March 19, 1997 |
StarTronix International Inc., a multilevel marketing company that sells home technology equipment, said it has laid off 47 employees to cut costs while searching for an infusion of funding. The cuts affected nearly 60% of the Irvine-based company's 82 employees. A company spokeswoman said that most of the layoff victims were customer service representatives and technical support workers.
December 14, 1999 |
PharmaPrint Inc., struggling to recover after its only major customer said it would sever ties with the money-losing company, said Monday that as part of a restructuring, it has eliminated 10 jobs that are not focused on sales and marketing. The Irvine herbal supplement maker said that even though it has cut a third of its staff, it is in the process of hiring sales and marketing employees. Since October, the company has reduced overall wages and salaries 30%.
May 2, 2000 |
Rexall Sundown Inc.'s stock shot up 22% after Dutch food group Numico agreed to pay $1.8 billion for the Florida-based maker of vitamins and nutritional supplements. Shares of Rexall rose $4.19 to close at $23.44 on Nasdaq. The deal, valued at $24 a share, is backed by insiders controlling more than 50% of Rexall's shares, said Raymond James & Associates Inc. analyst John Ransom. The acquisition will give Numico the top spot in North America's burgeoning mass-market for vitamins and supplements.
June 13, 2013 |
A California congresswoman asked the Federal Trade Commission to investigate allegations that Herbalife Ltd. operates a well-disguised pyramid scheme that victimizes “our country's most vulnerable populations.” Rep. Linda T. Sanchez (D-Cerritos) said in a letter to FTC Chairwoman Edith Ramirez that she was “troubled that this company may be harming consumers,” noting allegations that Herbalife's independent distributors are compensated more for recruiting new distributors than for sales.
September 5, 2013 |
Los Angeles nutritional products company Herbalife Ltd., battling allegations that it operates an illegal pyramid scheme, has a new and unexpected advocate: former Los Angeles Mayor Antonio Villaraigosa. The former mayor, who left in June after eight years in office, will serve as a senior advisor to Herbalife Chief Executive Michael O. Johnson and the company's board of directors, the company said in a news release. Villaraigosa will counsel Herbalife on “strategic business development and global community outreach,” the company said.
August 5, 2008 |
California Atty. Gen. Jerry Brown sued an Internet-based travel business Monday, accusing it of operating a pyramid scheme and seeking more than $25 million in fines and restitution. The company, YourTravelBiz.com Inc. of Wood River, Ill., recruited tens of thousands of members with promises they'd earn big returns by setting up personal travel agency websites, the complaint said.
December 3, 2013 |
Herbalife Ltd. said a Belgian appeals court has overturned a lower court finding that the company operated an unlawful pyramid scheme. Critics of the Los Angeles nutritional products company had said the 2011 ruling in Belgium was evidence that the company improperly rewards its independent sales people for recruiting others into the business. Herbalife said in a statement that a Belgian appeals court ruled that the company's sales model "is in full compliance with the law. " PHOTOS: Top 10 Southern California companies "Herbalife always believed that the first judgment contained factual errors and was based on misinterpretations of its direct-selling sales method, and was confident that the original judgment would be overturned on appeal," Herbalife said in a statement Tuesday.
October 9, 1994 |
The art world has been taking a few unorthodox steps to bring its message to the masses. Who could have failed to notice Hiro Yamagata's movie premiere-style billboard on Hollywood Boulevard promoting his new automotive installation, "Earthly Paradise," at the Barnsdall Park Municipal Art Gallery?
October 24, 2013 |
They have the shape, feel and nicotine of tobacco cigarettes, but e-cigarettes should not be regulated like tobacco products, makers of the popular new product say. The Smoke Free Alternatives Trade Assn., an industry group, is lobbying to avoid Food and Drug Administration regulation under the Family Smoking Prevention and Tobacco Control Act. "This is a critical time for ... the e-cig industry at large," said Cynthia Cabrera, the trade group's...
August 8, 1990 |
Rough times don't ruffle Howard Ruff. Fired as president of beleaguered FundAmerica Inc. of Irvine on Monday, Ruff said Tuesday that he is seriously thinking about starting a similar company. "I'm getting a lot of pressure to start a FundAmerica equivalent," he said in an interview. He said there was a "50-50" chance he would actually found a new multilevel marketing company.