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Nu Skin Enterprises is an American multilevel marketing company that develops and sells personal care products and dietary supplements under its Nu Skin and Pharmanex brands. Nu Skin was founded in 1984 in Provo, Utah. The company originated in the United States and began its first foreign operation in Canada in 1990. One year later, the company began operations in Asia with the opening of Hong Kong.[6] In 1996, the company listed on the New York Stock Exchange. The company markets its products in 54 markets through a network of approximately 1.2 million independent distributors.
In the 1990s, the Federal Trade Commission (FTC) investigated Nu Skin over complaints of its multilevel marketing practices. In 1992, Nu Skin reached settlements with five states that had accused the company of deceptive advertising and overstating the income earned by distributors. In 1994, following an investigation by the FTC, the company paid $1 million and signed a consent decree prohibiting it from making deceptive or unsubstantiated claims about its products. In 1997, the company paid an additional $1.5 million to the FTC to settle ongoing allegations of unsubstantiated promotional claims. In January 2014, the Chinese government announced that it was investigating Nu Skin following a People's Daily newspaper report calling it a "suspected illegal pyramid scheme." In 2016, Nu Skin agreed to pay a $47 million settlement for operating a pyramid scheme after being sued by China in a Utah federal court. Nu Skin was also forced to pay another $750,000 for bribing a top Chinese official with funds fromNu Skin's charitable division after a U.S. Securities and Exchange Commission probe.
Under the Nu Skin and Pharmanex brands, the company develops and sells more than 200 personal care products marketed as helping people look and feel younger. In the late 1990s, Nu Skin invested in Big Planet, a multilevel marketing company selling Internet services. The New York Times noted that Big Planet appeared to recruit people "even if they have little knowledge of the technology that they are supposed to be selling." A representative of the company stated: "I believe people who have never touched a computer before can become hugely wealthy in this business.
In 1998, Nu Skin acquired Generation Health, the parent company of the dietary supplement company Pharmanex. The company owns a patent on a device developed by Pharmanex called a "BioPhotonic Scanner", which is designed to measure the carotenoid level in skin. According to Women's Health Letter, the device is a "scam" since it is designed merely to help sell more supplements: Nu Skin's 2002 annual report stated: "As customers track their skin carotenoid content, we believe they will be motivated to consistently consume LifePak for longer periods of time".
In 2009, Nu Skin began working with LifeGen Technologies, a genomics company based in Madison, Wisconsin. Nu Skin acquired LifeGen in December 2011. Nu Skin claims LifeGen's genetic database aided in the development of Nu Skin products, launching the ageLOC brand.
Nu Skin Enterprises' utilizes a multi-level marketing business model. Each distributor markets products directly to potential customers, and can also recruit and train customers to become distributors. Distributors are paid from the retail markup on products they are able to sell personally, as well as a performance bonus based on the sales of distributors they have recruited. Nu Skin states that it pays approximately 43 percent of its product revenue in sales compensation.
In the early 1990s, Nu Skin was investigated by the states of Connecticut, Pennsylvania, Florida, Illinois, Ohio, and Michigan over allegations of misleading marketing practices. Ultimately, in 1992 the company settled with five of these states, admitting no wrongdoing but agreeing to pay the states' investigative costs, refund disgruntled distributors, and revamp its promotional practices. The Connecticut Attorney General did not agree to those terms and sued Nu Skin, however, charging the company with misleading its distributors and operating a pyramid scheme.[9][25][26] Nu Skin admitted to no wrongdoing or violation of law and paid Connecticut $85,000 for consumer-protection programs as part of a settlement.
In 1997, the Attorney General of Pennsylvania sued Nu Skin, alleging that the company operated a pyramid scheme through a subsidiary, QIQ Connections. The Attorney General's office alleged that distributors paid for the right to market technology services that did not, in fact, exist. Nu Skin discontinued the QIQ subsidiary, allowing those who had paid QIQ to transition to Big Planet, another Nu Skin interest marketing Internet technology. The president of Big Planet described the pyramid-scheme allegations as a matter of "a few distributors who in their enthusiasm have been overzealous in some of their marketing activities.
In 2010,Nu Skin was listed among Forbes "100 Most Trustworthy Companies".
In 2012, Stanford University sent a cease and desist letter to halt the use of the name of one of its researchers in Nu Skin's advertising claims. Stanford later released a statement regarding its long-standing, research-based relationship with Nu Skin explaining that the letter was sent to Nu Skin as a request by Stuart Kim a professor at Stanford. Kim requested in the letter that his name be removed from Nu Skin's marketing materials as he is no longer involved with research funded by Nu Skin. The letter did not, however, recognize the existing research relationship between Stanford and Nu Skin. Stanford apologized for any misunderstandings that may have resulted.
