News

Natura &Co, the umbrella company for Avon, Natura, The Body Shop and Aesop brands, has raised $1 billion in bonds linked to sustainability initiatives. The seven-year note will carry an interest coupon of 4.125% per year and is the single largest Sustainability Linked Bond ever issued in Latin America to date.

MLM system awarded again. Coway was recognized for its product design excellence for the 15th consecutive year by the Red Dot Design Award and for the 13thconsecutive year by the iF Design Award.

PM-International Korea has entered into an agreement for a third sports partnership in the Asia-Pacific region. Already a cooperative partner with the Korea Wrestling Foundation and the Korean Table Tennis Association, the most recent agreement will now make the company’s FitLine nutritional supplements the official partner of the Korea Professional Golf Association (KPGA).

USANA Health Sciences along with its Chinese subsidiary, BabyCare Ltd. announced a research collaboration agreement with the Beijing University of Chinese Medicine (BUCM). Through this partnership, USANA and BUCM will share research to unite modern nutritional science with Traditional Chinese Medicine and potentially improve the health and wellness of people around the world.

NewAge Inc. announced that it is experiencing record growth in its European market, including exceeding records for net revenue growth, new distributor enrollment and attendance at its virtual events.

Mary Kay announced the launch of Suite 13TM, a virtual reality beauty experience that utilizes 360-degree, 3D imagery to allow users to browse the brand’s portfolio of skin care and tour “rooms” that explain the company’s global legacy, values and key product benefits and ingredients.

South Korean direct selling & network marketing company Coway, which specializes in home appliance rentals, was honored by the Business Integrity Society at its BIS Summit 2021 Anti-Corruption Awards. The award ceremony was held by the UN Global Compact and the Korea Social Responsible Investment Forum at the Four Seasons hotel in Seoul.

At an industry roundtable event chaired by retail analyst Natlie Berg, the UK industry body, The Direct Selling Association, reported that a survey of its members points to a 45.5% growth in sales in the channel in 2020.

Tupperware launched four new stores in metro cities of India, including Kolkata, Chennai, Hyderabad and Thane. This launch is part of the brand’s aggressive expansion in the country, as Tupperware’s retail presence in India has grown to include 91 stores in 56 cities in less than two years.

Nature’s Sunshine Products announced its fourth quarter and full-year results for 2020. Fourth quarter net sales for the company increased 11%, reaching a record $101.7 million. Net sales for the full year increased 6% and set a new company record as well, equaling $385.2 million, compared to $362.2 million in the previous year.