Neways for Sale

TOKYO, Sept 26 (Reuters) - U.S. cosmetics and health-care product retailer Neways Inc. is being auctioned in Japan for about $600-700 million, with private equity houses among the bidders, sources familiar with the process said on Tuesday.

Incorporated in 1992, Neways is a multi-layer marketing company that distributes skin-care products and nutritional formulas to 23 countries worldwide.

Neways was founded by Thomas and Leslie DeeAnn Mower. The Mowers, who divorced in July 2000, will start prison terms on Nov. 13 for tax evasion.

Neways, based in Utah County, is being sold due to "personal differences" according to a brief filed by Thomas Mower's lawyers.

 

More NEWAYS INTERNATIONAL, INC. News and Articles

• Neways Enterprises Appoints Robert S Conlee as CEO and Chairman
• Neways Awarded 2012 Consumer Products Turnaround of the Year
• Neways International Announces CEO Change
• Neways International Celebrates 25 Year Anniversary
• Neways Launches Philanthropic Program
• Neways Launches Annual Maui Marathon
• Neways Opens New Facility
• Neways Exec Honored with Executive MBA
• Neways International Receives Business of the Year Award
• Neways Exec Plays Key Roles in Herbal Industry
• Neways Wins Trade Secrets Injunction Against Former Owner
• Neways Founder Starts New Company
• Neways Wins Court Victory
• Neways Wins Trade Secret Injunction
• Ex Neways Owner Under Injunction
• Neways International Out with the old ways
• Neways International Sold
• Neways for Sale
• Neways Execs Sentenced in Federal Tax Case

 

NEWAYS INTERNATIONAL, INC. Profile

Create a Free NEWAYS INTERNATIONAL, INC. Rep Listing