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China Probe Finds Issues With Nu Skin Compliance, Not Business Model

 
• By Ryan Nelson

Nu Skin’s direct-selling model in China, the legality of which some investors have questioned, was not cited in fines levied on the company totaling $540,000. Firm says it “is not aware of any other material enforcement investigations currently pending” in the country, which accounted for nearly half of Nu Skin’s fiscal 2013 fourth-quarter sales.

Nu Skin Enterprises, Inc. says its regulatory issues largely are resolved in China, where it will pay $540,000 in fines after trade officials investigated the anti-aging skin-care and nutritional product firm’s business practices in the country.

The penalties amount to the cost of continuing to do business in China, which accounted for nearly half of Nu...

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