“Coming together, we are set to unleash an unparalleled synergy, combining our unique strengths to foster growth and opportunities, not only across Korea but throughout Asia,” said Robert Stevanovski, ACN Chairman and Co-Founder. “Our journey with our respected counterparts has been rooted in mutual admiration and a deep, personal connection spanning more than two decades. This is more than a business transaction; it’s a fusion of visions, paving the way for our employees, independent salespeople, and all stakeholders to thrive in an exciting, expansive new era.”

ACN Korea is known as a “Top 20” company in its sector. With this acquisition, both companies will reside under the Neora brand and will work together to create a platform for entrepreneurial growth in direct sales in Asia Pacific.

“I am thrilled to welcome ACN Korea into the Neora family,” said Jeff Olson, Neora Founder and CEO. “The ACN team has built an impressive legacy, and our shared commitment of ‘Making People Better’ aligns perfectly with our global mission. I eagerly anticipate the Emerge Event on February 17, where we can get to know each other better and share our vision for the future. Together, we are poised to build a transformative legacy in the Korean market.”

The post Neora Acquires ACN Korea first appeared on Direct Selling News.

According to this accumulated data, Millennials and Gen X are feeling the most financial pressure. Payday loan assistance has increased among this group, signaling potential credit problems, as well as auto repossessions and billing disputes.  

This CSLI data is in sharp contrast to economic indicators that show strong GDP growth and record holiday spending, but the growing economic pressures that Americans report feeling is not expected to decline in the coming months as bankruptcies and foreclosures predict instability for consumers nationwide. 

“Despite rosy macroeconomic signs, our data reveals a concerning rise in consumer debt struggles–from bankruptcies to car repossessions,” said Warren Schlichting, LegalShield CEO. “With rising inquiries about foreclosures and missed bill payments, we’re monitoring this retail-level financial stress. People may not be able to cover costs despite positive jobs reports and interest rates.” 

The post Consumer Financial Stress Reaches Three-Year High  first appeared on Direct Selling News.

“Receiving our GFSI certification is a landmark moment for USANA and our manufacturing capabilities,” said Jim Brown, USANA President and CEO. “In the crowded health and wellness space it’s important to differentiate yourself. Receiving this certification is a great way for us to do just that. I’m extremely proud of our manufacturing and quality teams who have implemented the standards and practices necessary to pass this demanding audit.” 

The goal of GFSI is to reduce recalls and deliver safer products to consumers, and this certification signifies that USANA’S enrobed snack bars and drink mix powders meet stringent requirements for food safety management systems. 

“SQF is considered to be the highest standard in the industry, and our certification with them places us at the top of the mountain,” said Walter Noot, USANA Chief Operating Officer. “Having SQF certify our dedication to the safest and highest-quality production standards is a huge benefit to us—especially with our foods products. I look forward to the new opportunities this certification can create for us. Thank you to everyone at our USANA foods facility for all their hard work.” 

The post USANA Manufacturing Facility Earns GFSI Certification  first appeared on Direct Selling News.

Highlights from Plexus’s 2023 philanthropic initiatives include: 

• Donating more than 300,000 meals through Feeding America 
• Hosting the Pima Center Community Walk at the Plexus headquarters and contributing $127,000 in monetary and in-kind donations to the Phoenix Children’s Center for Heart Care 
• Partnering with Junior Achievement of Arizona in a three-year commitment to provide experiential learning for elementary students  

“At Plexus, we truly love to spend time serving the community by volunteering,” said Elizabeth Woods, Plexus Worldwide Senior Manager of Corporate Social Responsibility. “We are enthusiastic about increasing our volunteer efforts in 2024, continuing our giveback, and providing opportunities through community partnerships.” 

The post Plexus Donates More than $1 Million and 2,000 Volunteer Hours in 2023  first appeared on Direct Selling News.

Inclusion in this list required annual revenue of more than $2 billion and status as a privately held company. Amway’s revenue in the previous fiscal year reached $8.1 billion, putting it above household names like Staples and Chick-fil-A. 

In late 2023, Amway announced a new corporate strategy that is expected to take advantage of the unlimited growth potential found in China and help the company continue to expand its global footprint and market share.

The post Amway Named to Forbes 2023 List of America’s Largest Private Companies  first appeared on Direct Selling News.

In his keynote titled Put Customers at the Center to Embrace the Future, Sammy Lee, the fourth-generation Executive Chairman of the Lee Kum Kee Group, detailed the responsibility that leaders have to redefine the approach to direct selling in a way that prioritizes customer expectations. 

“Let us become the ambassadors of trust, the KOS for customers, and advocators for the preservation of Chinese health regimen,” Lee said. “Through every word we say and every action we take, let us build trust with our customers. I believe that as long as we are united in thoughts and actions, we will achieve our grand corporate vision and become the most trusted company for centuries to come.” 

The post Infinitus 2024 Global Annual Conference Receives More Than 800,000 Views  first appeared on Direct Selling News.

With this new partnership, Nature’s Sunshine will now supply the Tiger-Cats athletes with its range of nutritional products, including Power Beets, Power Greens and Collagen, to help them enhance their training sessions and overall wellbeing. 

The post Nature’s Sunshine Sponsors Canadian Football Club  first appeared on Direct Selling News.

Rankings for this score were determined based on customer satisfaction surveys of more than 9,000 energy customers. UW scored highly for its customer service and quality of communications about energy costs. 

“We’re delighted to have secured the highest overall score for Which?’s latest annual energy firm rankings,” said Stuart Burnett, Utility Warehouse Co-CEO. “As many people continue to face cost-of-living pressures, we’re seeing increasing numbers of customers join Utility Warehouse to take advantage of our market leading services, including our fixed rate energy tariffs. It’s thanks to our multiservice business model, which enables customers to bundle services together, that we can deliver big savings for households on their monthly bills.” 

The post Utility Warehouse Given Highest Overall Score by Which?  first appeared on Direct Selling News.

The event brought an estimated $6.7 million in direct spending to the city, generating approximately $277,000 in local tax revenues, booking more than 9,800 hotel room nights and supporting almost 1,500 local jobs.  

“We’re thrilled to bring our US Leadership Conference to Fort Worth for the first time in our company’s history,” said Ryan Rogers, Mary Kay Chief Executive Officer and grandson of legendary founder Mary Kay Ash. “This marks a special milestone for us as we continue to celebrate our 60th anniversary. The event serves as a testament to the growth and leadership within our independent sales force.” 

The post Mary Kay Fort Worth Conference Expected to Infuse $6.7 Million into Local Economy  first appeared on Direct Selling News.

This move is part of a larger strategy by the company to simplify operations. The company stated that “the vast majority of Natura &Co trading activity is concentrated on the B3 stock exchange” and that the decreasing trading volume on the NYSE no longer makes it a “compelling option.” 

“The planned delisting of Natura &Co from the New York Stock Exchange is consistent with our long-term strategy for the business,” said Fabio Barbosa, Natura &Co Chief Executive Officer. “This move underscores our continued focus on simplifying our operations to reduce complexity. We thank Natura &Co investors who held ADRs and look forward to welcoming many of them as shareholders on the B3 market. Upholding our dedication to transparency, we will maintain our high disclosure standards through our listing in Brazil.” 

Natura &Co’s delisting is expected to go into effect next month. 

The post Natura &Co Delists from NYSE   first appeared on Direct Selling News.