Network Marketing News Report: Judge Calls Herbalife Settlement Fair and Reasonable

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We look for the most active and important MLM News stories trending and report on them so you don’t have to waste your time trying to find out what is happening in direct selling news.
Nature’s Sunshine Products Named One Of America’s Healthiest Companies For Eight Consecutive Years! – Nature’s Sunshine Products NATR, -1.02% (“NSP”), a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, was named one of the Healthiest Companies in America in 2014 by Interactive Health of Chicago, IL. Interactive Health evaluates approximately 2,000 companies each year, and in 2014, only 158 companies nationwide earned this recognition. Nature’s Sunshine Products was one of only two companies in America that has received this award for eight consecutive years.

Judge Beverly Reid O’Connell called the settlement “fair, adequate and reasonable.” – A Los Angeles federal judge signed off on a $15 million settlement of a class-action lawsuit brought by a former Herbalife Ltd. salesman who alleged the Los Angeles-based nutrition company was operating a pyramid scheme that victimized hundreds of thousands of people a year.

Forbes Reports Avon Valuation Could Fall 40% WHY? – Avon has been on a downhill journey since 2011 (its last profitable year) as its direct selling model is losing market share to retail outlets and online shopping.Our current price estimate of $8.14 for Avon Products is at a more than 10% premium to the current market price. In this article, we list down key scenarios which can lower our valuation for the company by almost 40%.

Hyperwallet’s Board Selects Former SecureNet Executive to Spearhead The Next Phase of Growth – SAN FRANCISCO, May 19, 2015 /PRNewswire/ — Hyperwallet Systems Inc. (“Hyperwallet”), a global leader in the payments industry, today announced Brent Warrington has joined the company as the new Chief Executive Officer. As CEO, Warrington’s top priority will be the expansion into new global markets, such as the emerging collaborative economy segment. Additionally, Warrington will develop tactical alliances with financial services organizations and strategic partnerships with emerging high-tech, high-growth companies.  

Vorwerk Innovations Generate Surge In Sales 2014 Fiscal Year – Wuppertal, May 21, 2015 – Vorwerk is looking back on an extremely successful fiscal year 2014: In the 131st year of the company’s history, the Vorwerk Group closed with a consolidated sales volume of 2.8 billion euros, representing a year-on-year increase of 5.8 percent – a new best result for the Wuppertal-based, family-owned company. The current year also got off to a promising start with sales at the end of the first three months of 2015 already up 19 percent on the corresponding period of the previous year.

Mary Kay Continues Its Commitment To End Domestic Violence – In the US, through August 15, 2015, Mary Kay Inc. will donate $1 from each sale of the limited-edition* Beauty That Counts NouriShine Plus Lip Gloss in two new shades, “Create Change” and “In Harmony.” The initiative provides funding to support The Mary Kay Foundation. During the past 15 years, the Foundation and Mary Kay Inc. have given $50 million to domestic violence prevention and awareness programs to women’s shelters across the country in an effort to end the cycle of abuse.

Why Are Critics Down On Longaberger Baskets? – The company has struggled since the death in 1999 of founder Dave Longaberger. A combination of bad economic times and changing tastes in home decor sent sales from a peak of $1 billion in 2000 to about $100 million last year.  In the most-recent episode, executives at parent company CVSL announced last week that Longaberger will close its retail stores in outlet malls and return to selling products solely through its direct sales force. That announcement followed the shocking departure from the Newark basket-maker of Tami Longaberger, who resigned as CEO of the company her father founded, marking an end to the family’s leadership of the firm.