A quick Google search for Arbonne Debt Free yields some of the following results:
"I did not want to risk my credibility so it was important for me to get involved with a company with longevity and a debt free company. Arbonne has had alot of expansion and I knew my credibilty would stay intact."
– L.D., Linkedin
Arbonne is a debt free company that was established in the USA in 1980. We are just now starting our global expansion into the UK and Australia.
– Businessopportunities.com (advertisement)
"Arbonne has been in business since 1980 and is debt free."
– Comment on Arbonne products at ThisNext.com
The Arbonne Difference:
Vegan line
No animal by-products or fillers
No added fragrences of dyes
Hypoallergenic
No Mineral Oil or Petrolatums
A True Green Company
Debt Free Company
Botanically Based– Modern Image Salon web site
WHY ARBONNE?
*Mercedes Benz car program
*Debt free with a low start up cost of $29
*Unlimited residual income, NO GLASS CEILING– Yahoo Answers
Ok you get the point. Arbonne reps have been saying that Arbonne is a debt free company. Now let’s look at what a recent memo from Arbonne’s CEO says about it’s debt:
"In recent weeks, I—along with CFO Mark Lehman and our financial advisors—have been meeting with our lenders to discuss constructive ways in which we can strengthen the company’s balance sheet, and thereby enhance our future financial performance…"
"To the extent that we ultimately pursue financial restructuring with our lenders, the intent is merely to convert debt to equity, namely ownership."
Interesting for sure. But then Kay Napier goes on to say the following (I’m sure making everyone involved sleep better):
"Such measures will have no impact on our day to day operations. The company has more than enough positive cash flow to continue our normal operations, and we expect there will be no disruptions to our relationships with Arbonne Independent Consultants, employees, suppliers or vendors."
Translation: Please don’t stop handing out the puppies errrr I mean using the Results Approach.
A call to Arbonne was returned but passed off to another employee who has yet to return my call.
800 million in debt doesn’t sound debt free to me. Oh well, 800 million is only an illusion. No big deal right. Just monopoly money right???? 60 days with this pre package and we will be the best company ever. Keep on believing.
gotta spend money to make money right?
Actually a wise soul builds his house with brick and not sand.
Debt is what has brought this country down. It has been this mad frenzy of,have to have it now and worry about paying for it later. It is called mismanaged funds. It doesn’t have to be like this. Many successful people never over leverage themselves.
Well said my friend. If funds were managed well all along and there was accountability, the company could proudly state (honestly) that the are debt free. Creating an illusion and making a dishonest claim causes one to question other claims as well…