Also in 2012, Citron Research issued a report "stating that Nu Skin sales model on mainland China, the fastest growing market in direct-selling, amounted to an illegal multilevel marketing scheme. Nu Skin dismissed the claims, calling its sales model in China "kosher" and stating that it had no plans to change its business model in China. In January 2014, the Chinese government announced that it planned to investigate Nu Skin for allegedly operating an illegal pyramid scheme, causing the company's stock price to weaken. Following the investigation, it was announced in March 2014 that the Chinese government would fine Nu Skin for approximately $540,000 dollars due to illegal sales as well as making false product claims.
In February 2014, a securities fraud class action lawsuit was filed in the U.S. District Court for the District of Utah against Nu Skin Enterprises, Inc. on behalf of investors who purchased or otherwise acquired the common stock of the Company during the period from July 10, 2013, to January 16, 2014
In 2011, two Utah-incorporated business entities linked to top executives of Nu Skin each made a $1 million contribution to Restore Our Future, a "Super PAC" established by former aides to U.S. presidential candidate Nu Skin to support his bid for the White House.
Nu Skin Enterprises, Inc. is a holding company. The Company through Nu Skin, a global direct selling company is engaged in developing and distributing personal care products and wellness products that are sold worldwide under the Nu Skin, Pharmanex and ageLOC brands. Nu Skin offers beauty and personal care products, which includes 180 System, AP 24, Body, DR. Dana, Epoch, Nu Colour, Nutricentials, Tri-Phasic White, Tru Face and Sunright. Pharmanex offers nutritional products, including Nu Skin ageLOC R2, ageLOC Vitality, Nu Skin ageLOC Youth, g3, Nu Skin LifePak, TR90 and S3 Scanner. Its Nu Skin ageLOC provides anti-aging products, which includes Facial Spa, Me,Nu Skin LumiSpa, TFEU and Transformation products. The Company operates through nine segments, which consists of seven geographic Nu Skin segments, including Mainland China, South Korea, Southeast Asia, Americas/Pacific, Hong Kong/Taiwan, Europe, Middle East and Africa (EMEA), and Japan. Its segments also include Manufacturing segment and Grow Tech segment.
Beginning in 1989, Jason Chaffetz worked as a professional spokesman for the company for about ten years Chaffetz was elected U.S. Representative of Utah's 3rd congressional district in 2008 and later served as co-chair of the Congressional Dietary Supplement Caucus, a congressional panel that advocates on behalf of the dietary supplement industry, until retiring from Congress in 2017
G3 adalah minuman kaya nutrisi dari buah Gac yang tumbuh di Asia bagian Selatan. Gac mengandung sejumlah senyawa unik dalam bentuk karotenoid dengan ketersediaan hayati yang tinggi yang disebut lipocarotenes. Kandungan ini mendukung kesehatan fungsi daya tahan tubuh dengan memberikan perlindungan antioksidan yang kuat.
Setrika wajah, atau dalam istilah ilmiahnya disebut dengan radio frequency (RF) merupakan prosedur kecantikan tanpa bedah yang menggunakan frekuensi radio untuk mengencangkan dan membentuk kembali lapisan kulit yang kendur dengan Setrika Wajah.
Pengertian Marine Omega
Marine Omega adalah suplemen makanan yang mengandung Neptune Krill Oil (EPA, DHA dan fosfolipid), EPA, DHA, asam lemak omega 3 lainnya sebagai zat aktifnya. Marine Omega digunakan untuk membantu menjaga kesehatan jantung, Nu SkinMarine Omega meningkatkan sistem imun, dapat berfungsi sebagai anti-inflamasi (peradangan), meningkatkan fungsi otak, sendi, dan menjaga kesehatan kulit.
ageLOC TR90 JumpStart adalah campuran eksklusif yang diformulasikan khusus dengan nutrisi nabati premium termasuk pir berduri, kunyit, delima, dan oranye merah. TR90
Nu Skin adalah perusahaan direct selling yang memasarkan produk-produk perawatan kulit dan suplemen anti-aging premium.
Company Perspectives:
Nu Skin Enterprises' mission is to act as a force for good throughout the world by empowering people to improve lives with rewarding busin ess opportunities, innovative products, and an enriching, uplifting c ulture.
History of Nu Skin Enterprises, Inc.
Nu Skin Enterprises, Inc., is one of the world's largest direct selli ng or multilevel marketing (MLM) firms. In 41 nations, more than 820, 000 independent distributors buy Nu Skin products for their own use, sell them at retail prices, and recruit others to become distributors as well. The company offers more than 200 skin, NU SKIN hair, cosmetic, oral care, general nutritional, sports nutritional, weight management, an d botanical products. It also offers Internet services and various co mmunication products through its Big Planet division. Nu Skin opened retail locations in China in 2003.
