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October 13, 1998 | BARBARA MURPHY
Nu Skin Enterprises, a skin-care and nutritional-products company with $890.6 million in 1997 sales, has agreed to buy Generation Health Holdings for as much as $108.1 million in stock, assumed debt and additional payments. Generation Health is the parent of Simi Valley-based Pharmanex, which had about $12 million in sales for the first three quarters of this year and owns plants in China and Chile that make food supplements from herbs and mushrooms.
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NATIONAL
August 25, 2012 | By Matea Gold and Melanie Mason
Washington Bureau WASHINGTON - Eight months into Mitt Romney's tenure running the Salt Lake City Olympics, he had some good news for the cash-strapped organizing committee, which still was short $179 million. Nu Skin Enterprises, a Utah-based distributor of nutritional supplements and beauty products, would sponsor the 2002 Olympic Winter Games and the U.S. Olympic Team in a deal worth $20 million. Romney, who announced the arrangement along with company executives, touted the partnership as the perfect fit. Both Nu Skin and the Olympics were "about taking control of your life and managing your own destiny," he told 10,000 Nu Skin distributors Oct. 15, 1999, the Deseret News reported.
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NATIONAL
August 25, 2012 | By Matea Gold and Melanie Mason
Washington Bureau WASHINGTON - Eight months into Mitt Romney's tenure running the Salt Lake City Olympics, he had some good news for the cash-strapped organizing committee, which still was short $179 million. Nu Skin Enterprises, a Utah-based distributor of nutritional supplements and beauty products, would sponsor the 2002 Olympic Winter Games and the U.S. Olympic Team in a deal worth $20 million. Romney, who announced the arrangement along with company executives, touted the partnership as the perfect fit. Both Nu Skin and the Olympics were "about taking control of your life and managing your own destiny," he told 10,000 Nu Skin distributors Oct. 15, 1999, the Deseret News reported.
BUSINESS
October 13, 1998 | BARBARA MURPHY
Nu Skin Enterprises, a skin-care and nutritional-products company with $890.6 million in 1997 sales, has agreed to buy Generation Health Holdings for as much as $108.1 million in stock, assumed debt and additional payments. Generation Health is the parent of Simi Valley-based Pharmanex, which had about $12 million in sales for the first three quarters of this year and owns plants in China and Chile that make food supplements from herbs and mushrooms.
CALIFORNIA | LOCAL
November 17, 1998 | BARBARA MURPHY
Pharmanex in Simi Valley has announced plans to fund the UCLA Center for Human Nutrition, Pharmanex Phytochemical Laboratory, the first center of its kind for scientific research in the dietary supplement industry. The laboratory is the culmination of months of planning by Pharmanex and UCLA, establishing a research center to speed the development of standardized dietary supplements.
BUSINESS
October 7, 1998 | Bloomberg News
Nu Skin Enterprises Inc., a skin-care and nutritional products company with $890.6 million in 1997 sales, agreed to buy closely held Generation Health Holdings Inc. for as much as $108.1 million in stock, assumed debt and additional payments to expand its food supplements business. Generation Health is the parent of Simi Valley-based Pharmanex Inc.
CALIFORNIA | LOCAL
May 4, 1999 | BARBARA MURPHY
Simi Valley-based Pharmanex Inc., which markets natural health supplements, has filed a lawsuit against HPF LLC of Trevose, Pa., in a Utah federal district court alleging trademark violations and unfair trade practices. Pharmanex officials said the suit stems from the similar packaging of Cholestene, a red yeast rice product manufactured by HPF, and the Pharmanex product Cholestin. Pharmanex alleges that the similarities make it confusing for consumers to distinguish between the two products.
CALIFORNIA | LOCAL
May 18, 1999 | BARBARA MURPHY
A Utah federal district judge has issued a preliminary injunction against HPF LLC of Trevose, Pa., in response to a lawsuit filed by Pharmanex Inc. of Simi Valley, a developer of nutritional supplements. Pharmanex claims that confusing similarities exist between the packaging of Cholestene, a red yeast rice product manufactured by HPF, and the Pharmanex product Cholestin, which is designed to promote healthy cholesterol levels. U.S. District Judge Dale A.
CALIFORNIA | LOCAL
March 2, 1999 | BARBARA MURPHY
Pharmanex, an herbal supplement company owned by Nu Skin Enterprises, said it has won a court victory in its battle with U. S. regulators to sell its Cholestin as a cholesterol-lowering dietary supplement. U. S. District Judge Dale Kimball has made final a preliminary order he issued in June allowing Simi Valley-based Pharmanex to continue importing the substances it needs to manufacture and sell Cholestin. The company went to court after the U. S.
BUSINESS
October 13, 1998 | BARBARA MURPHY
Nu Skin Enterprises, a skin-care and nutritional-products company with $890.6 million in 1997 sales, has agreed to buy Generation Health Holdings for as much as $108.1 million in stock, assumed debt and additional payments. Generation Health is the parent of Simi Valley-based Pharmanex, which had about $12 million in sales for the first three quarters of this year and owns plants in China and Chile that make food supplements from herbs and mushrooms.
BUSINESS
January 3, 2014 | By Jim Puzzanghera and Stuart Pfeifer
WASHINGTON -- Federal regulators said Friday that they planned to crack down on misleading advertisements for weight-loss products, including dietary supplements, food additives and skin creams. Jessica Rich, director of the Federal Trade Commission's Bureau of Consumer Protection, will hold a news conference Tuesday to announce an "initiative against deceptive claims made by national marketers of fad weight-loss products," the agency said. No additional information was provided.
BUSINESS
January 16, 2014 | By Stuart Pfeifer
Herbalife Ltd. shares fell 10% Thursday after China said it would investigate whether multi-level marketing company Nu Skin Enterprises Inc. operates a pyramid scheme. The Chinese government said it would investigate Nu Skin one day after a newspaper in China accused Nu Skin of running a pyramid scheme. Nu Skin confirmed the investigation and said in a statement that it had launched a “province-by-province business review and will invite relevant regulators to provide guidance.” The company also said it would take steps to improve training and education of employees in China and cautioned that sales will be affected: “As we work through this evolving situation and remain focused on long-term growth, there will likely be a negative impact on China revenue.
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