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ForeverGreen Makes COO and President Appointments

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Two executives at ForeverGreen Worldwide are expanding their roles with the wellness company.

Former Chief Sales Officer Rick Redford has been named chief operating officer, a role that will include continued oversight of the company’s sales strategy in North America and Southeast Asia. Additionally, Jorge Alvarado, Chief Marketing Officer, is taking on the responsibilities of company president.

“I’m fully confident in these two great executives,” said Ron Williams, CEO of ForeverGreen. “Their leadership will allow me more quality time with our field leaders in growing and developing the business.”

Redford’s background in manufacturing, sales, marketing and international expansion includes 25 years in the direct sales channel. Alvarado likewise has spent more than two decades working with direct selling firms. He has a background in marketing and communications, and is fluent in both English and Spanish.

The news comes on the heels of two other promotions within ForeverGreen’s ranks . In December 2016, the company tapped Shane Manwaring to serve as general counsel and Dan Eastman as chief information officer.

Article source: DirectSellingNews.com

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Should All Children Have their Cholesterol Checked?

Beauty Company Coty Intends To Acquire Younique For $600 Million

 

Coty Inc. announced today that it has entered into a partnership with the Founders of Younique, a Triple A+ classified opportunity By Business For Home – and a leading online peer-to-peer social selling platform in beauty.

Under the proposed agreement, Coty intends to acquire 60% of Younique while the Founders will own the remaining 40%. Younique’s Founder and current CEO, Derek Maxfield, and Chief Visionary Officer, Melanie Huscroft, will continue to lead the business in the new partnership.

Younique was founded in 2012 in the United States by siblings Derek Maxfield and Melanie Huscroft, with a mission to uplift, empower and validate women across the globe. Younique’s innovative makeup and skin care products are sold through its disruptive peer-to-peer e-commerce platform. This platform enables Younique’s community of independent presenters to leverage social media in marketing and distributing Younique’s line of innovative beauty products directly to consumers.

Younique’s highly scalable technology platform is built for mobile-first e-commerce and seamless global expansion, with approximately 200,000 active presenters and over 4.1 million consumers in 10 countries, including the U.S., U.K., Canada, Australia, New Zealand, Germany, Mexico, France, Spain and Hong Kong.

Younique expects to generate approximately $400 million in net revenues in 2016.

This partnership will combine Younique’s high growth e-commerce platform and social selling direct-to-consumer business model with Coty’s beauty product R&D and innovation know-how, as well as its extensive manufacturing and supply chain capabilities. Together, Younique and Coty expect to accelerate the product offering and geographical expansion of Younique.   

Coty will acquire a 60% stake of Younique for approximately $600 million in cash which will be funded through a combination of cash on hand and available debt facilities with marginal impact on Coty’s leverage ratio.

The transaction is subject to customary closing conditions and is expected to close during Coty’s 2017 fiscal third quarter. The transaction is expected to be immediately accretive to Coty’s top-line growth, EBITDA margin and FY17 earnings.

Camillo Pane, Coty’s Chief Executive Officer, said,

“Derek and Melanie are tremendous entrepreneurs who have built one of the most engaging and fastest growing e-commerce companies in beauty.

Alongside the rest of Younique’s team and in partnership with their presenters, they have been able to impact the lives of millions of consumers across a number of countries with a mission to uplift and empower women.  We look forward to working with them to continue supporting this mission and building Younique into a leading global e-commerce beauty company.”

Derek Maxfield, Younique’s CEO and Founder, said, “We are thrilled to have Coty as a partner and expect that together we will be able to take Younique to new heights. Coty and Younique share a passion for beauty, an entrepreneurial spirit, as well as complementary missions.

I am very excited about this partnership and everything it can bring to Younique’s employees, presenters and loyal consumers across the world.”

Younique will operate as a separate business within Coty’s Consumer Beauty division. It will continue to be led by its current CEO, Derek Maxfield, Chief Visionary Officer, Melanie Huscroft, and Younique’s management team, in partnership with Coty.

Coty is proud to support the further advancement of the Younique Foundation and its mission to support and empower victims of sexual abuse and their families.

About Coty Inc.

