Cindy Monroe will step down as CEO of Thirty-One Gifts, but maintain a role with the company, passing the torch to Elizabeth Thibaudeau, former CEO of Jamberry and executive at Nu Skin. Monroe founded Thirty-One Gifts in the basement of her Tennessee home in 2003, specializing in bags, accessories and personalized gifts. Additionally, Tracy Britt Cool, who worked closely with Warren Buffett as a key deputy at Berkshire Hathaway Inc., will take an ownership stake in Thirty-One Gifts. Through Kanbrick, the investment firm Britt Cool leads, she will become a partner and owner with founder Monroe.
Jamberry, a multilevel marketer of nail wraps and other beauty products, faces accusations of stiffing thousands of nonemployee salespeople after the company informed employees in a late-night email Wednesday that it was their “last official day” of work.
“Please come to the … office at Noon on Thursday for a discussion on what this means regarding health insurance, 401K, and other benefits,” Mark Brown, Jamberry’s vice president of human resources, wrote in an email provided to CBS MoneyWatch.
The fate of Jamberry’s more than 50,000 nonemployee sales consultants isn’t clear. A memo sent to consultants Thursday afternoon confirmed that the Utah-based company is in “foreclosure” and that “any product, gift cards, swag, marketing or event purchases made prior to 11:59 p.m. MT on June 28, 2018, are ineligible for (a) refund from Jamberry.”
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