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Plexus Worldwide Is Ranked #28 On The Most Direct Selling Companies In The World

Plexus Worldwide (Plexus®), a leading health and fitness business, is ranked #28 on DSN’s annual ranking of the world’s highest revenue-generating direct sale firms. Based on earnings of USD 509 million in 2020, an improvement of nearly 9% over the previous year, the current rating represents a good year both in the United States and abroad.
The DSN Global 100 lists business companies by annual sales to demonstrate the multibillion-dollar direct sale industry’s immense effect and opportunity on economies and populations.

Plexus Worldwide Founder and CEO Tarl Robinson said, “We are excited to celebrate this victory with our team members, Ambassadors, and consumers around the world, all of whom helped make this happen during an extraordinary year.” “We want to express our gratitude to Direct Selling News for assisting us in recognizing this achievement by including us in their Global 100 List. In the years ahead, we will continue to work tirelessly for this coveted award.”

Plexus Worldwide launched activities in Mexico in 2020 as part of the company’s global growth strategy. Plexus also hosted its first-ever 2020 Virtual Convention, which drew more than 20,000 foreign Ambassadors. Last year, the organization added more than 115 corporate employees and 350,000 individual direct marketing Ambassadors.

“Plexus was established to spread wellbeing and wellness through scientifically validated goods that can assist people in living healthy lives. Plexus Founder and President Alec Clark said, “We are thrilled to share our brands with as many people as we can around the world.”
“Our Ambassadors and team members, who bring so much passion to Plexus, deserve this recognition.” Plexus was also awarded the Arizona Corporate Excellence Award by the Phoenix Business Journal in 2020 for its contribution to excellence, and it has an A+ ranking with the Better Business Bureau. In addition, the organization becomes the first-ever presenting sponsor of Scottsdale, Arizona’s McCormick-Stillman Railroad Park, demonstrating its contribution to healthier cities and activities in 2021.

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Pm-international Makes A $1 Million Investment In New Warehouse And Administrative Facilities

PM-International AG is expanding its Headquarters Americas in Sarasota, Florida, by 3,500 square feet in the administration building and 7,000 square feet in a second warehouse.

Headquarters Americas is responsible for the company’s administration and supply chain management in the United States, Canada, Chile, and Mexico, as well as assisting with future developments into Central and South America. In the United States, the business hires more than 30 employees, eight of whom were hired after the headquarters opened in 2018. Last year, the company earned GMP certification for its headquarters and distribution center, demonstrating compliance with globally recognized GMP standards for dietary supplement production, packaging, labeling, and handling. This summer, the company’s North Branch offices in Pittsburgh will relocate, with plans to open another new office for the West area within the next year.

“We appreciate a strong local presence as a family-owned business,” Sorg said. “Our premium approach for us entails providing a local service and maintaining personal contact with our customers and partners,” says the company.

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Carl Icahn Sells The Rest Of His Herbalife Stock

Carl Icahn has sold his remaining stake in Herbalife Nutritional Ltd., according to the company.

Following a high-profile dispute with billionaire hedge fund manager William Ackman, who had taken a $1 billion short position in Herbalife stock in 2012 and then launched a campaign against the firm, Icahn Enterprises became an activist for Herbalife, investing over a billion dollars and taking five positions on the company’s Board of Directors.

Because of this investment and Icahn’s advice, Ackman was able to close his short position in the stock in 2018.

In January 2021, Icahn Enterprises returned $600 million in common stock to the corporation and relinquished its five board positions.
Last week, Icahn completed the selling of the remaining stock.

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MONAT Announces Plans For A June 2021 Launch In Spain

MONAT GLOBAL UK Ltd has announced plans to continue its European expansion with a June 2021 launch in Spain. This comes after successful launches in the United Kingdom, Ireland, and Poland in 2018.

“Our company’s successes in Europe have shown that social selling has quickly become a popular way for people to not only buy but also to create their own financial future,” said Ros Simmons, Senior Vice President and Managing Director for MONAT® Europe. “Based on our business development in emerging markets and study in new regions, we realize there has been a real change in consumer expectations for e-commerce companies. Our market partners’ successes in starting their own companies, their ability to spark dialogue, and their ability to motivate a larger network to act and support others, all contribute to MONAT® success. We encourage all of our Market Partners to participate and make their voices heard in the global beauty economy. We know the time is right to take MONAT® further across Europe and expand on the potential for a business model that we’re becoming known for, following the successful launch into the UK, Ireland, and Poland.”

