Arbonne's Financial Problems
by Cindy Weber
Arbonne has filed for Chapter 11 (which is actually more like protection from outright bankruptcy). The owner company (Natural Products Group) announced plans in January for a restructuring which is expected to reduce more than 80% of its outstanding debt. Basically the plan is to convert outstanding debt into equity, swapping the debt owed to acquire ownership shares.
My sister is a consultant and as far as she can see, it's business as usual so far. But like she says, it's not easy building a direct selling business without everybody talking about its financial problems.
Personally, with all the other great MLM companies out there to choose from, I'd take a long hard look before I jumped in to sign up.
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