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Modere Acquires Jusuru
EWPORT BEACH, Calif., Jan. 18, 2017 -- Modere, the first social retailer to create a safe and forward-thinking approach to overall wellness, today announced that it has reached an agreement to acquire Jusuru International, Inc. ("Jusuru"), the company behind Liquid BioCell™, a new generation of nutraceuticals for healthy aging, active joints and younger-looking skin that has been backed by multiple clinical studies and seven U.S. and international patents. Terms of the transaction were not disclosed.

Modere offers a category-leading portfolio of live clean lifestyle essential consumer products. Its offerings include safe and effective products for health, wellness, beauty, personal care and household care, which are distributed through its innovative Social Retail model. Modere is a portfolio company of Z Capital Partners, L.L.C., a leading alternative asset management firm with $2.2 billion in regulatory assets under management across complementary private equity and credit businesses.

The addition of Jusuru to Modere will accelerate the international expansion of Jusuru's award-winning Collagen/HA Matrix Technology™ and fuel future Modere health, wellness and personal care products. Jusuru will become the new Modere Collagen Sciences™ division, and will be led by Jusuru's co-founder and President Asma Ishaq. During the gradual integration process, both companies' businesses will continue to operate as usual.

"We are excited to join forces with Jusuru and market its patented, science-based collagen and HA (Hyaluronic Acid) products. Modere is experiencing significant success with our global Social Retail model and rapid growth in the United States. The acquisition of Jusuru will further expand our reach to position Modere to meet our global goal of 10 million healthy homes by 2020," said Robert S. Conlee, Modere's Chief Executive Officer. "Both companies have a shared mission and commitment to developing safe and effective products, and Jusuru's customer-based direct sales philosophy aligns with Modere's new Social Retail model, providing an income opportunity for everyday entrepreneurs while benefiting our customers worldwide."

"We are thrilled to bring our unique nutraceutical collagen technology to Modere and align ourselves with the company's live clean philosophy," said Asma Ishaq. "Modere's customer-centric Social Retail model, which is the future of direct sales, capitalizes on the rapidly changing retail landscape. By leveraging Modere's modern marketing and global support, we look forward to introducing Liquid BioCell™ internationally and providing greater opportunities for our sales force of Independent Representatives to bring health and wellness benefits to individuals worldwide."

"I am proud of Modere's continued growth through its category-leading portfolio, innovative Social Retail business model and best-in-class global market delivery," said James Zenni, President and Chief Executive Officer of Z Capital. "The addition of Jusuru will create immense opportunity to diversify its offerings by utilizing Jusuru's patented superior collagen products. The breadth of our collective expertise in marketing safe, innovative health and wellness products will create additional opportunities for Modere. Z Capital looks forward to welcoming the Jusuru team members and continuing to support Modere's success."

 

FTC Sending Checks to Herbalife Distributors
January 10, 2017 -- The FTC announced it is mailing checks to almost 350,000 Herbalife distributors as part of the ettlement with Herbalife. Herbalife agreed to pay $200 million and to restructure its business in order to avoid being classified as a pyramid scheme. Herbalife publicly disagreed with the FTC's allegations but said it was settling to avoid the costs associated with litigation.

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Coty Buys Majority Stake in Younique
New York – January 10, 2017 – Coty Inc. announced today that it has entered into a partnership with the Founders of Younique, a leading online peer-to-peer social selling platform in beauty. Under the proposed agreement, Coty intends to acquire 60% of Younique while the Founders will own the remaining 40%. Younique’s Founder and current CEO, Derek Maxfield, and Chief Visionary Officer, Melanie Hus... [ Click Here ]

 

Vemma Settle with FTC
Tempe, AZ- Vemma Nutrition Company (“Vemma”) is pleased to announce that it has reached a settlement with the Federal Trade Commission (“FTC”), bringing an end to the FTC’s lawsuit against Vemma that was filed just over 16 months ago.

For Vemma, there are three key components of the settlement.

