The remaining shareholders of European beauty brand Oriflame have accepted a bid by the founding af Jochnick family to buy out the group for full ownership of the company. After the initial offer of 9 billion crown (US$969 million) was made in May, other owners representing 60.5 percent of shares had accepted the bid from the founding family, which already owns 31 percent of Oriflame. Though the company is valued at 13 billion crowns, board members had supported the sale, considering an uncertain outlook for the company, which has been struggling in several key markets with share prices continuing to drop.
Jonas af Jochnick, co-founder of Swedish beauty firm Oriflame Cosmetics, died suddenly May 17. The 81-year-old Swedish entrepreneur, who founded Stockholm-based Oriflame with his brother Robert in 1967, passed away in his sleep. He had been active in various positions in the company and stepped down from the company’s board in 2018.
DoTERRA has hired Dell Brown as the chief operating officer of Prime Meridian Health Clinics, doTERRA’s healthcare initiative. Brown has more than 20 years of experience in the healthcare consulting industry and will lead Prime Meridian in strategy and logistics. Prior to doTERRA, Brown co-founded Global Health Consulting, and before that, he worked for CSC Healthcare as a senior consultant.