Effective March 31, 2023, Nikken will close its operations in Europe after 27 years. The wellness company will focus its business on its North American, Latin American and Japanese markets.
Since opening in Europe in 1996, independent consultants there have provided Nikken’s products and services.
President and CEO Luis Kasuga said, “We are proud to have been a part of the European economy for more than two decades, and we are grateful for the loyalty and support of the Independent Consultants throughout the years. We acknowledge the disruption this may cause and are doing our best to ensure a smooth transition for the Independent Consultants and their customers.”
The company cited the economic climate of the last three years as the primary reason behind this closure of operations. Despite the company’s maximum efforts, the increasingly high cost of manufacturing and the supply chain shortages severely impacted the bottom line.
Kasuga added, “We are grateful to have had the opportunity to serve and meet many amazing individuals over the years. The staff at Milton Keynes will remain heroes in our hearts, even as we are committed to honoring each Independent Consultant and Registered Customer with the best possible service through the last day of European operations. We are confident that our Wellness Community will continue to receive the same quality products and services through our other global operations. We are grateful for the support from the European Direct Sales Associations and our community. We wish the best future for all.”
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Disappointing news, I left Nikken Europe in 2004 as a Platinum because of an ill-thought-through compensation policy change and then a year later I was told Nikken went back to the original compensation plan. After pledging to never change the compensation plan well it was changed. That was my departure. Great products, good training, and poor policies.
Thanks for your upfront testimony on Nikkei’s interrupted compensation plan then later reinstated it??!! Just shows the political BS that was ‘handed down’ by a few then “maximum income leaders”…that’s when those ‘few’ started getting rid of certain high income Platinums that were ‘in-there-income-way’ as I was one of them…(Alan)