[UPDATE] Arbonne Int'l Bankruptcy: Company Review
ARBONNE MLM BANKRUPTCY
MIDLEVEL DISTRIBUTORS MAD – BETTER THAN MLM BANKRUPTCY BELOW
Editors opinon note formed from 5 people midlevel not statistically significant: The company was more than $800 million in debt while Arbonne distributors were telling their prospects that the company was debt free.
Editors opinon note formed from 3 people not statistically significant: Their top leaders were asked to take a pay cut in November. Opinion: this was to stall Bankruptcy of course.
Natural Products Group, based in Irvine, California, said in court documents that it grew rapidly in 2005 and 2006 as Arbonne added a large number of direct marketing contractors, providing an unsustainable boost to revenue. Opinion: This part of news release was to cover the owners pulling $200 million in dividends in 2005. If they had left that $200 million in the company no bankruptcy? Probably!
The company’s net sales began to fall in 2007-2009 due to a loss of direct marketers and downturn in the economy. Opinion: Change of a popular top Arbonne Exec…. other MLM companies did not go under. Why these owners? Look at Tupperware and their brillant GOLD parties! The rumor of shaky financials has been floating around for a year so distributors had to hear them if I did. They have started a Debt Reduction Program..slow show too late to stave off Bankruptcy?
While the bankruptcy wipes out the initial investors, Natural Products Group paid them $200 million in dividends in 2005, according to a company statement dated Jan. 4, 2006.
ARBONNE DISTRIBUTORS – LOOKING FOR GOOD HOME?
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