David Bland

LOS ANGELES–(BUSINESS WIRE)–The Board of Directors of Herbalife Nutrition, a premier global nutrition company, has elected Alan W. LeFevre as lead independent director. Don Mulligan, Herbalife Nutrition board member and most recently Executive Vice President and Chief Financial Officer for General Mills, will serve as audit committee chair. Maria Otero, Herbalife Nutrition Board Member who had been serving as lead independent director on an interim basis, will continue to chair the compensation committee.

“We are extremely grateful to Maria Otero for wearing two hats as the lead independent director and chair of the compensation committee and look forward to her continued contributions to Herbalife Nutrition,” said John Agwunobi, Herbalife Nutrition Chairman and CEO. “Alan and Don bring extensive experience and knowledge in finance and consumer products to our Board, and we look forward to their guidance as we lay the foundation for Herbalife Nutrition’s next wave of growth.”

For full story visit businesswire.com

BUSINESS WIRE–USANA Health Sciences, Inc. (NYSE: USNA) today announced record financial results for its fiscal second quarter ended July 3, 2021.

Key Financial & Operating Highlights

• Second quarter net sales increased 30.1% year-over-year to a record $336.8 million.
• Second quarter diluted EPS increased 41.7% year-over-year to $1.87.
• Active Customers increased 8.8% year-over-year to a record 652,000.
• Reiterates 2021 net sales and diluted EPS outlook.

“Strong consumer demand for our high-quality health products, coupled with the execution of our previously announced short-term sales program, contributed to our record net sales and customer numbers for the second quarter,” said Kevin Guest, Chief Executive Officer and Chairman of the Board. “Our-top line performance was driven by strong double-digit, year-over-year sales growth in each of our regions including a 16.5% increase in the Americas and Europe region and a 33.3% increase in the Asia Pacific region.

For full story visit businesswire.com

By SSN Staff

With a 221-205 vote, the U.S. House of Representatives passed H.R. 2668, the Consumer Protection and Recovery Act. This bill would give the FTC explicit authority to seek disgorgement and restitution from its targets, essentially reinstating the monetary relief powers that were recently stripped from the regulatory agency when the U.S. Supreme Court ruled against it in AMG Captial Management v. FTC. Two Republicans joined Democrats with a yes vote. The legislation now moves to the Senate, where it faces an uncertain fate.

Alliance in Motion Global, Inc. (“AMG” or the “Company”) is a direct selling company that was founded in 2005 and which distributes and markets food supplements manufactured by Nature’s Way USA, and premium blended beverages.

The Direct Selling Self-Regulatory Council (“DSSRC”) is a national advertising self-regulation program administered by BBB National Programs. This inquiry was commenced by DSSRC pursuant to its ongoing independent monitoring of advertising and marketing claims in the direct selling industry.

DSSRC identified the following representative product performance claims and earnings claims being disseminated on the Company website and by the Company’s independent salesforce members on social media. DSSRC was concerned that the representative claims below communicate that AMG products can protect against serious health-related conditions including COVID-19 and that AMG independent salesforce members can typically earn significant income through the AMG business opportunity.

For full story visit bbbprograms.org

SSN Staff

W. Alan Luce, a DSA Hall of Fame inductee and DSEF Circle of Honor recipient, passed away on July 16, 2021 at his home in Ashville, North Carolina. Luce, a Sr. Managing Principal at Strategic Choice Partners, was the Founder and CEO of Dorling Kindersley Family Learning. He served as a consultant to over one hundred direct selling companies, including Princess House, Avon and Amway and extended his expertise in the areas of compensation plans, startup strategies and sales management.

Social Selling News extends our condolences to the friends and family of this direct selling legend.

By SSN Staff

The Canadian DSA released its report on 2020 sales and industry growth showing a 26 percent increase in retail sales over the previous year to C$4.15 billion. 2020 sales also topped the total for 2018, which came in at C$3.5 billion. The survey shows a 20 percent increase in the number of Canadian direct sellers, rising to 1.39 million Canadians who signed up as independent consultants. Canada’s growth outpaced both U.S. and Australian increases in 2020 according to dsa.ca.

For full story visit dsa.ca

DENVER, July 12, 2021 (GLOBE NEWSWIRE) — NewAge, Inc. (Nasdaq: NBEV), the Colorado-based organic and healthy products company intending to become the world’s leading social selling and distribution company, today announced that it has formed a manufacturing partnership with and agreed to sell its US manufacturing operations to Taiwan-based TCI Co., Ltd.

For full story visit globenewswire.com

By SSN Staff

The General Assembly of Seldia, the European Direct Selling Association, has announced the adoption of a revised version of the European Codes of Conduct for Direct Selling and a Guide on disclosure and recognisability of the commercial nature of direct selling social media content.

Member Associations will have until the end of the year (December 31, 2021) to transpose new codes provisions locally, and companies will have until 30 June 2022 to reflect the European and national changes in their material and practice.