To introduce the business model and invite founding market partners to join the company, the launch will begin with a series of virtual events and regional roadshows. In September 2021, an e-commerce launch will take place. “Since our inception in 2014, MONAT® has experienced exponential growth in the United States, fueled by our excellent research and development of premium products and providing opportunities for personal success for our business partners,” said Stuart MacMillan, President of MONAT® Global. “Our ongoing global expansion plans to introduce our goods, business model, and philosophy to new markets around Europe are supported by this additional European expansion.
According to our comprehensive analysis, Spain has a good potential to adapt our business program and ensure another fruitful expansion into Europe.”

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Amway Contributes $500,000 To India’s Covid-19 Relief Efforts

Amway has contributed $500,000 to a fund led by the US Chamber of Commerce to help with ongoing relief efforts in India. Amway is a member of a group of leading corporations, non-profit organizations, and trade associations that have banded together to support the COVID-19 relief efforts in India. Amway’s contributions will help the country receive essential medical equipment and assistance, including 1000 ventilator and 25000 oxygen concentrators.

The David and Carol Van Andel Family Foundation have also pledged $250,000 to the cause.

Amway’s CEO, Milind Pant, who is also a vice-chair on the U.S. Chamber of Commerce’s U.S.-India Business Council Board of Directors, said, “India is on the hearts and minds of Amway’s global family.” “Know that we are helping our colleagues and friends in India during this pandemic times. Thank you for your bravery and perseverance during the pandemic. We’ll work together to get through this and emerge stronger.”

Throughout the pandemic, Amway has aided India with a $350,000 donation to relief efforts, the manufacture and donation of 12,000 units of hand sanitizer for frontline staff, and a collaboration with United Way Delhi to improve vaccine storage with deep freezers and a vaccination campaign.

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For The First Quarter Of 2021, Newage Recorded A Revenue Of $125.5 Million

NewAge, Inc. reported record financial results for the first quarter of 2021, nearly doubling net sales from the previous year’s quarter to $125.5 million, with a gross profit rise of 111 percent to $87.4 million. The acquisition of ARIIX had a major effect on these figures.

“We concentrated on converging ARIIX and driving organic growth within our direct/social sale division in the first quarter, which saw accelerated top and bottom-line results,” said Brent Willis, Chief Executive Officer.
“Our hundreds of thousands of unique global Brand Partners are leading this on-trend, direct-to-consumer path to market, disrupting the industry with our social selling technology.

In the third quarter, our direct/social selling sector saw a 128 percent rise in revenue year over year, fueled by record growth in Western Europe, Mexico, and the United States.”

The company’s net operating loss improved, and the $17.8 million loss was attributed to a non-cash loss related to the reduction in fair value of the derivative liability associated with the ARIIX acquisition.

“We believe we are well-positioned financially to undertake further market consolidation that will favor our shareholders, in addition to the double-digit organic growth we are experiencing,” Willis said.
“We have signed a letter of intent to acquire Aliven in Japan, which will help us maintain our momentum and quickly return positive EBITDA in this key market for NewAgE,” says the company. We assume that the NewAge Social Selling NetworkTM, combined with our direct route-to-consumer market, is the winning model in the consumer packaged goods (CPG) industry, given the global shift in consumer behavior. We intend to keep expanding the model through 2021, delivering further cost synergies from the ARIIX acquisition, and pursuing strategic acquisitions and partnership opportunities that will benefit all of our value-added stakeholders.”

The organization finished the first quarter with $102 million in cash on hand and $33 million in debt. For the first quarter, adjusted EBITDA was $2.9 million, compared to a negative $6.8 million in the same quarter last year”. Wills said.

“With differentiated health and wellness products and an on-trend direct route-to-market, led by an army of more than 400,000 micro-influencers and Brand Partners, we believe we are stronger and better positioned than we have ever been.”