Originsand Early Expansion
The year was Nu Skin 1984, Ronald Reagan was in the White House, and Blake Ro ney graduated from Brigham Young University (BYU) with a business fin ance degree and great hopes for the future. He and his sister Nedra R oney and their friend Sandie Tillotson decided to start their own bus iness. Blake Roney invested $5,000 of his own money in a business idea--to make personal care products that contained "All of the Good , None of the Bad," the core principle when Nu Skin International (NS I) was founded in June 1984. On October 15, 1984, the company was inc orporated.
Since the new firm had limited funds for advertising, it decided to r ely on the growing method of network or multilevel marketing (MLM), w hereby independent self-employed Nu Skin distributors would sell prod ucts one-on-one and recruit others to do the same.
Initially the company met in the apartment of Nedra Roney. After seve ral rejections, it finally found an Arizona company to make its first skin and hair products, which were sent to Nedra's place. Then the f ounders spooned their products from ten-gallon containers into jars o r whatever receptacles their customers brought. By word of mouth the new business spread to family and friends and was off and running out of its home in Provo, Utah.
By 1989 sales were exploding at double-digit rates every month. That year Nu Skin hired Brent Ririe as director of management information systems, the firm's first technical employee. He helped the company c hoose new computer systems so that commission checks could be mailed on time and other company functions could operate efficiently. Other serious problems, however, waited around the corner.
Legal Challenges Beginning in 1991
In March 1991 the Michigan attorney general told Nu Skin to prove it was not an illegal pyramid scheme or face a lawsuit. At least four ot her states (Ohio, Pennsylvania, Illinois, and Florida) also investiga ted the rapidly growing firm that by 1991 claimed more than 100,000 d istributors in the United States, Hong Kong, Canada, and Taiwan.
Nu Skin in late December 1991 issued a press release indicating that it had negotiated an agreement with Michigan in which it would streng then its buy-back policy by offering its distributors a 90 percent re fund on any unused products and sales aids, without any limit since t he time of purchase. The Direct Selling Association, which Nu Skin jo ined, recommended a 90 percent buy-back policy to prevent building up too much inventory. Georgia, Maryland, Louisiana, Wyoming, and Massa chusetts required that 90 percent refund policy.
Without admitting any illegal activity in its Michigan settlement, Nu Skin also agreed to reemphasize its retail sales and pay Michigan &# 36;25,000 for its investigative expenses. Nu Skin spokesman Jason Cha ffetz said in the December 28, 1991, Provo Daily Herald that h is company was encouraged by the settlement after what he said was "t he longest, hardest look at us."
Meanwhile, the Food and Drug Administration (FDA) investigated Nu Ski n to make sure its products were safe and clearly labeled without mak ing any illegal healing claims. It should be noted that no federal la ws had been passed covering multilevel marketing. Rules and regulatio ns of the FDA and Federal Trade Commission (FTC) applied, but most go vernment oversight came from state laws. The FTC's senior attorney sa id in the November 1991 issue of Kiplinger's that most states considered MLM as an illegal pyramid "when the money is coming in fro m the recruitment of people, not the sale of products."
Such governmental checks, national media exposure, and its expanding operations brought Nu Skin more attention in 1991. In May 1991, for e xample, it opened its new $8 million warehouse/distribution cente r in Provo's East Bay. Without going into debt, Nu Skin built a 200,0 00-square-foot center to consolidate its nine previous Utah County wa rehouses. The company also built a recreation facility, basketball an d volleyball courts, and picnic areas for its Provo employees.
In 1992 Nu Skin completed its new corporate headquarters. After using four other Provo offices, the firm finally had its permanent home in the ten-story Nu Skin Tower, Provo's tallest downtown building. It i ncluded fiber optics and computers to administer a growing internatio nal network of distributors and a visitors' center and theater.
In the early 1990s Nu Skin faced allegations of sex discrimination fr om 28 former and current female employees. In one lawsuit filed Decem ber 29, 1992, in U.S. District Court in Salt Lake City, six former em ployees charged that Nu Skin denied them advancement opportunities an d equal benefits and paid men more for comparable work. Judge David W inder on August 6, 1993, denied the women's effort to make this a cla ss action and dismissed the case with prejudice, so that it could not be refiled. This lawsuit was settled out of court under undisclosed terms, but both sides said they were pleased with the results. Since about half of Nu Skin's work force was women, this was a very signifi cant case.
The FTC in January 1994 confirmed that it had reached a settlement wi th Nu Skin, which agreed to pay $1.2 million without admitting an y wrongdoing. The FTC had alleged that the Provo firm had made false statements about three of its products and also had exaggerated earni ngs claims without telling prospective distributors that very few act ually made large incomes.
Meanwhile, Nu Skin in 1992 introduced a new line of products called I nterior Design Nutritionals, or IDN. Eventually the firm offered more than 50 IDN products of four types: general nutrition, sports nutrit ion, botanicals, and weight management.