Nu Skin ( (NUS) ) has issued an update.
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Nu Skin Enterprises announced the sale of its Mavely affiliate marketing technology platform to Later for approximately $250 million, including cash and a minority equity stake. The transaction is expected to enhance Nu Skin’s capabilities in its affiliate marketing business and provide capital for innovation and debt repayment, yielding a five-times return on investment in Mavely since 2021.
More about Nu Skin
Nu Skin Enterprises Inc. is an integrated beauty and wellness company that operates in nearly 50 markets worldwide. The company is known for its personal care, nutrition, and anti-aging products. Its Rhyz Inc. subsidiary focuses on innovation in beauty, wellness, and lifestyle categories.
YTD Price Performance: 0.0%
Average Trading Volume: 782,117
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $326.1M
For detailed information about NUS stock, go to TipRanks’ Stock Analysis page.