Coty is one of the world’s largest beauty companies with approximately $9 billion in revenue, with a purpose to celebrate and liberate the diversity of consumers’ beauty. Its strong entrepreneurial heritage has created an iconic portfolio of leading beauty brands.  Coty is the global leader in fragrance, a strong number two in professional salon hair color & styling, and number three in color cosmetics. 

Coty operates three divisions – Coty Consumer Beauty, which is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances sold primarily in the mass retail channels with brands such as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on prestige fragrances and skincare with brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci and philosophy; and Coty Professional Beauty, which is focused on servicing salon owners and professionals in both hair and nail, with brands such as Wella Professionals, Sebastian Professional and OPI.  Coty has approximately 20,000 colleagues globally and its products are sold in over 130 countries. Coty and its brands are committed to a range of social causes as well as seeking to minimize its impact on the environment. For additional information about Coty Inc., please visit www.coty.com .

About Younique

Founded in 2012 by Derek Maxfield and Melanie Huscroft, Younique is a disruptive, peer-to-peer e-commerce platform that enables its community of independent presenters to leverage social media to market and distribute Younique’s line of innovative beauty products. Younique offers high-quality cosmetic and skin care products via its approximately 200,000 active presenters, selling in 10 countries. 

The company’s product philosophy focuses on the intersection of science and nature to offer innovative and trend-leading products that support strong brand recognition with loyal presenters and consumers.  Younique is a mission-first company, committed to uplifting, empowering and validating women everywhere. The company currently operates in the following markets: United States, Canada, Mexico, Australia, New Zealand, the United Kingdom, Germany, France, Spain, and Hong Kong. Younique is a high growth beauty business and expects to generate approximately $400 million in net revenues in 2016 with strong profitability. Discover more at: www.youniqueproducts.com

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Primerica Wins 14th Consecutive Service Award

 

Recently, DALBAR awarded Primerica (NYSE:PRI) the 2016 DALBAR Mutual Fund Service Award for exemplary customer service to its mutual funds clients for the fourteenth year in a row.

For nearly three decades, DALBAR has conducted rigorous testing of service delivery and each year identifies those mutual fund firms that were found to be above their peers in service to clients after a full year of comprehensive evaluation.

“Primerica places real value on the customer experience and has made outstanding service a core part of their brand,” said Brendan Yeager, Director at DALBAR. “This achievement underscores Primerica’s commitment to consistently delivering a superior standard of care.”

Gregory Pitts, Primerica’s Chief Operating Officer said, “Customer service always has been a top priority at Primerica. We continue to enhance servicing processes to deliver an excellent client experience.

As part of our strategy to grow Primerica’s Investment and Saving Products business, we continue to add new products and look for ways to improve customer service through technology enhancements, such as the upcoming launch of our enhanced managed accounts platform. This new platform will help us meet the evolving needs of the millions of Main Street clients that we’re privileged to serve every day.

We are very proud to receive DALBAR’s 2016 Mutual Fund Service Award recognizing our ongoing commitment to superior customer service during a year in which we achieved a record of more than $51 billion in client assets under management as of December 31, 2016.”

About DALBAR, Inc.

DALBAR, Inc. is the financial community’s leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. Launched in 1976, DALBAR has earned the recognition for consistent and unbiased evaluations of insurance companies, investment companies, registered investment advisers, broker/dealers, retirement plan providers and financial professionals. DALBAR awards are recognized as marks of excellence in the financial community.

About Primerica, Inc.

Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle income households in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties.

In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company’s financial products.

We insured approximately 5 million lives and have over 2 million client investment accounts at December 31, 2016. Primerica stock is included in the S&P MidCap 400 and the Russell 2000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.

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First EWG Verified Oral Care Products Now Available by Modere

 

Modere, the first social retailer to create a safe and forward-thinking approach to overall wellness, today announced the availability of its EWG VERIFIED oral care line.

Modere’s mouth rinse and toothpaste are the first in the world to receive the Environmental Working Group’s (EWG) gold standard verification in the oral care space.

“We are proud to be the first to receive and display the EWG VERIFIED mark on our oral care products worldwide.

The verification reinforces our industry-leading commitment to providing safe and effective, clean-label personal care, household and health and wellness products,” said Vic Catalfamo, Chief Marketing Officer of Modere.

“With this recognition, we continue to pioneer our live clean lifestyle movement and enable consumers to make healthier choices on their everyday essentials.”

