Archives for February 10, 2017

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Amway's sales drop 7%, extending 3-year decline

By Hank Schultz

Direct selling giant Amway has reported a third year of declining revenue. Sales in 2016 declined 7% to $8.8 billion, with a big drop in China driving the slide.

Mead Johnson Nutrition agrees Reckitt Benckiser takeover

By Jim Cornall

Reckitt Benckiser Group plc (RB) has signed a merger agreement with Mead Johnson Nutrition Company (Mead Johnson) under which Mead Johnson shareholders will receive $90 in cash for each share of common stock, valuing the total equity at $16.6bn.