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Sisel Versus Neways - The Batte Begins - 0 views

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started by McCain Hove on 01 Jun 13
  • McCain Hove
     
    Neways was sold to Golden Gate Capital in 2006 and since the purchase, Golden Gate has sold off assets such as the corporate headquarters and production facilities in Utah. Just like its purchase of Herbalife, this indicates Golden Gate are liquidating Neways in preparation of a use the funds raise.. or off as a former shell of it self. jt foxx
    jt foxx
    A press release was released by sisel International on 8 June 2007 in a reaction to the lawsuit issued against them by Neways International.

    Neways was sold to Golden Gate Capital in 2006 and considering that the acquisition, Golden Gate has sold off assets such as the corporate headquarters and production facilities in Utah. Just like its purchase of Herbalife, it seems Golden Gate are liquidating Neways in planning of a off as a former shell of it self or even to utilize the funds raised for other take-overs.

    Sisel International is run by Darrick Mower and Tom Mower Junior, the sons of Tom and Dee Mower who were the leaders of Neways International. It has a tiny range of nutritional products available but wants to bring to market a bigger range of nutritional and personal health products that they claim will be the best quality with regards to safety and success for customers. In addition it claims to really have a compensation plan that has ironed out most of the mistakes of other compensation programs currently available.

    Neways International was the first organization developed by Tom Mower Senior and Dee Mower. It absolutely was sold to Golden Gate for an estimated $US700 million. Since the Mower Mission was the core of creating Neways, Sisel poses a threat to Neways due to the faithful supplier base following the Mower Mission and not the brand new Neways under Golden Gates control.

    Mary Mower Junior reported We shall aggressively defend our to supply the greatest products anywhere. We arent interested in taking cheap shots at our competitors. This is apparently the Mower way, getting on with the job. Further Darrick Mower mentioned We recognize this suit for what it is: a clear attempt to slow by litigation the improvement of what could get to be the greatest network marketing company ever.

    Golden Gate had no comment choosing to let their lawyers do the talking in court.

    In either case, the litigation isn't good for countless Neways providers who remained loyal throughout the takeover. The whole organization is reliant on the suppliers continuing to sell products and services through their communities. These suppliers are very loyal to harmful- ingredient-free products and given that the manufacturing unit has been offered, the reliability of the products themselves is in doubt.

    General it looks as though Neways might be a house of cards willing to are categorized as Golden Gates administration.

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