- Nu Skin Enterprises
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Nu Skin Enterprises 
Type Public Traded as NYSE: NUS Industry Personal care, nutraceuticals Founded 1984 Founder(s) Blake Roney, Nedra Roney, Brooke Roney, Steve Lund, Sandie Tillotson Headquarters Provo, Utah, United States Area served Worldwide Key people Blake M. Roney (Chairman)
M. Truman Hunt (President, CEO, and Director)
Ritch N. Wood (Vice President and CFO)[1]Revenue 
US$ 1.54 billion (2010)[2]Operating income US$ 217.062 million (2010)[2]Net income US$ 136.051 million (2010)[2]Total assets US$ 892.224 million (2010)[2]Total equity US$ 471.249 million (2010)[2]Website nuskin.com Coordinates: 40°14′00″N 111°39′37″W / 40.2334366°N 111.6601706°W
Headquarters in Provo, Utah
Nu Skin Enterprises (NYSE: NUS) is an American multi-level marketing company that develops and distributes personal care products and nutritional supplements that are sold under the Nu Skin and Pharmanex brands.[3] Nu Skin was founded in 1984 in Provo, Utah as Nu Skin International. The company began its first actual international operation in Canada in 1990, and in 1996 the company listed on the New York Stock Exchange. Initially only the Nu Skin Asia Pacific company was listed; however, shortly afterward all remaining company affiliates were sold to the new entity and Nu Skin Enterprises became a fully fledged public company.
Following a 1994 investigation by the Federal Trade Commission (FTC), the company paid $1 million and signed a consent decree prohibiting it from making deceptive or unsubstantiated claims about its products.[4] In 1997, the company paid an additional $1.5 million to the FTC to settle ongoing allegations of unsubstantiated promotional claims.[5]
In 2010, the company reported its highest ever earnings with US$1.54 billion in revenue in 51 international markets.[2] As of 2011, Nu Skin operates in 51 countries in North America, Europe, and Asia.[6]
Contents
Brands and products
Under the Nu Skin brand, the company develops and sells dozens of anti-aging personal care products.[7][8] A portion of proceeds from some product lines is donated internally to the Nu Skin Force for Good Foundation.[9] The company markets anti-aging dietary supplements under the Pharmanex brand.[10]
Reception
The nutritional supplement Pharmanex LifePak Anti-Aging was tested by ConsumerLab.com in their Multivitamin and Multimineral Supplements Review of 38 of the leading multivitamin/multimineral products sold in the U.S. and Canada. Testing included amounts of selected index elements, their ability to disintegrate in solution per United States Pharmacopeia guidelines, lead contamination threshold set in California Proposition 65, and meeting U.S. Food and Drug Administration (FDA) labeling requirements.[11]
Although the supplement passed all laboratory tests, ConsumerLab reported the product as failing the overall review due to not clearly indicating its total amount of Vitamin A per FDA requirements.[12]
Political activities
In 2011 two Utah incorporated business entities linked to top executives of Nu Skin each made $1 Million contributions to the SuperPac "Restore Our Future".[13] Restore our Future is a political action committee established by former aides to US presidential candidate Mitt Romney to support his bid for the White House.
References
- ^ "Nu Skin Executives". Hoover's, Inc.. http://www.hoovers.com/free/co/people.xhtml?ID=52386. Retrieved 2008-12-26.
- ^ a b c d e f Nu Skin 2010 Annual Report Selected Financial Data - page 34
- ^ http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=NUS:US
- ^ "Consent Order C-3489". Federal Trade Commission. 1994-04-01. http://www.ftc.gov/os/decisions/docs/vol117/FTC_VOLUME_DECISION_117_(JANUARY_-_JUNE_1994)PAGES_316_-_418.pdf. Retrieved 2010-12-25.
- ^ "Nu Skin to Pay $1.5 Million Penalty to Resolve FTC Charges Over Fat-Loss Claims for Supplements". Federal Trade Commission. 1997-08-06. http://www.ftc.gov/opa/1997/08/nuskin3.htm. Retrieved 2008-12-26.
- ^ Nu Skin SEC Filing Form 10-K
- ^ Reuters. http://www.reuters.com/finance/stocks/companyProfile?symbol=NUS.BE.
- ^ http://www.deseretnews.com/article/700017667/BYU-licenses-soy-technology-to-Nu-Skin-for-anti-aging-serum.html
- ^ http://news.google.com/newspapers?id=h-5LAAAAIBAJ&sjid=wewDAAAAIBAJ&pg=3878,2716675&dq=epoch+nu+skin&hl=en
- ^ Reuters. http://www.reuters.com/finance/stocks/keyDevelopments?symbol=NUS.
- ^ "ConsumerLab Multivitamin and Multimineral Supplements Review - Testing Method". 15 June 2011. https://www.consumerlab.com/howtested/review_multivitamin_compare/multivitamins/. Retrieved 18 August 2011.
- ^ "ConsumerLab Multivitamin and Multimineral Supplements Review - Main Review". 15 June 2011. https://www.consumerlab.com/reviews/Multivitamin_Multimineral_Supplements/multivitamins/. Retrieved 18 August 2011.(subscription required)
- ^ Martin, Jonathan; Kenneth P. Vogel (July 31, 2011). "PAC brings in $12.2 million for Mitt". Politico. http://www.politico.com/news/stories/0711/60329.html. Retrieved August 4, 2011.
External links
Categories:- Companies listed on the New York Stock Exchange
- Multi-level marketing companies based in Utah
- Personal selling
- Companies established in 1984
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