Nu Skin Shares Fall On China News Claims

January 18, 2014--Nu Skin's stock fell more than 40% this week after a scathing story in China's state-run People's Daily compared Nu Skin's training methods for new sales reps to "brain washing" and suggested it operates an illegal pyramid scheme. The article also said China's State Administration for Industry and Commerce is investigating the company.

Nu Skin, which has had a presence in China for 11 years, defended itself against the allegations in the People's Daily story and said that the reporters did not verify any of the information with Nu Skin. It also released a statement saing that it is "dedicated to operating in full compliance with applicable regulations as interpreted and enforced by the government of China."


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