TUP sells beauty asset to YGYI, YGYI's valuation vs SNYR'sAnother deal in the consumer healthcare sector (the beauty segment) was announced today. TUP sells a beauty asset to YGYI while SNYR recently entered the beauty market by launching 2 beauty brands, Queen Pegasus and The Per-fekt Beauty.
By the way
YGYI's Enterprise Value is more than 20 times its adjusted EBITDA while SNYR's current Enterprise Value is less than 7 times its adjusted EBITDA for 2017. Once SNYR uplists to a major exchange in 2018, its tremendous valuation gap with the peers will close because this has happened with many similar cases, including YGYI.
YGYI is a small company that uplisted from OTCBB to Nasdaq last June (see the link below) and thanks to this uplisting, its valuation came in line with the peers.
https://www.marketwired.com/press-release/youngevity-international-inc-announces-approval-listing-on-the-nasdaq-capital-market-otcqx-ygyid-2222295.htm
Tupperware unloads Beauticontrol assets to Youngevity International
Tupperware Brands (NYSE:TUP) announces that it struck a deal to sell its Beauticontrol assets to Youngevity International (NASDAQ:YGYI) for an undisclosed amount.
As part of the deal, Tupperware will earn a royalty based on future sales of the Beauticontrol product line by the existing Youngevity members.
"The agreement will allow Beauticontrol’s sales force to again be able to purchase many of the products that they and their customers love. As part of Youngevity, the Beauticontrol product line will have an even wider audience through its existing members and by joining Youngevity, the Beauticontrol sales force members will be able to enjoy a terrific direct selling earning opportunity," says Tupperware CEO Rick Goings.
"While likely to be modest in any particular year, monetizing these Beauticontrol assets is a win for Tupperware Brand’s shareholders,” he adds.