FSN E-Commerce (Nykaa) IPO - Beauty Showing Signs of Improvement but Its Too Expensive for Our Taste
FSN E-commerce (Nykaa) aims to raise around US$720m in its Indian IPO. In this note, we will look at the recent updates and valuation.
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American Direct Seller in China Q2 Update - NUS, HLF and USNA China
In this note, we update our clients with channel surveys from independent distributors and sales reps associated with Herbalife Ltd (HLF US) , Nu...
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American Direct Seller in China Q1 Preview- USNA, HLF, NUS
Last week, three major multi-level marketing companies with meaningful exposure to China reported very divergent results in Q1. Contrasting Nu...
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Assessment of China’s Crackdown on American MLMs
While we believe that direct sellers will all face tougher regulatory scrutiny in China in 2019, as well as high comps from 2018, some will venture...
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China’s Intensifying Crackdown on Direct Sellers - HLF, NUS, USNA
Nu Skin Enterprises Inc A (NUS US) ' Latest Scandal in ChinaOn March 18th, Beijing Youth Daily reported the death of a NUS distributor (34- years...
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