BeautiControl merger
This article was originally published in The Rose Sheet
Executive Summary
Richard Heath named Tupperware senior VP-beauty and nutritional products in addition to existing responsibilities as BeautiControl CEO, Tupperware announces Oct. 18. Heath has 32 years experience in the personal care industry and has served as BeautiControl chief exec since the company was founded in 1981. Tupperware closed its purchase of the direct seller Oct. 17; approximately 17 mil. shares of BeautiControl common stock were sold at $7 per share. BeautiControl will enter the Latin American market in the first half of 2001 (1"The Rose Sheet" Sept. 18, p. 10). Chairman Jinger Heath remains in her current position