Nu Skin Enterprises Inc. was fined $540,000 in China for selling items illegally and making product claims it couldn’t verify, part of a government probe into alleged abuses by the direct seller of skin and hair cleansers.
Six sales employees were also fined $241,000 for unauthorized promotional activities, the Provo, Utah-based company said in a statement today, about two months after the investigation was announced by the Chinese government. The move sparked optimism that Nu Skin can now get back on track in the world’s second-largest economy, sending its stock up the most in 16 years in New York trading.
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Liza Lin, Bloomberg News via CHINA US Focus http://ift.tt/Q8kFSn
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