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词条 JRJR Networks
释义

  1. Structure

  2. History

  3. References

  4. Footnotes

{{Multiple issues|
  {{notability|Organizations|date=April 2014}}  {{advert|date=April 2014}}  {{refimprove|date=April 2014}}  {{technical|date=April 2014}}

}}{{Infobox company
| name = JRjr33 Inc
| type = Public
| traded_as =
| industry = Multi-level marketing
| foundation = 2013
| founder = John Rochon
| location = Dallas, Texas and Luzern, Switzerland
| key_people = John P. Rochon
({{small|Chairman}})
John Rochon, Jr.
({{small|Vice Chairman}})
| homepage = {{URL|http://www.jrjrnetworks.com}}
}}

JRJR Networks, formerly CVSL earlier Computer Vision Systems Laboratories, is a holding company of multi-level marketing companies.[1] JRJR Networks traded on the NYSE MKT, although was significantly below the required level of capitalization to continue in compliance [2] and was therefore removed from the exchange. JRJR was founded by its chairman, John Rochon, a micro-enterprise pioneer. John Rochon, Jr. is the JRJR Vice Chairman and Chairman of the Investment Committee.

Structure

The JRJR business currently consists of:

  • Kleeneze, a 95-year old UK-based catalog seller of cleaning, health, beauty, home, outdoor and a variety of other products.
  • Kleeneze collapsed into administration on April 12, 2018, at which time it employed 140 staff over two sites & supplied around 5,000 self-employed distributors
  • Betterware, a UK-based home catalog seller
  • Betterware collapsed into administration on April 13, 2018.
  • Agel Enterprises, a global seller of nutritional products in gel form. No longer trading.
  • The Longaberger Company, an American maker of handcrafted baskets and other home décor items;
  • Longaberger ceased operations on May 4, 2018 [3]
  • Your Inspiration at Home, a maker of spices and other gourmet food items - currently in Liquidation [https://www.companiesoffice.govt.nz/companies/app/ui/pages/companies/5502499 NZ Companies Office] also in Liquidation in Australia
  • Uppercase Living, seller of vinyl expressions, no longer trading.
  • Tomboy Tools, seller of tools designed specifically for women, no longer trading.
  • My Secret Kitchen, UK-based maker of gourmet foods also in liquidation
  • Paperly, a direct seller of personalized stationery and gifts
  • Most of their businesses have ended up in receivership and is therefore a warning on this organisation

The direct selling industry functions through relationship-based commerce. Consultants or other sales force members sell products and services directly to customers. JRJR has acquired multiple direct selling, or micro-enterprise, companies and brought them under a single umbrella.[4]

Each company within JRJR maintains its own identity, leadership and brand while utilizing some shared operational services through a centralized management team. The U.S. management team is headquartered in Dallas, Texas on the 22nd floor penthouse of the Frost Bank Tower. JRJR's European headquarters is in Luzern, Switzerland.

JRJR Networks along with significant shareholder Richmont Holdings, entered into Chapter 11 in June 2018.

History

In September 2012, John Rochon named a board of directors that included experts in micro-enterprise, and announced his strategy of making CVSL a holding company for building a growing "consumer cloud" virtual community that would connect tens of millions of members.[5]

First to join the CVSL community was The Longaberger Company, which joined in March 2013.[6]

Your Inspiration at Home joined CVSL in August 2013.[7]

Both Tomboy Tools and Agel Enterprises joined CVSL in October 2013.[8][9]

Paperly and My Secret Kitchen both joined the CVSL community in December 2013.[10][11]

[https://www.uppercaseliving.com/ Uppercase Living] joined CVSL in March 2014.[12]

[https://www.kleeneze.com/ Kleeneze] in the UK joined CVSL in February 2015.[13]

[https://www.betterware.co.uk/ Betterware] joined CVSL in October 2015.[14]

CVSL was ranked #84 on the 2015 Direct Selling News Global 100, an annual list of the top revenue-generating multi-level marketing companies in the world.[15] Revenue figures in the 2015 DSA Top 100 list do not include the Kleeneze or Betterware acquisitions.

In December, 2014 CVSL's stock began trading on the NYSE MKT exchange.[16] Representatives from various companies in the CVSL family rang the closing bell at the New York Stock Exchange on August 26, 2015.[17]

In 2018 the group ran into a series of problems, with Longaberger, Betterware and Kleeneze all going into administration.

