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Nu Skin Enterprises Inc - Nu Skin

Provo, UT, USA |
07 April, 2023 |
441 |
3980 |
[email protected] |
18004871000 |
https://www.nuskin.com/ |

The U.S. multilevel marketing company Nu Skin Enterprises creates and markets dietary supplements as well as personal care goods under the NYSE ticker symbol NUS. A network of over 1.2 million independent distributors helps the corporation sell its goods in 54 markets. The company manufactures and sells over 200 personal care products under the Nu Skin and Pharmanex brands, with the goal of making people look and feel younger.

In 1984, Nu Skin was established in Provo, Utah. The business initially catered to the American market before extending its reach to Canada in 1990. The business started operating in Asia in 1991, beginning in Hong Kong. The business went public on the New York Stock Exchange in 1996.

The business strategy used by Nu Skin Enterprises is multi-level marketing. Each distributor offers products to potential customers directly and has the ability to find and train clients to work as distributors. Distributors receive a performance incentive based on the sales of distributors they have recruited, in addition to the retail markup on products they are able to sell on their own. According to Nu Skin, it pays sales commissions equal to about 43% of its product revenue.

Company Tagline: “Discover the Best You”

CIN: U24246MH2006PTC164280

Company Type: Multi-Level Marketing Company

Category/Industry: Personal Care, Dietary Supplements

Founded Year: 1984

Founder/Co-Founder/CEO/Director: Blake Roney, Steve Lund, Sandie N. Tillotson, Steven J. Lund, Nedra Roney

Headquarters: Provo, Utah, United States

Branches: Global

Operating Status: Active

Company Product/Services: Wellness and Health Products

Top Leaders: Steven J. Lund, Mark Lawrence, Ryan Napierski

Location/Address: 75 West Center, Provo, UT, United States - 84601