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Old 07-12-2010, 07:25 AM
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Default Avon purchased Silpada

Just received an email that said Avon purchased Silpada!
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Old 07-12-2010, 11:25 AM
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- FOXBusiness.com

an article about it

Last edited by missyroth; 07-12-2010 at 11:27 AM. Reason: to add short sentence
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Old 07-12-2010, 11:28 AM
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oh funny there's another thread going on in Avon right now.
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Old 07-12-2010, 11:44 AM
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No big deal in this merger... it's just the business of business. Silpada has been a very closely-held family business since 1997. It was only a matter of time before Bonnie, Teresa & Jerry decided that they wanted to take their hands off the wheel and start to ENJOY the rewards of their success. They've done a great job getting the company to this point and, like any successful business, have top notch corporate people in place to run the company.

Knowing Jerry's attention to detail (I used to be a top national rep at Silpada and know him personally.) and his vast knowledge of the DS business, you can bet that he has done his due diligence to make sure that this is a favorable move for the owners financially and the company as a whole.

Congrats to you Jerry, B & T... cheers on your big step toward enjoying the fruits of your labor!
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Old 07-12-2010, 12:07 PM
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I would say there are bound to be changes in the company. Nothing ever stays the same when someone buys them out, even if the same people are running it.
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Old 07-12-2010, 12:39 PM
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Very interesting! Will Bonnie, Teresa & Jerry still run the company? If not, who is going to design B&T collections every year?
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Old 07-12-2010, 12:41 PM
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I just read this on Silpada Design News: Silpada Designs News

I have several friends that are consultants with Silpada and wish them continued success with their businesses!!! Hopefully whatever this transition means will be a positive one
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Old 07-12-2010, 01:29 PM
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I'm sure it'll be a good thing for all involved. Avon is a multi billion dollar business so with them acquring Silpada, it can only be a good thing. I've been with Avon since 2003 and I love Silpada jewelry( I am a silver person). Both GREAT companies!
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Old 07-12-2010, 01:46 PM
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I think one article said that Avon purchased Silpada for $650 million. I would say that is a windfall for the previous owners! Could you imagine starting a company, building it from the ground up and making that kind of money from a sale? I say good for them! They will certainly enjoy the fruits of their labor!
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Old 07-12-2010, 04:51 PM
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I compare it to when Tupperware bought out BeautiControl Cosmetics. The companies stayed separate, but there were definitely some changes in BC, albeit good ones! Found that out from my friend who was with BC a year or so ago.
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