Experiences Double or Triple-Digit Growth Rates in Canada, USA, Europe and Australia
SPRINGVILLE, Utah, February 16, 2018 – Modere (“the Company”), the first social retailer to create a safe and forward-thinking approach to overall wellness, today announced that it achieved double and triple-digit growth rates in 2017 across its largest markets around the world. Having completed the strategic acquisition of Jusuru International, as well as a comprehensive rebrand across its global markets, the Company generated record results in 2017.
Measured year-over-year, revenue growth at Modere increased 27 percent in Australia, nearly doubled across Europe, increased by six times in the U.S. and tenfold in Canada during 2017. Building on this momentum, Modere is positioned for further growth in 2018 as the Company executes its mission of continued innovation in the manufacturing and distribution of science-backed, clean-label nutritional, personal care, health and wellness and household care products.
“We are extremely proud of the significant success that we achieved in 2017 and excited by the pipeline of opportunities that we have in 2018,” said Asma Ishaq, Modere’s CEO. “As we continue on this growth trajectory, we remain-focused on continuing to set award-winning industry standards with our science-based, clean label products and delivering best in class service to our customers.”
To propel growth in its largest markets, Modere will launch several new, category-leading products in 2018 and a variety of business initiatives to assist their independent sales force. New product launches include an innovative Lean Body Sculpting System™, based on the Company’s 2017 blockbuster product, Trim, which improves muscle-to-fat body composition and a guaranteed CFU-delivering probiotic.
James Zenni, Founder, President, and Chief Executive Officer of Z Capital Group and Board Member of Modere, said, “We are extremely proud of Modere’s strong performance in 2017. We are confident that the Company is well-positioned to set the industry standard in its distribution channel and for health and wellness and personal care brands. We look forward to supporting Modere through its ambitious growth plans in the future.”
Through its acquisition of Jusuru International in January 2017, Modere obtained Liquid BioCell®, a new generation of supplemental collagen formulated with the exclusive Collagen/HA Matrix® Technology. This product has set the gold standard for the collagen and hyaluronic acid dietary supplement and skincare markets. Modere has received an influx of repeat orders and testimonials that support the effectiveness of Liquid BioCell® with visible and tangible results. Additionally, Modere’s weight management system, M3, has also significantly contributed to the company’s exponential growth. M3 has been one of Modere’s most successful launches, with more than one million pounds of weight loss achieved across customers that used the product.
Modere (www.modere.com) offers a category-leading portfolio of live clean lifestyle essentials including beauty and personal care, health and wellness, and household products that are equal parts safe, high-performing, and beautifully designed. At Modere, we create more than just products; we create meaningful experiences. We believe modern health involves live clean: pure nutrition, a clean environment, and safe ingredients across all products: consumable, topical and household. Modere brings a holistic approach to well-being, and its products reflect a commitment to excellence and innovation with tested formulas proven around the globe for 30 years. Modere is headquartered in Springville, Utah. The Company is a proud supporter of Vitamin Angels®.
About Z Capital Partners
Z Capital Group, L.L.C. and its subsidiaries (“Z Capital”) are leading alternative asset management firm with approximately $2.3 billion of regulatory assets under management. For over two decades, the Partners of Z Capital have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, automotive parts, capital equipment and general manufacturing.
Z Capital creates value for its investors by working constructively with management teams to generate investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies. The Z Capital Funds’ portfolio companies have aggregate annual revenues of approximately $1.3 billion, sell products in 57 countries, and have over 11,000 employees and an excess of 200,000 associates, directly and through joint ventures worldwide. The Z Capital investment strategy and portfolio companies are described at www.zcapgroup.net