According to a post at Chapter11Library.com on January 27, 2010, Arbonne is upside down by more than $500 million …
Natural Products Group, LLC filed for chapter 11 today at the United States Bankruptcy Court in Delaware. The debtor is a manufacturer and distributor of personal care products. The debtor operates through Arbonne of Irvine, CA and Levlad of Chatsworth, CA. For the 12 month period ending November 30, 2009, Arbonne had approximately $378 million in revenue. For the same period, Levlad had approximately $73 million in revenue.
According to court documents, the debtor’s consolidated balance sheet reflected assets of approximately $286 million and liabilities of approximately $804 million. (as of 11/30/2009)
The largest unsecured creditor is listed as Wilmington Trust FSB with a bank loan claim of approximately $202 million.
# Debtor Name: Natural Products Group, LLC
# Year Filed: 2010
# Jurisdiction: United States Bankruptcy Court / District of Delaware
# Asset Size: 100,000,001 to 500,000,000
# Case Number: 10-10239
Natural Products Group, LLC is the holding company for Levlad, LLC and Arbonne International, LLC.
Levlad is a leading manufacturer and marketer of branded natural and organic personal care products, under the brand names Nature’s Gate(R) and Nature’s Gate(R) Organics(R), which are sold through specialty retailers.
Arbonne, based in Irvine, California, markets its own brand of herbal and botanical personal care products through MLM (multilevel marketing).
Our sympathies are for the thousands of independent consultants for Arbonne who have counted on the company to have their best interests at heart.