Heidi Thompson, who previously served as president of Scentsy, will now share the title of co-CEO with Orville Thompson. The husband and wife team founded the company 15 years ago and have led Scentsy as equal partners, though unofficially. They have since scaled back their involvement in daily operations and will continue to focus on long-term, high-level contributions to company growth.
Dan Orchard has been promoted to president of Scentsy. He was previously general manager of emerging markets and has been an integral part of Scentsy’s executive team for 10 years, with strong engagement and interactions with consultants in multiple roles and leading international expansion. His prior direct selling experience includes working with Nu Skin.
Korea’s leading consumer goods company, LG Household & Health Care, Ltd. announced a partnership with an affiliate of Cerberus Capital Management, L.P. and Avon Products, Inc. to acquire New Avon, LLC for $125 million. The partnership will enhance Avon North America’s cosmetics, personal care, fragrance, packaging and design sectors. Avon Worldwide stated that the transaction with LG H&H will have no impact on the company’s global strategy.
Chelsey Berend, Stream
Stream has promoted Chelsey Berend to vice president of field experience. Berend started at Stream as a receptionist and created new roles for herself at the company, founding the organization’s event department. Berend helped initiate the project Women of Power, which brings women together to support each other in business.
Erik Patterson, 4Life Research
Erik Patterson has been named vice president of North America at 4Life Research. Patterson joined 4Life in July 2018 as director of Southeast Asia. He has more than 25 years of experience in direct sales including time at Xyngular, MonaVie, XANGO and Nature’s Sunshine. Patterson’s geographical responsibilities will include the United States, Mexico, the Caribbean and Central America.
The Wall Street Journal reported that Natura & Co and Avon are discussing a possible acquisition. After the news was announced on WSJ, Bloomberg, and many other websites, the stock price for Avon Products Inc. increased by 13 percent. The possible merger would potentially give more than 1 million Brazilian beauty consultants access to Avon products.
Avon is partnering with the new British Beauty Council to help support and represent the beauty industry in the U.K.