Seems
like one of the network marketing worlds most
iconic businesses is slated for the chopping block.
A recently announcement seems to indicated that
the company Beauticontrol is going out of business.
This could be bad news for many beauticontrol
rep's all around the world. The Beauti-Control
has supposedly been around for over 30 years.
So it's a bit surprising that such a long term
mlm company should be going out of business.
Sometimes
you never are told the full story as to what's
really going on behind the scenes as to why a
company is going out of business. It will be a
big loss for the industry. However with the volume
of new companies constantly immerging there are
already a lot of popular candidates that are taking
up market share in the health and beauty sector.
BREAKING NEWS: Beauticontrol
is Shutting Down for Good
REUTERS
BRIEF-Tupperware Brands says will wind down Beauticontrol
unit
Jul. 20, 2017, 12:58
July
20 (Reuters) - Tupperware Brands Corp:
*
After being unable to find buyer for its Beauticontrol
unit, it will wind down the business over approximately
next 60 to 90 days
*
Estimates that net cost of executing wind down
will be $20.0 million, of which about half will
be in cash - SEC filing
*
Portion of net cost of executing wind down will
be recorded in Q2 2017 results Source text: (http://bit.ly/2tu4czG)
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