DD3 Acquisition Corp. (DDMX—NASDAQ), a publicly traded special purpose acquisition company and Betterware de Mexico, a Mexico-based direct seller of home organizations products, have entered into a definitive agreement to merge. The combined company will operate as “Betterware” and is expected to remain publicly listed on NASDAQ. The transaction implies
Betterware
JRJR Networks, parent company of Longabarger, Agel, Betterware and five others, files for bankruptcy
The direct selling company JRJR Networks Brands or JRJR33 LLC has filed for chapter 11 protection in U.S. Bankruptcy Court in Dallas. The company was the majority owner of eight different direct sales companies, including Longaberger Co., Agel, Kleeneze, Betterware, Tomboy Tools, Paperly, Uppercase Living, and My Secret Kitchen. In 2013, JRJR