With 30 years of clean-label product leadership, Modere’s oral care products are only formulated with safer components. The company imposes self-regulation, overseen by their industry-leading Scientific Advisory Board , with strict adherence to its own ingredient paradigm.

Modere’s ingredient paradigm details a list of raw materials avoided during formulation and ensures all products meet the highest clean-label safety standards. Now, Modere is recognized for its strict ingredient standard compliance, manufacturing transparency and robust labeling by the Environmental Working Group.

“The EWG VERIFIED mark serves as an unbiased symbol of trust that helps consumers make healthier choices for themselves and their families,” said Ken Cook, co-founder and president of The Environment Working Group. “Modere’s unwavering commitment to transparency and consumer education is reflected in the products that they offer. Their oral care line meets the EWG’s rigorous product standards and we’re proud to have them as the first EWG VERIFIED line on the market.”

Modere’s oral care line is the first of many Modere products to display the highly sought after EWG™VERIFIED mark as the company recently announced a global partnership with the Environmental Working Group. Learn more about the global partnership here: http://thelatest.modere.com/modere-joins-ewg-verified-program/

Modere’s EWG™VERIFIED oral care line can be purchased here: https://www.modere.com/ProductDetail/fresh-breath-collection  

For more information about Modere, please visit: www.modere.com .

About MODERE

Modere (www.modere.com ) offers a category-leading portfolio of live clean lifestyle essentials, beauty and personal care, health and wellness, and household products that are safe, effective, and beautifully designed. At Modere, we create more than just products; we create meaningful experiences.

We believe modern health involves live clean: pure nutrition, a clean environment, and safe ingredients across all products: consumable, topical and household. Modere brings a holistic approach to well-being and its products reflect a commitment to excellence and innovation, with tested formulas proven around the globe for more than 25 years. Modere is headquartered in Springville, Utah and its Marketing Center of Excellence and Public Relations is located in Newport Beach, California.

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XOOM Energy (ACN) Announces International Expansion Into Japan

 

The XOOM Energy family of energy retail companies, providing natural gas and electricity services to homes and businesses across North America, announced further efforts in their international expansion with the entry into the Japanese energy market.

XOOM Energy Japan, GK, an affiliate of XOOM Energy, LLC, will be offering electric services to residential and small business consumers in the Tokyo Electric Power Company (TEPCO) market.

In April 2016, Japan’s consumer electric energy market became fully liberalized, which now allows low-voltage consumers to choose their preferred electric power company and electricity pricing plan. “With the recent liberalization of the consumer energy market in Japan, there is a tremendous opportunity to educate and enable consumers to take control of their energy cost,” states Thomas Ulry, Chief Executive Officer of XOOM Energy.

Japan’s Ministry of Economy, Trade and Industry (METI) registered XOOM Energy Japan as an Electricity Retailer in November 2016, making XOOM Energy the first foreign company to receive such registration in Japan.

“With our retail background and experience in North America, we look forward to offering Japanese consumers innovative products and competitive rates as the newly competitive market evolves in the coming months and years,” explains Ulry. “We have recently established an office in Tokyo and have assembled an experienced team to oversee operations directly in Japan,” he adds.

XOOM Energy Japan will begin servicing TEPCO residential customers in early 2017 with plans to expand into additional markets throughout the year. With the liberalization of energy in Japan, XOOM Energy Japan has positioned itself to be at the forefront of Japan’s emerging energy market.

About XOOM Energy, LLC

Based in Huntersville, North Carolina, XOOM Energy is a progressive, independent energy retailer that supplies natural gas, electricity and renewable energy to residential, small business and mid-market commercial customers in deregulated energy markets. XOOM Energy offers service through its wholly owned subsidiaries in 18 states, the District of Columbia, and Alberta, Canada, in 92+ utility markets across North America. To find out more, visit xoomenergy.com .  For other inquiries, please contact info@xoomenergy.com .

About XOOM Energy Japan, GK

Based in Minatoku Hamamatsucho, Japan, XOOM Energy Japan, is a progressive, independent energy retailer that supplies electricity to residential customers in the liberalized energy market. XOOM Energy Japan offers service in the TEPCO utility market and has plans for further expansion in the Japanese market. To find out more, visit xoomenergy.co.jp .

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