References

1. ^[https://www.bloomberg.com/quote/CVSL:US CVSL:US]
2. ^FORM 8K - JRjr33, INC.
3. ^Longaberger story coming to an end
4. ^{{cite web|last=Coleman-Lochner|first=Lauren|title=Rochon Plans to Build Direct--Selling Brands on LVMH Model|url=https://www.bloomberg.com/news/2012-11-27/rochon-plans-to-but-direct-selling-brands-on-lvmh-model.html|publisher=Bloomberg|accessdate=28 April 2014|date=November 27, 2012}}
5. ^{{cite web|url=http://www.cvsl.us.com/story|title=CVSL|accessdate=22 April 2014}}
6. ^{{cite web|title=Longaberger, CVSL Finalize Agreement|url=http://directsellingnews.com/index.php/view/longaberger_cvsl_finalize_agreement#.U1gYLVBOWpo|publisher=Direct Selling News|accessdate=23 April 2014|date=March 19, 2013}}
7. ^{{cite web|title=CVSL Announces Signing of Definitive Agreement to Acquire Your Inspiration at Home|url=http://www.prnewswire.com/news-releases/cvsl-announces-signing-of-definitive-agreement-to-acquire-your-inspiration-at-home-212554561.html|publisher=PR Newswire|accessdate=23 April 2014|date=June 21, 2013}}
8. ^{{cite web|title=CVSL Announces Closing of Tomboy Tools Transaction|url=http://www.prnewswire.com/news-releases/cvsl-announces-closing-of-tomboy-tools-transaction-227988151.html|publisher=PR Newswire|accessdate=23 April 2014|date=October 16, 2013}}
9. ^{{cite web|title=CVSL Announces Completion of Agel Transaction|url=http://www.prnewswire.com/news-releases/cvsl-announces-completion-of-agel-transaction-228746881.html|publisher=PR Newswire|accessdate=23 April 2014|date=October 22, 2013}}
10. ^{{cite web|title=CVSL and Paperly Finalize Transaction|url=http://www.prnewswire.com/news-releases/cvsl-and-paperly-finalize-transaction-236701881.html|publisher=PR Newswire|accessdate=23 April 2014|date=December 20, 2013}}
11. ^{{cite web|title=CVSL and My Secret Kitchen Finalize Transaction|url=http://www.prnewswire.com/news-releases/cvsl-and-my-secret-kitchen-finalize-transaction-237001891.html|publisher=PR Newswire|accessdate=23 April 2014|date=December 23, 2013}}
12. ^{{cite web|title=CVSL and Uppercase Living Close Transaction|url=http://www.prnewswire.com/news-releases/cvsl-and-uppercase-living-close-transaction-250342871.html|publisher=PR Newswire|accessdate=23 April 2014|date=March 14, 2014}}
13. ^{{cite web|title=CVSL and Kleeneze Transaction|url=http://www.prnewswire.com/news-releases/cvsl-signs-agreement-to-acquire-kleeneze-300031970.html|publisher=PR Newswire|accessdate=6 February 2015|date=February 6, 2015}}
14. ^{{cite web|title=CVSL Acquires Betterware, Ltd.|url=http://www.prnewswire.com/news-releases/cvsl-acquires-betterware-ltd-300160858.html|publisher=PR Newswire|accessdate=13 January 2016|date=October 15, 2015}}
15. ^{{cite web|title=2015 DSN Global 100 List|url=http://directsellingnews.com/index.php/view/2015_dsn_global_100_list#.Vpa2t7YrLcs|publisher=Direct Selling News|accessdate=13 January 2016|date=April 8, 2015}}
16. ^{{cite web|title=CVSL Inc. Will Begin Trading On New York Stock Exchange This Friday|url=http://www.prnewswire.com/news-releases/cvsl-inc-will-begin-trading-on-new-york-stock-exchange-this-friday-300004422.html|publisher=PR Newswire|accessdate=13 January 2016|date=December 3, 2014}}
17. ^{{cite web|title=CVSL Rings Closing Bell at the New York Stock Exchange|url=http://directsellingnews.com/index.php/view/cvsl_rings_closing_bell_at_the_new_york_stock_exchange#.Vpa7T7YrLct|publisher=Direct Selling News|accessdate=13 January 2016|date=August 27, 2015}}

Footnotes

  • [https://app.companiesoffice.govt.nz/companies/app/service/services/documents/DF563FE90EF21A063B97CBEA2CB37B30 New Zealand Companies Office] Liquidators First Report. August 25, 2017.
  • [https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/Your-Inspiration-At-Home-Pty-Ltd-164468188/6eee9482-b3d6-4b60-a8f0-689c2bda54d0 NOTICE OF APPOINTMENT AS LIQUIDATOR] Australian Liquidation. September 13, 2017.
{{DEFAULTSORT:CVSL}}

3 : Multi-level marketing companies|Companies based in Dallas|Multi-level marketing
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