Monday, December 18, 2017

BeautiControl is Sold to Youngevity

Kevin Surbaugh via a PR Newswire press release

Orlando, FL - This past Friday Tupperware Brands Corporation (NYSE: TUP) along with Youngevity International, Inc (NASDAQ: YGYI) announced that Tupperware would sell the BeautiControl division to Youngevity.  What is BeautiControl?  Some in the community, may not
have heard of the brand, even though Tupperware is pretty much a household name.
BeautiControl is a 36-year old beauty company that specializes in Spa treatments,
Personalized skin care and Advanced Anti-aging products (SPA) through a unique at-home spa experience with an unmatched income opportunity.
As part of the deal, Youngevity will integrate Beauticontrol's sales force into its company, marketing Beauticontrol branded products, as well as the other brands in Youngevity's extensive product portfolio. Youngevity will also market Beauticontrol branded products to its existing member base. Tupperware will earn a royalty based on future sales of the Beauticontrol sales force, and sales of the Beauticontrol product line by the existing Youngevity members.
 Rick Goings, Chairman, and CEO of Tupperware Brands said,
"We couldn't be more pleased to reach this agreement with Youngevity. We feel Youngevity's 20-year history and impressive track record make them the ideal company to welcome Beauticontrol into its family of brands. The agreement will allow Beauticontrol's sales force to again be able to purchase many of the products that they and their customers love.  As part of Youngevity, the Beauticontrol product line will have an even wider audience through its existing members and by joining Youngevity, the Beauticontrol sales force members will be able to enjoy a terrific direct selling earning opportunity. While likely to be modest in any particular year, monetizing these Beauticontrol assets is a win for Tupperware Brand's shareholders."
Steve Wallach, CEO, and Chairman of Youngevity added,
"We're thrilled and proud to enter into an agreement with Tupperware who has built an iconic and impressive global brand and company.  We look forward to welcoming the sales force of Beauticontrol and expanding the innovative product development that Beauticontrol has become known for over the last 27 years."

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