This week I will be featuring the highlights from the industry news as they appeared on our newsletter. I hope you will agree with me that it was most certainly an interesting year with all the positive and the negative issues.
Please note this is a compilation of news pieces from last year that I personally have found more memorable than the others. I have also included few articles from The World of Direct Selling blog that had attracted interest.
January Ackman, Herbalife and Celebrity Short-Sellers The U.S. Direct Selling Association Responds to Accusations About Direct Selling Business Herbalife in Investor Meeting Says Ackman Pyramid Case Wrong Russian Direct-Selling Agents Under Threat From Tax Increase Ambit Energy Surpasses 1 Million Customers in 2012 At Davos, Investing in Women Emerges as a Business Strategy Regulators Shut Down Fortune Hi-Tech Tupperware 2012 Sales in Line with 2011
February Amway Parent Company Reports Record 2012 Sales of USD$11.3 billion Nu Skin Reports 24% Growth in 2012 Herbalife Fights Pyramid Charge with Distributor Data Natura’s Revenue Increase 13.5% in 2012 USANA Reports 11.5% Growth in 2012 Avon Reports 5% Decline in 2012 Sales Oriflame’s Sales Flat in 2012 Herbalife Reports 18% Yearly Sales Increase Avon CEO Wows to Restore Company to Former Glory
March Mary Kay Hosts Global Makeover Day for 50th Anniversary Celebration Mannatech Hires Roy Truett as COO CVSL and Longaberger Sign Definitive Agreement Natura Brazil’s Most Valuable Brand Strategic Priorities of Avon Weight Loss and Diet Markets Not Lightening Up Anytime Soon
April Amway’s President on Reinventing the Business to Succeed in China Eurozone Unemployment Hits New Record High of 12% PartyLite Celebrates 40th Anniversary Avon to Eliminate 400 Jobs, Leave Ireland Longaberger Announces New COO, President Most Valuable Cosmetics Brands 2013 Creative Memories Files for Bankruptcy For the Second Time in Five Years Nu Skin Sees $1b in Sales in China Avon Non-Executive Chairman Hassan Leaves After Four Months ViSalus Celebrates Pre-Launch Into First European Market Avon Slows Spending on Bribery Probe
May How Have They Started? Oriflame Ups Its Investment in India Immunotec Announces Charles Orr as New CEO Eureka Forbes to Acquire Lux International Revenue & Customs Targets Direct Sellers as Part of Tax Dodging Crackdown in UK Herbalife: Pyramid Scheme or Juggernaut? CEO Michael Johnson Fights Back Vorwerk Achieves the Highest Sales in Company History Amway India CEO, 2 Directors Arrested
June WFDSA and US DSA Release 2012 Figures AL International Corporate Name Changing to Youngevity Herbalife Report Shows Has About 8 Million U.S. Consumers
We Need Specific Rules for Industry in India’: William S Pinckney, Amway Working Five to Nine: Millions Take on Second Jobs to Survive Scentsy CEO Elected Chairman of U.S. Direct Selling Association Amway Chairman Steve Van Andel Talks About Arrests of Company Leaders in India
July WFDSA Announces Global Statistics For 2012 Co-Founders Reacquire Silpada Designs Mary Kay Convention to Bring 50,000 to Dallas for Company’s 50th Anniversary J.Hilburn Leads the Revolution in Custom Menswear Mary Kay Quits India Citing Regulatory Issues, Poor Sales Amway North America #1 in Online Health & Beauty Sales for 10th Consecutive Year Bronstein, Gewirtz & Grossman Announces Investigation of USANA Xango Lay offs Position for New growth
August The First Six Months: An Overview Avon Says U.S. Rejects $12 Million Offer to Settle Probes Vemma Doubles Sales in 12 Months Natura Among World’s 10 Most Innovative Companies Police Freezes Two Bank Accounts of QNet in India Stella & Dot Founder Jessica Herrin: I’m ‘Living My One Precious Life In Accordance With My Values’
September CVSL And Tomboy Tools Sign Definitive Agreement Police Take a Hardline Against Pyramid Schemes in China Is Friday the 13th Unlucky? Not For Mary Kay LifeVantage Reports 65% Growth Over Fiscal Year 2012 Oriflame Wants to Boost Sales Through Innovation and a Better Organization Tupperware CEO: Women Driving Emerging Middle Class Turkey Ahead of All EU Countries on FMCG Growth Amway Develops Online Gaming Platform to Train Salesforce Failure to Meet New EU Regulation Could Hit Cosmetics Firms where It Hurts New Virtual Party Boosts SimplyFun’s Sales Amway Bankrolls Harvard Course For Chinese Cadres
October Seldia Annual Round Table 2013 Gregory L. Probert Appointed Chief Executive Officer of Nature’s Sunshine Products Fortune’s 50 Most Powerful Women In Business Avon to Close its French Operations How Amway Turned Direct Sales Giant Around, Doubled Revenues in a Decade Nu Skin Ready to Make $200m Investment in China FTC Urged to Investigate Multilevel Marketing Firms PartyLite Taps Luca Pozzoli To Make It Europe’s #1 Social Shopping Experience USANA Accepts Lower Earnings to Revise Compensation Structure for Distributors Meet the Teenage Girl who Launched a Custom Jewelry Company at Age 14 From Bad to Worse at Avon Direct Sellers Meet with Congress in the U.S. How is Amway Recruiting Australia’s Gen Y? Digitally of Course
November US DSA Announces Largest Companies How Rodan + Fields Grew 10-Fold By Avoiding Top-Level Tinkering Stella & Dot Brings Tech to At-Home Jewelry Parties Beachbody Announces Marc Washington as President and Chief Operating Officer Direct Sales in Europe Continue Growth Despite Economic Turndown Blyth, Inc. Rejects Unsolicited Conditional Proposal From CVSL Pressure Increases for Avon in On-Going Bribery Investigation New Efforts to Get the FTC to Regulate Direct Sellers Oriflame’s Choices Mannatech Founder, Banned from Company, Still Works from Inside
December In 100 Words: Looking Ahead to 2014 Herbalife Doesn’t Run a Pyramid Scheme, Belgian Appeals Court Rules Connie Tang Takes Over as CEO of Princess House Avon Plans to Cut 650 Jobs as McCoy Seeks to Trim Costs US DSA Announces Winners of Second Annual DSA Digital Media Awards America’s Largest Private Companies Bill Ackman: More to Reveal on Herbalife in 2014 On the ‘Global Entrepreneusrship Report’
I hope to be able to share with you only the positive news in 2014. Once again, best wishes to all of you.