LR

LR Global Holding GmbH, the parent company of LR Health & Beauty, released preliminary figures that show a 5% year-over-year sales increase for the first quarter of 2023. This positive trajectory is a result of a strategic realignment initiative that the company began in summer of 2022.

In an official award ceremony hosted by the German Design Council, LR Health & Beauty’s Zeitgard Pro Cosmetic Device was recognized with the German Design Award 2023 in the Bath and Wellness category. The Zeitgard Pro Cosmetic Device was created for home use to provide facial cleansing, exfoliation, wrinkle reduction and a more even complexion.

The company announced that Dr. Andreas Laabs assumes the role of chief executive officer (CEO) of LR Health & Beauty SE and the management responsibility for the entire LR Group. Dr. Laabs previously was the CFO and COO.

It was a very good year in the MLM business. Nature’s Sunshine net sales in 2021 reach record $444.1 million. eXp World Holdings annual revenue increases 110%. LR Group reaches new sales record in 2021.

With the start of 2022, LR Health & Beauty is launching its new fitness brand LR:GO. New dietary supplements consists of products as well as a holistic coaching package with workout videos, diet plans and expert tips.

In the first nine months of 2021, LR Group – the parent company of direct selling & network marketing organization LR Health & Beauty, has achieved 7.1% growth in sales compared to the same time period in 2020. The sales increase was seen across all regions, equating to EUR 220.8 million.

LR Group, the holding company for LR Health and Beauty Systems, announced double-digit growth trends in sales and profitability in the first six months of 2021. Sales increased 14.3% over the same period of the previous year, reaching EUR 153.2 million. Adjusted EBITDA also significantly increased (15.8%) to EUR 22.7 million in the first half of the year.