North Asia, Greater China and Southeast are next on the agenda, as premium anti-ageing supplier, Nu Skin Enterprises, launches its new beauty tool and treatment cleansers.
The global anti-aging and skin care products maker has reached an agreement with the Securities and Exchange Commission (SEC) over a probe into the company’s charitable contribution in China.
International skin care player Nu Skin announced 2015 revenue forecasts below market expectations during its annual investor conference, but the company is continuing to expand in China.
Shares in US-based Nu Skin spiked yesterday on the back of renewed investor confidence after the company announced the confirmation of a $375m credit note with the Deutsche Bank.
Direct sales player Nu Skin has seen its share prices rebound rapidly, with industry reaction overwhelmingly indicating that the fine meted out by the China authorities was on the lenient side.
The China government says it will fine Nu Skin in excess of $500k for ‘illegal sales’ and ‘misleading’ consumers and will also make moves to tighten regulations governing direct sales.
A probe by China's authorities into the direct seller Nu Skin’s business practices in the country could result in the possibility of fines or sanctions, the company has confirmed, but analysts believe the business will pull through.
In the latest blow relating to its practices in China, beauty brand Nu Skin now faces a class action which seeks to recover damages for shareholders who have been hit by the on-going investigations into its alleged ‘illegal pyramid scheme’.
With an investigation currently under way into its operation in China, direct sales player Nu Skin announces preliminary quarterly results that will not yet account for an anticipated downturn.
Having announced plans to invest more in China and with sales booming in the region, as per its financial results released earlier in the month, Nu Skin will now look to finish the building of its Innovation Park in Shanghai.
According to the China National Committee on Ageing, major US personal care players are investing in China’s ageing population, a segment that has seen explosive growth in terms of cosmetic expenditure of late.
US-based skin care and nutraceuticals specialist Nu Skin has revealed significant growth in its sales in Thailand for the year so far, on the back of the popularity of its AgeLoc brand..
US-based law firm Bronstein, Gewirtz & Grossman (BG&G) has announced it will investigate potential claims made about Nu Skin Enterprises concerning potential violations of federal securities laws.
Direct sales cosmetic and skin care player Nu Skin has announced a big rise in its quarterly revenues on the back of record revenues in Latin America and Asia.
Direct-selling company Nu Skin has launched its Future Serum in the Japanese market, the first ageLOC product to be made available in Japan, as part of a global product roll-out.
Direct seller Nu Skin ups its forecast for the year as it predicts strong results from its new anti-aging range as well as an improved performance in Japan.
Nu Skin claims to have identified a previously unknown cause of
skin aging that could help the company create products that fight
wrinkles before they appear.
American direct marketer Nu Skin is setting up operations in Russia
at the beginning of next year, and has tapped one of its most
successful European executives to lead the new venture.
US personal care company Nu Skin's net income suffered from a
conference payment in Q4, but the company was happy with the large
revenue it brought in during the period.
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