First, despite the FTC’s initial allegations, the settlement contains no admission of faul... [ Click Here ]

 

XANGO Launches 12 Days of Giving Campaign
LEHI, UT--(December 21, 2016) - XANGO, a global wellness and direct sales leader, is marking a successful 2016 by mobilizing its worldwide force of distributors for the '12 Days of Giving' campaign to help support children and families in need. Leading up to Christmas, the company is spreading goodness and inviting people to purchase XANGO Meal Packs to provide much-needed nutrition to malnourishe... [ Click Here ]

 

ViSalus CEO Steps Down
LOS ANGELES, Dec. 22, 2016 -- ViSalus CEO Ryan Blair today announced a new investor group and corporate restructuring designed to strengthen the company's balance sheet. As part of this transaction, Blair announced he is stepping down as CEO to devote more time to his venture capital firm and towards mentoring leading tech innovators. Blair will hand the reins to ViSalus Co-Founder Nick Sarnicola,... [ Click Here ]

 

Nu Skin CEO to Leave
PROVO, Utah, Dec. 7, 2016 -- Nu Skin Enterprises today announced a senior management transition plan. Truman Hunt, who has served as the company's president and chief executive officer since 2003, has accepted a three-year leadership assignment for The Church of Jesus Christ of Latter-day Saints beginning in mid-2017.

The Nu Skin Board of Directors has announced that Ritch Wood will become... [ Click Here ]

 

USANA Health Names Kevin Guest CEO
November 24, 2016 -- USANA Health Sciences, Inc., a manufacturer of nutritional supplements, healthy foods and personal care products, announced Wednesday the appointment of current Co-CEO, Kevin Guest, as CEO of the company, as Dave Wentz has made the personal decision to step down as Co-CEO and a Board member.

The company said it will no longer utilize a Co-CEO management structure. The U... [ Click Here ]

 

FTC Sends Checks to Former FHTM Representatives
November 8, 2016--The Federal Trade Commission announced it will mail checks totaling more than $3.7 million to provide partial refunds to almost 300,000 former independent representatives of Fortune HiTech Marketing (FHTM), which was sued and shut down by the FTC and Kentucky state regulators in 2013. FHTM settled the lawsuit and agreed to pay for the partial refunds. The FTC said it may have a... [ Click Here ]

 

Tastefully Simple Streamlines Operations
(Alexandria, Minn.) November 9, 2016 – Tastefully Simple announced a restructuring plan today. These changes result in the reduction of 39 team members at its headquarters; over 140 people remain employed. In addition, Tastefully Simple has thousands of independent sales consultants across the nation who will continue to operate their home-based businesses as usual.

“It’s important to strea... [ Click Here ]

 

Herbalife Nutrition Announces CEO Transition Plan
November 01, 2016 LOS ANGELES--Global nutrition company Herbalife Ltd. today announced that consistent with the Company’s planned succession strategy, Michael O. Johnson, Herbalife Nutrition’s chief executive officer (CEO) since 2003 and chairman since 2007, will transition to the role of executive chairman of the Company, effective June 1, 2017. At that time, Richard P. Goudis, currently chief op... [ Click Here ]

 

Thirty One Gifts Offers Holiday Products That Give Back
(COLUMBUS, OH) – November 1, 2016 – Direct-selling retailer Thirty-One Gifts has released its holiday gift guide and announces that this year all products will give back approximately 5 percent of net total sales to nonprofit organizations that serve and support girls, women and families.

Thirty-One’s gift guide includes special holiday products with new holiday personalization on items suc... [ Click Here ]

 

doTERRA Named International Company of the Year by World Trade Association of Utah
SALT LAKE CITY, Oct. 25, 2016 -- doTERRA International, the world's leading essential oils company, was recognized today as the 2016 International Company of the Year by The World Trade Association of Utah. The announcement was made during the Utah Global Forum.

The Utah Global Forum annually honors one outstanding company and individuals via the following awards: International Company of t... [ Click Here ]

 

Richline Group Acquires Silpada Designs
October 28, 2016 -- Richline Group, Inc., a wholly owned subsidiary of Berkshire Hathaway, acquired select assets of Silpada Designs, including the “Silpada” brand name, its jewelry designs and all sterling silver and fashion jewelry inventory.

From its humble beginnings as a business founded by stay-at-home moms, Silpada saw stunning success, becoming the world’s largest home party seller... [ Click Here ]

 

TelexFree President Pleads Guilty
Worcester, MA - October 25, 2016 -- James Merrill, president of TelexFree, pleaded guilty to one count of wire fraud conspiracy and eight counts of wire fraud in U.S. District Court. Prosecutors called TelexFree one of the largest Ponzi schemes in history, with nearly 1 million people losing close to $1.8 billion.

TelexFree originated in Brazil before moving operations to Marlborough, MA... [ Click Here ]

 

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