[Update 6/28/18] Jamberry Shutting Down After Failed Merger with MNetwork

By | 2018-06-28T22:03:17+00:00 June 28th, 2018|Categories: MLM News|

Update 6/28/18

It’s official, Jamberry is in foreclosure and is shutting down. Here is the email sent out to consultants today:

Dear Consultants,

We’re so grateful to each of you for your patience during this transitional time for Jamberry. Following are some updates:

Jamberry, LLC, recently announced that we are in foreclosure, and we regret to inform you that any product, gift cards, swag, marketing or event purchases made prior to 11:59 p.m. MT on June 28, 2018, are ineligible for refund from Jamberry.

Due to the entity’s present status, Jamberry is unable to fulfill the contract with the Gaylord Resort for International Conference 2018 in Nashville, TN. To cancel your room reservation at the Gaylord Resort, you can reach them at 615-889-1000.

Additionally, as Jamberry is unable to fulfill other contracts, the 2019 Incentive Trips to Costa Rica and Thailand are cancelled.

To secure a future for you and your businesses moving forward, M.Network has agreed to purchase certain Jamberry assets, and they’ll be communicating with you soon.

Your Consultant Dashboard will have all of the most current information, including frequently asked questions (FAQs), updates, etc.

Thank you for all you’ve meant to Jamberry. We wish you success. 

Sincerely,
Jamberry, LLC

UPDATE 6/20/18

According to multiple sources within Jamberry, MNetwork’s purchase of the company has fallen through. We are hearing reports that product is no longer shipping outside of the U.S. and executives (including the CEO) are not showing up to the office. In addition, Jamberry’s social media pages have not been updated in multiple weeks. Due to Jamberry’s precarious financial state (thus the proposed MNetwork purchase), it appears that the company’s days are numbered.

About 50 Elite Jamberry consultants released a video on Tuesday in the wake of the executive team ceasing communications. They revealed that commission checks are no longer being sent out and that Jamberry has essentially ceased all day-to-day operations.

We’ll continue to update as we learn more.


In a cryptic YouTube video on Monday, Jamberry and M.Network announced a “strategic alliance” that sounds a lot like an acquisition. While MNetwork CEO Ryan Anderson and Jamberry President of Global Sales Stacy Sova stressed that this was not an entity purchase, it was announced separately that Anderson will be the global CEO over the combined company. It’s unclear how many of Jamberry’s estimated 100 support staff and executive team will be carried over in the larger organization including Elizabeth Thibaudeau, Jamberry’s CEO since 2016. Her LinkedIn profile now reads “Former CEO and Marketing Executive.”

This corporate restructure is puzzling for Jamberry who enjoys a much larger market presence and brand recognition than M.Network. It could be that Jamberry executives are looking to cash-out of their business, or believe that Ryan Anderson (a multi-level marketing industry veteran) can take the company to new heights. The upside for Anderson is much clearer—he gets an established MLM organization with over 65,000 new distributors to expand M Network’s reach.

What Does The Partnership Mean For Distributors and Employees?

In a separate video, MNetwork’s Richard O’Brien and Dave Webb (SVP Marketing & Communications) answered a series of questions from distributors. The main takeaways from the acquisition partnership are:

  • Each company can access each other’s product lines
  • Ryan Anderson will be CEO over both companies
  • There will be a new global bonus pool
  • The partnership will be finalized within 4-6 months (coincidentally the length of time that most acquisitions take to get finalized)
  • The Jamberry and M.Network offices will combine at some point to a central office in Utah
  • All of M.Network support staff will stay, but there are “interviews” occurring for 100 Jamberry support staff (read: layoffs)
  • Jamberry will be restructuring its compensation plan to match M.Network’s

M.Network launched in 2016 under the leadership of industry veteran Ryan Anderson and leverages a multi-level marketing structure to sell supplements in the form of energy drink mixes called “Stiks”. Anderson previously ran sales for MLM companies XanGo, Visi, and BeautiControl.

m.network energy stik

Jamberry started in 2010 as a multi-level marketing company selling nail wraps but recently expanded to sell a range of beauty and haircare products. They currently boast 65,000 distributors across 6 international markets.

Did M.Network Buy Jamberry?

It’s unclear what the new partnership means from a financial and legal standpoint. What we do know is that the Jamberry brand will likely be all that remains once the two corporate entities combine. If you are a member of Jamberry’s support staff, you may want to start looking for another job.

We will update this post as we gather more information.


Have a tip? Let us know at info@mlmnewsreport.com



9 Comments

  1. Disgruntled Consultant June 20, 2018 at 11:28 am - Reply

    Jamberry rejected M’s offer to purchase them after they led many to believe it was a done deal. Looks like Jamberry will be going the way of bankruptcy very soon.

  2. Joanie June 20, 2018 at 1:31 pm - Reply

    You should really mail out the order that were placed a month ago to keep your name in good graces. You are nothing without your sales reps and they are dropping like flies because you too away their incentives and now your lack of communication. Now you are also making them lose customers because you aren’t shipping products but holding on to peoples money. Get it together.

  3. FYI June 20, 2018 at 8:41 pm - Reply

    Shipping as stopped in Canada, New Zealand, and Australia. They are still shipping in the US.

  4. Consultant June 21, 2018 at 10:17 pm - Reply

    Shipping to U.K. now also stopped according to a support ticket response I had.

    Jamberry claim that Jamcon is going ahead in support tickets.

  5. FYI2 June 22, 2018 at 12:34 pm - Reply

    Commission has been paid according to some I have heard from, as of yesterday.

  6. Mary June 22, 2018 at 5:28 pm - Reply

    I have been waiting for my stylebox order since 1st June. No sign of it still and Jamberry refuses to cancel or refund so have had to raise a claim with PayPal. As a consultant here in the UK I have advised my customers not to order anything at all until further notice but I am pretty much winding down my stock and products as there has been no sign or communication from anyone at Jamberry for weeks.

    Very sad and very disappointing to be treated so badly!

  7. Sini June 27, 2018 at 12:04 pm - Reply

    I received notice (after payment was taken) that my June Stylebox order was shipping (I’m in Canada)….then received a discount code “sorry for taking so long”. Now, my July payment was taken from my credit card, but yet – I still had not received my June order! I emailed Jamberry asking where my June order is since they have taken money for July – they replied saying “we are sorry you are trying to cancel”….Ummm…I didn’t ask to cancel. I asked for my order! Why is Jamberry taking payments when they are not shipping?????

  8. Hoperose June 29, 2018 at 5:45 pm - Reply

    Ok, so is Jamberry shut down or not? The very top person right below the owners keeps posting on Facebook that this is all “fake news” as has thousands of reps. They claim M network is taking over an all is well. There is no other official news heard since yesterday.

  9. Kiana Wang July 16, 2018 at 5:20 pm - Reply

    On the Jamberry/M Network deal, Jamberry did foreclose but M Network bought basically everything and paid off many of the debts the former investors had incurred. Following that email was one from M Network’s CEO welcoming all us consultants to the company. The top priority was getting missing orders shipped out and international markets back in order. All support needs to go through M Network now or reach out to a consultant about what the current happenings are. I apologize on behalf of Jamberry for all the confusion, but I assure you things are getting back on track and better than ever! There has not been much official yet because of how much work has needed to be done to get things set right internally. Their top priority is taking care of their customers and consultants over making everyone else understand.

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