ARBONNE What is its Future? Is it REALLY Going Chapter 11?

 This e-mail is NOT to celebrate the loss of thousands of Dreams,
it is to further educate You that::

Business Models ""ALWAYS"" Drive The Behavior In The Field.

When You "Front End Load" people with product that they pay
$287.00 wholesale and then they sell it on E-Bay for $50.00 the
"Results" are exactly the same "EVERY" time.

When You understand the "Truth" it's like having a Crystal Ball.

Arbonne In Chapter 11 Bankruptcy: It's Official

Posted on 27. Jan, 2010 by Ty Tribble in Arbonne

Arbonne has officially filed for Chapter 11 Bankruptcy protection
in Delaware. Â Here is the court information:

Natural Products Group LLC, U.S. Bankruptcy Court, District of
Delaware, No. 10-10239

The company was $530 million in debt while Arbonne distributors
were telling their prospects that the company was debt free.

From Reuters:

The company plans to borrow up to $20 million to fund operations
during its bankruptcy, known as a debtor-in-possession loan.

Lenders owed approximately $530 million will end up owning 85
percent of the reorganized company's equity under the restructuring
plan. They will also have a new term loan worth $125 million.

Lenders owed about $216 million under a separate loan will be
allocated warrants that will allow them to purchase up to 5 percent
of the equity in the reorganized company.

Harvest Partners LP, a New York private equity firm, owns the
pre-bankruptcy equity in Natural Products Group and it will be
wiped out.

Harvest formed Natural Products Group in 2004 to buy Arbonne
International LLC, a direct marketer of personal care products,
and Levlad Inc, which owns the Nature's Gate line.

Harvest, with other investors, provided $93 million of equity for
the acquisition

Natural Products Group, based in Irvine, California, said in court
documents that it grew rapidly in 2005 and 2006 as Arbonne
added a large number of direct marketing contractors, providing
an unsustainable boost to revenue.

The company's net sales began to fall in 2007-2009 due to a
loss of direct marketers and downturn in the economy.

The real sad part is that EVERY Distributor that said that the
company ( Arbonne ) was DEBT-FREE while sponsoring can
be sued in court for that action alone.http://jan.freedomblogging.com/2010/01/28/major-makeup-seller-files-bankruptcy-reorganization/30193/

 
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