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BRIEF-NU Skin Enterprises Determined To Exit Company's Grow Tech Segment

reuters.com · 12/29/2021 16:19
BRIEF-NU Skin Enterprises Determined To Exit Company's Grow Tech Segment

- NU Skin Enterprises Inc NUS:

  • NU SKIN ENTERPRISES INC - ON DECEMBER 22, 2021, NU SKIN ENTERPRISES, INC. DETERMINED TO EXIT COMPANY'S GROW TECH SEGMENT

  • NU SKIN ENTERPRISES INC - DECISION PRIMARILY IMPACTS INFRASTRUCTURE AND ORGANIZATION OF OUR INDOOR-GROWING BUSINESS

  • NU SKIN ENTERPRISES INC - EXPECT THAT ACTIONS TO WIND DOWN GROW TECH SEGMENT'S OPERATIONS WILL BE SUBSTANTIALLY COMPLETED BY MARCH 31, 2022

  • NU SKIN ENTERPRISES INC - IT IS POSSIBLE THAT CERTAIN CONTRACT TERMINATIONS AND LEGAL MATTERS MIGHT CONTINUE FOR ADDITIONAL TIME

  • NU SKIN ENTERPRISES INC - ESTIMATE THAT WINDING DOWN SEGMENT WILL RESULT IN PRE-TAX CHARGES OF APPROXIMATELY $52 MILLION-$60 MILLION

  • NU SKIN ENTERPRISES - ANTICIPATE SUBSTANTIALLY ALL OF NON-CASH CHARGES AND SEVERANCE AND OTHER COMPENSATION CHARGES WILL BE INCURRED IN Q4 OF 2021

Source text: [https://bit.ly/3JqQe4U]

Further company coverage: NUS


((Reuters.Briefs@thomsonreuters.com;))