Arbonne International, CEO Kay Napier takes charge and protects the Arbonne Family (distributor’s) Successline. Kay Napier is a great business woman, and her move to protect the distributor’s income line, shows how much she believes in the current Arbonne distributor base.
Ty Tribble has also bee following this story over at the MLMBlog.com
Kay Napier shot a great video on exactly what the Arbonne Restructuring means to the Arbonne family.
Here is a little of what Kay Napier explained on this situation.
” On January 27, 2010, we began implementing a “pre-packaged” debt-reduction plan that will strengthen Arbonne financially so we can continue to invest in our business and ensure that the company is well-positioned for the future. This plan will reduce our outstanding debt obligations by more than 80 percent, which will lower significantly the amount of cash we spend on principal and interest payments.
We developed this plan with the support of our lenders. To implement it, Arbonne, along with our parent company, Natural Products Group, and Levlad, an affiliated manufacturing company, have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. ”
Here is the Bankruptcy filing. As you can see it is not Arbonne that causes this situation. Arbonne management as done exactly what is expected and the loyal distributors have continued to build this great brand.” Read On…
The other great woman at Arbonne is long term president Rita Davenport. These two women love Arbonne, and the family who has built it strong.
Living An Epic Adventure,