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Visalus is a multilevel marketing company that is located in Los Angeles, California. It also has an office in Troy, Michigan. The firm does the marketing of weight management nutritional products and also the dietary supplements. It also markets the energy drinks in Canada, America and United Kingdom.
This company had a massive network of 31,000 independent distributors. It had weight management products that included Vi-Shape meal substitution shakes and that were from the most of the sales of the company.
Visalus began in the year 1997 and it was started by Nick and Blake. These were two of the distributors with the Free Network LLC. It is an awesome telecommunication multi-level marketing company based in Troy, Michigan.
Visalus was bought by the wireless web developer Ryan Blair. The firm moved to the San Francisco Bay Area. Visalus was taken over by Blyth Inc. which is a multi-marketing company that sells home décor and it was founded by Georgen. Blyth bought a 43.6 percent equity interest for $14 million.
Visalus was earning $15 million in one month. Blyth spent $2.5 million and enhanced their ownership share to 57.5 percent.
Blyth spun off the company in the first public offering of shared that is up to $175 million. Visalus showed great growth rates in the year 2012. It was the best and the fastest developing firms. The growth of the company was not valued in a proper manner.
In the year 2013, Visalus was started in United Kingdom. Visalus also expanded to Austria and Germany. Visalus became a totally independent and a private company and transformed the stock of the company to the usual stock. Blyth became an equity holder with at least ten percent of the stock of Visalus.
The transaction eradicated the need of Blyth to pay the co-founders nearly $143.2 million for the 2008 acquisition. The revenue and earnings had become less from a high point in the year 2012. The firm was functioning at a loss for the year 2013 and also in the first two quarters of the year 2014.
Visalus had got approximately 114,000 distributers in the year 2012. It had 76,000 distributors in the year 2013.
Other related keywords:
Body by vi
Body by vi shake
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