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Nu Skin Enterprises, Inc.
today issued the following statement in regards to its
China business.
“We are aware that Chinese regulators have now initiated
investigations to review issues raised by recent news reports.
The government regularly monitors all businesses in this rapidly
growing marketplace, and as is our practice, we will continue to
communicate openly with regulators to address any questions they
may have.
“As part of our ongoing commitment to comply with all applicable
Chinese regulations, we have initiated our own province-by-
province business review and will invite relevant regulators to
provide guidance. Given the substantial growth in our China
salesforce over the last year, we are also taking additional
steps to reinforce our training and education efforts. As we
work through this evolving situation and remain focused on long-
term growth, there will likely be a negative impact on China
revenue, but it is too early to know whether our previous
guidance will be affected.
“We remain committed to working cooperatively with the
government to ensure long-term, sustainable growth in this
important market. Nu Skin has an 11-year history of doing
business in China. We are dedicated to operating in full
compliance with all applicable regulations as interpreted and
enforced by the government of China.”
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