Avon Hoax Suspect, Amway Innovation, and Getting Emotional

Admin   |   08 June, 2015   |   928   |   3980

Catch up on this week’s industry chatter with these click-worthy links:

# The New York Times reported that the Securities and Exchange Commission has charged a Bulgarian man in its investigation into a recent false takeover bid for Avon. The lawsuit claims the man tried to manipulate the brand’s stock price—a scheme that, according to FORTUNE, earned the fraudster a whopping $5,000.

# Amway, which recently introduced a weight-management planbased on a genetic test, has teamed up with medical diagnostics company Miraculins to research a method of fighting aging through skin pre-testing. Miraculins announced that a poster on the study—“The Association of Skin Glycation with Facial Skin Aging”—will be featured during the 23rd World Congress of Dermatology this month in Vancouver.

# In its “Talking Management” video series, The Globe and Mail took a look at why companies need to understand emotional engagement. The London Business School’s Julian Birkinshaw points to Tupperware as an example of how business is more than just rational decision-making.

# Drs. Tei-Fu and Oi-Lin Chen are the founders of family-owned health and beauty brand Sunrider International, as well as the new owners of the SLS Beverly Hills, a luxury hotel in California. Sunrider announced the purchase of the 297-room property in a deal with management firm sbe. The family’s real estate holdings also include the St. Ermin’s Hotel in London and the Sunworld Dynasty™ Hotel Group with sites in Beijing and Taiwan.

# American actress Jaime King had good things to say about Mary Kay this week as she supported the company at a fundraiser in California. Speaking to The Hollywood Reporter, King shared her childhood memories of Mary Kay ladies and learning to use the cosmetics from her mother.