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Nu Skin

#7619

Rank

$282.62M

Marketcap

US United States

Country

Nu Skin
Leadership team

Mr. Mark H. Lawrence (Exec. VP & CFO)

Mr. Steven J. Lund (Exec. Chairman)

Mr. Ryan S. Napierski (Pres, CEO & Director)

Products/ Services
Beauty, Consumer Goods, Cosmetics, Health Care, Manufacturing, Nutrition, Sales, Wellness
Number of Employees
1,000 - 20,000
Headquarters
Provo, Utah, United States
Established
1984
Company Registration
SEC CIK number: 0001021561
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
NUS
Social Media
Overview
Location
Summary
Nu Skin Enterprises, Inc. develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products. The company also offers ageLOC Youth nutritional supplements, ageLOC TR90 weight management and body shaping systems, LifePak nutritional supplements, ageLOC Meta nutritional supplements, and Beauty Focus Collagen+ skin care supplements, as well as other weight management products. In addition, it is involved in the research and product development of skin care products and nutritional supplements. Further, the company operates retail stores and service centers in Mainland China. It sells its products under the Nu Skin, Pharmanex, and ageLOC brands. The company promotes and sells its products directly, as well as through distributors and Website. Nu Skin Enterprises, Inc. was founded in 1984 and is headquartered in Provo, Utah.
History

Nu Skin was founded in 1984 in Provo, Utah. The founders are Blake Roney, Sandie Tillotson, and Steve Lund. Their mission is "to be a global force for good by empowering people to improve lives with innovative products, rewarding opportunities and an enriching culture." The company first served the United States market and expanded operations to Canada in 1990. In 1991, the company began operations in Asia, starting in Hong Kong. In 1996, the company listed on the New York Stock Exchange.

In 1998, Nu Skin acquired Generation Health, the parent company of the dietary supplement company Pharmanex. The company owns a patent on a device developed by Pharmanex called a "BioPhotonic Scanner", which is designed to measure the carotenoid level in skin. According to Women's Health Letter, the device is a "scam" since it is designed merely to help sell more supplements: Nu Skin's 2002 annual report stated: "As customers track their skin carotenoid content, we believe they will be motivated to consistently consume LifePak for longer periods of time".In the late 1990s, Nu Skin invested in Big Planet, a multilevel marketing company selling Internet services. The New York Times noted that Big Planet appeared to recruit people "even if they have little knowledge of the technology that they are supposed to be selling." A representative of the company stated: "I believe people who have never touched a computer before can become hugely wealthy in this business."In 2009, Nu Skin began working with LifeGen Technologies, a genomics company based in Madison, Wisconsin. Nu Skin acquired LifeGen in December 2011. Nu Skin claims LifeGen's genetic database aided in the development of Nu Skin's products, launching the ageLOC brand.

Mission
Our mission is to be a force for good throughout the world by empowering people to improve lives with rewarding business opportunities, innovative products, and an enriching, uplifting culture.
Vision
Our vision is to become the world's leading beauty and wellness platform, powered by our affiliate opportunity platform.
Key Team

Mr. Ritch N. Wood (Exec. Advisor)

Dr. Joseph Y. Chang Ph.D. (Exec. VP & Chief Scientific Officer)

Mr. Chayce David Clark (Exec. VP & Gen. Counsel)

Mr. D. Matthew Dorny (Legal Advisor)

Ms. Mang Yee Tang (Exec. VP and Chief Global Growth & Customer Experience Officer)

Mr. Blake M. Roney (Founder)

Ms. Sandra N. Tillotson (Founder)

Recognition and Awards
Nu Skin Enterprises won 4 awards in 2022 and 5 awards in 2021. In 2022, Nu Skin Enterprises won for Best Company Perks & Benefits, Best Company Work-Life Balance, Best Leadership Teams 2022 and Best Product & Design Team 2022. In 2021, Nu Skin Enterprises won for Best Company Perks & Benefits, Best CEOs for Women 2021, Best HR Team 2021, Best Places to Work in Salt Lake City 2021 and Best Global Culture 2021. Based on 11,906 ratings and 426 participants, employees at Nu Skin Enterprises are very satisfied with their work experience. The overall culture score, 80/100 or A, incorporates employee ratings based on their feedback on the Manager, Gender, Meetings and more.
References

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Nu Skin
Leadership team

Mr. Mark H. Lawrence (Exec. VP & CFO)

Mr. Steven J. Lund (Exec. Chairman)

Mr. Ryan S. Napierski (Pres, CEO & Director)

Products/ Services
Beauty, Consumer Goods, Cosmetics, Health Care, Manufacturing, Nutrition, Sales, Wellness
Number of Employees
1,000 - 20,000
Headquarters
Provo, Utah, United States
Established
1984
Company Registration
SEC CIK number: 0001021561
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
NUS
Social Media