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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.
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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.
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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.
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.
BUSINESS
February 28, 2006 | From Reuters
China is welcoming back the Avon ladies after seven years in the cold. Avon Products Inc. has won approval to return to its favored direct-selling model in China, a senior government official said Monday. The government rescinded a controversial 1998 ban just days before a visit to Beijing by U.S. trade officials. Avon is the world's largest direct seller of cosmetics, using legions of representatives to sell to customers at home rather than moving its products through stores.
BUSINESS
September 9, 2009 | Tiffany Hsu
With its sparkling headquarters building in Torrance and global network of 300,000 distributors, Sunrider International seems to be a picture of entrepreneurial success -- right down to the gleaming red Rolls Royce in its lobby. The picture is all the more remarkable because the herbal-products company was put on the ropes by criminal charges against its owners and remains a target of critics who say many of its health products are of dubious value to consumers. "If the entire industry were to disappear overnight, it would have little impact on public health," said Dr. Stephen Barrett, who runs Quackwatch.
BUSINESS
March 4, 2008 | Paul Foy, The Associated Press
On stage at a sales convention, XanGo founder Joe Morton said that when he first stumbled across mangosteen, a tropical fruit with purported curative powers, "I didn't have to have it confirmed in the New England medical journal before I would listen." The multilevel-marketing company has built a huge business around its mangosteen-based juice, which it promotes as an immunity booster. The company still hasn't proved its health benefits -- which it says could include a stronger immune system and improved joint function -- to skeptical experts.
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