As Pershing Square’s Bill Ackman continued his attack on Herbalife in this morning’s session of the Robin Hood Investors Conference, the global nutrition company’s stock gained more than 5 percent, reaching $71.91 by midday.
Direct sellers have a rich history of supporting philanthropic efforts around the world, such as aiding Philippine victims of Typhoon Haiyan and building nutritional kitchens to feed and educate rural Chinese children.
Blyth Inc., a marketer of health, wellness and beauty products, as well as candles and home accessories, today announced that its board of directors has unanimously rejected an acquisition offer from CVSL Inc. Blyth, whose family of direct selling brands includes ViSalus and PartyLite, received the unsolicited conditional proposal from Dallas-based CVSL on Oct. 25, 2013.
The MarCom Awards—one of the largest creative competitions in the world—has revealed its 2013 honorees, and several direct selling companies are being recognized for their achievements in marketing and communications.
Just two years after launching its residential solar offering, Vivint now claims a 9 percent share of the U.S. installation market. The company’s door-to-door sales strategy has attracted investors and enabled Vivint to thrive in the rapidly growing solar industry.
In the U.S. alone, 15.8 million people are currently participating in direct selling, and each brings his own motivation to pursue the business opportunity. A recent survey conducted by MBO Partners, a platform that supports independent consultants, provides some insight into what is driving America’s independent workforce—be they freelancers, self-employed or independent contractors.
As hedge-fund investor Bill Ackman continued his disparaging commentary on Herbalife at a recent appearance at Oxford University, Rafael A. Fantauzzi—who serves as President & CEO of the National Puerto Rican Coalition (NPRC) and a Board Member of the Hispanic Association on Corporate Responsibility (HACR)—offered a very different perspective on the company.
“Entrepreneur” and “CEO” are titles that go hand-in-hand in business, but their close association has been known to give rise to another kind of leader entirely: the entrepreneurial CEO. That’s what Forbes Contributor Robert Sher calls a leader whose penchant for “strategy tinkering”—however well intentioned—can have an adverse effect on organizational growth.
USA Today’s Talking Tech recently spoke to Stella & Dot Founder and CEO Jessica Herrin, as well as stylists and shoppers at one of the company’s popular trunk shows. Stella & Dot projects sales of over $200 million for 2013, and Herrin predicts annual sales will reach $1 billion by the end of the decade.
Since 2003, Amway has directed its people-centric Corporate Social Responsibility (CSR) efforts toward improving the lives of children around the world. The company’s annual CSR report for 2012 revealed that 10 million children have now been impacted through the Amway One by One Campaign for Children.