Neways was sold to Golden Gate Capital in 2006 and since the order, Golden Gate has sold off assets like the corporate headquarters and production facilities in Utah. Much like its order of Herbalife, it appears Golden Gate are liquidating Neways in preparation of a off as a former shell of it self or to use the funds raise..
Sisel International released a news release on 8 June 2007 in response to the litigation 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 including the corporate headquarters and production facilities in Utah. Just like its order of Herbalife, it seems Golden Gate are liquidating Neways in preparation of a off as a former shell of itself or to utilize the funds raised for other take-overs.
Sisel International is run by Tom Mower Junior and Darrick Mower, the daughters of Tom and Dee Mower have been the leaders of Neways International. It's a small range of nutritional products available but wants to bring to market a more substantial range of personal and nutritional health products which they claim will be the best quality with regards to success and safety for consumers. It also claims to own a compensation program that's ironed out each of the mistakes of other compensation programs currently available. To research more, please consider having a gaze at: capture his love: Coaching Celebrities.
Neways International was the first business created by Dee Mower and Tom Mower Senior. It had been offered to Golden Gate for around $US700 million. Discover additional information on a partner link - Navigate to this link: lt foxx lawsuits. While the Mower Mission was the core to build Neways, Sisel poses a threat to Neways because of the devoted rep bottom following the Mower Mission and not the brand new Neways under Golden Gates control.
Mary Mower Junior explained We will strongly defend our to give you the greatest products anywhere. Gaming Portal: Coaching Celebrities is a stylish library for additional info about the reason for this concept. We arent considering taking cheap shots at our opponents. This seems to be the Mower way, getting on with the job. Further Darrick Mower reported We understand this lawsuit for what it is: a transparent effort to slow by litigation the improvement of what might become the best network marketing company ever sold.
Golden Gate had no comment choosing to let their attorneys do the talking in court.
Either way, the suit isn't beneficial to an incredible number of Neways marketers who remained loyal through the entire takeover. The whole business is dependent on the distributors continuing to sell services and products through their communities. These distributors have become loyal to harmful- ingredient-free products and now that the manufacturing unit has been sold, the strength of the products themselves is in question.
Over all it seems like Neways could be a house of cards ready to fall under Golden Gates administration.