Category: Out Of Business
Beautycounter Terminates All MLM Distributors, Shutting Down
April 18, 2024
Beautycounter founder and CEO Gregg Renfrew left the company in January 2023. In 2022, Beautycounter named Marc Rey as CEO while Renfrew became the company’s Executive Chair and Chief ...
Partylite Abandon Direct Selling in The USA and Canada
February 5, 2024
After half a century of pioneering success in the Direct Selling sector, Luminex Home Décor & Fragrance proudly announces a strategic shift for its PartyLite North America market, transitioning ...
Lyoness AG Files For Bankruptcy
October 27, 2023
Lyoness International AG and Lyoness Europe AG: Insolvency proceedings initiated for both companies - national companies to continue operations as before. Insolvency proceedings have been commenced in respect of ...
Isagenix Outstanding Debt Of $43 Million “Unsustainable”
October 14, 2022
Moody's Investors Service ("Moody's") appended a limited default "/LD" designation to Isagenix International, LLC's ("Isagenix") Probability of Default Rating (PDR), changing the PDR to C-PD/LD from C-PD. The/LD designation ...
Young Living Abandons Brasil
August 20, 2022
According to a Young Living Press Release: The experience of a global pandemic—and everything that came along with it—created a necessity for most businesses to reevaluate ideal conditions for ...
Amway Winding Down Operations In Russia
July 4, 2022
According to an Amway press release: Earlier this week, we shared with our employees and Amway Business Owners (ABOs) that Amway’s global Board of Directors has made the decision ...
Crypto Scammer Bruce Brise Sentenced To 50 Months
June 24, 2022
Founders of Crypto ICO Sentenced to Combined 8 Years in Prison for Tax Evasion After Raising $24 Million from Investors. The owners of a cryptocurrency company have been sentenced ...
Hyperfund – Hyperverse Collapse, Kalpesh Patel Exit The Ponzi
May 26, 2022
Hyperfund, Hyperverse, Hypertech, Hyperone, and HyperNation, all rebrands in the past months of a very large Ponzi scheme. A Ponzi scheme is a fraudulent investing scam which generates returns ...
Amplifei International And Üforia Science Unite With LaCore Enterprises
March 5, 2022
LaCore Entreprises Sees Huge Value In Unifying Amplifei International & Uforia Sciences With One Common Goal Nutrigenomics Research & Delivery. Amplifei international and Üforia Science unify to establish unmatched dominance with ...
WorldVentures Voluntarily Files Chapter 11 Bankruptcy
December 24, 2020
WorldVentures is expected to complete the restructuring process and emerge from Chapter 11 bankruptcy protection as soon as possible. WorldVentures™ announced today that it has filed voluntary petitions for relief ...
45% + Of The Top Leaders Is After 5 Years With An Other Opportunity
October 24, 2019
By Ted Nuyten - CEO Business For Home A bold Statement? In May 2014 we organised the Top MLM Networker Poll 2014 and over 10,000 people voted for their ...
Direct Cellars Closed Down – Thousands Of Reps In Shock
October 17, 2019
According to a message to the field: Dear Valued Brand Partners, Due to adverse conditions and lack of immediate financing, Direct Cellars has made the difficult decision to suspend ...