great products you have experienced over the past 6 years under a new brand. It is our intention to transfer all the great aspects of the company you currently know.
We appreciate your commitment and patience as we work through this
Hot Business News Today
Nikken – Large Numbers Of Top Leaders Resign
by Ted Nuyten • • 0 Comments
Seems that Nikken has lost 90% of his top distributors as President Ben Woodward, according to our sources. In July 2015 Nikken has already closed down 14 international markets.
Kurt H. Fulle Chairman & Chief Executive Officer has send out the next message to the database:
“Dear Nikken Consultants and Customers:
Recently there have been some changes in the Nikken Global family. As some of you may have already heard, it is true that several Royal Diamonds, Diamonds and some of their entourage have made the decision to leave Nikken. Ultimately, they did not agree with my vision of Nikken 2.0. Their “Why Nikken” had run its course. We wish them well in their pursuit of other interests.
I want to assure you that Nikken Global is bigger than any one individual or self-proclaimed group of
Hot Business News Today
LiveSmart 360 – Out Of Business
by Ted Nuyten • • 0 Comments
One of the most important basics for a Direct Selling Company: Does the CEO have MLM – Network marketing field leadership experience?. If not, it rarely will be a succesfull journey….
In March 2015 we reported LiveSmart360 was in trouble: Leaders not paid, vendors not paid, employee lay-offs.
Chuck Hallberg, an investor without MLM field leader experience, and CEO, took over in Early 2014 replacing Founder Mark McCool. Contrary to the statement provided to us by the Company, this transition was not peaceful.
According to an email to the distributors:
“It is with deep regret that we write to formally inform you of the permanent closure of all LiveSmart 360 & Sora Wellness business operations.
We have had a long history within our industry and have forged many friendships and invaluable partnerships around the world; but have since found it impossibly