Youngevity International Inc (fka YGYI)

[Auricgoldfinqer]

Odd that this news seems to be uninteresting to this board.

I guess we don't need to know about any financial terms to determine whether this is a good deal for both sides or not? If YGYI's failed management won't tell us I assume this will be a disaster, just like the stock performance. And the reverse split, and the uplisting. They all failed to create value.

Tupperware Brands Announces Sale Of Beauticontrol Assets To Youngevity International.



https://www.prnewswire.com/news-releases/tupperware-brands-announces-sale-of-beauticontrol-assets-to-youngevity-international-300571398.html







News provided by
Tupperware Brands Corporation
Dec 14, 2017, 09:15 ET

ORLANDO, Fla., Dec. 14, 2017 /PRNewswire/ -- Tupperware Brands Corporation (NYSE: TUP) and Youngevity International, Inc. (NASDAQ: YGYI) today announced they have reached an agreement whereby Tupperware Brands will sell Beauticontrol assets to Youngevity, a leading omni-direct lifestyle company. As part of the deal, Youngevity will integrate Beauticontrol's sales force into its company, marketing Beauticontrol branded products, as well as the other brands in Youngevity's extensive product portfolio. Youngevity will also market Beauticontrol branded products to its existing member base. Tupperware will earn a royalty based on future sales of the Beauticontrol sales force, and sales of the Beauticontrol product line by the existing Youngevity members.





"We couldn't be more pleased to reach this agreement with Youngevity. We feel Youngevity's 20 year history and impressive track record make them the ideal company to welcome Beauticontrol into its family of brands. The agreement will allow Beauticontrol's sales force to again be able to purchase many of the products that they and their customers love. As part of Youngevity, the Beauticontrol product line will have an even wider audience through its existing members and by joining Youngevity, the Beauticontrol sales force members will be able to enjoy a terrific direct selling earning opportunity. While likely to be modest in any particular year, monetizing these Beauticontrol assets is a win for Tupperware Brand's shareholders," said Rick Goings, Chairman and CEO of Tupperware Brands.

"We're thrilled and proud to enter into an agreement with Tupperware who has built an iconic and impressive global brand and company. We look forward to welcoming the sales force of Beauticontrol and expanding the innovative product development that Beauticontrol has become known for over the last 27 years," said Steve Wallach, CEO and Chairman of Youngevity.

For more information on how to engage as a Beauticontrol member please send inquiries by email to [e-mail].

J.P. Morgan Securities LLC served as exclusive financial advisor and Sidley Austin LLP served as legal advisor to Tupperware Brands.