(NASDAQ: NTRI), a leading supplier of weight administration product or services, revealed today that it has actually obtained the South Coastline Diet brand from SBD Holdings Group Corp., for $15 million. Nutrisystem has actually also become part of an arrangement with the South Coastline Diet plan creator, Dr. Arthur Agatston, who will be joining the Nutrisystem Scientific research Advisory Board. The South Coastline Diet regimen plan concentrates on a well balanced, heart healthy and balanced method to fat burning and also upkeep. For additional information, visit here NutrisystemNews.com.
The South Beach Diet is a popular as well as well-respected brand with a proven track document of aiding individuals slim down through its incredibly successful books.We appearance ahead to extending the grasp of the brand and its principles through the production of a meal distribution program thats straightforward, very easy to comply with and based on a scientifically-proven plan,” stated Dawn Zier, President and Chief Executive Officer of Nutrisystem.
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FT WASHINGTON, Pa.–(BUSINESS CABLE)– Nutrisystem, Inc. will certainly remain to operate the South Coastline Diet plan brand name through July 1, 2016. During this time around as well as the remainder of 2016, Nutrisystem will make investments in product advancement, marketing as well as ecommerce for an intended re-launch of the South Beach Diet plan in 2017. (NASDAQ: NTRI) is a leader in the weight management industry, having actually assisted millions of people reduce weight during greater than 40 years. Nutrisystem plans follow nationwide standards for dietary consumption meeting targets for fat, salt, sugar, cholesterol, fiber as well as physical activity as well as consist of detailed counseling alternatives from qualified weight loss coaches, registered dietitians as well as licensed diabetic issues teachers.
Over the following year, in enhancement to proceeding to grow its core brand name, Nutrisystem will certainly begin establishing South Beach Diet plan meal programs, items, and solutions as a distinctive brand with the intent to introduce in both the direct-to-consumer and also retail channels in 2017. Agatston’s publication, “The South Coastline Diet plan, came to be a runaway bestseller and also a lot of the brands books have appeared on the New York Times bestseller list. Strategies can be personalized to certain nutritional requirements as well as choices including the Nutrisystem D program for individuals with Kind 2 diabetes or pre-diabetes. Financial estimates will certainly be fine-tuned and interacted on the Companys Q4 seminar telephone call. The Companys weight loss remedies include Nutrisystem MyWay, a structured food delivery program consisting of a digital platform NuMi by Nutrisystem, multi-day kits as well as specific items readily available at select retail outlets.The Firm lately introduced its all-new Turbo10, a clinically checked program that supplies up to a 10-pound effective weight loss and also a general reduction of five inches from the midsection, hips, upper legs, chest, as well as arms in just the first month.
About Nutrisystem, Inc.
“I couldnt picture a better place for the South Beach Diet plan to land as well as be further developed,” said South Coastline Diet founder, Dr. Agatston, a prominent cardiologist from southerly Florida, with the objective of creating a safe diet for his obese individuals to improve their health and wellness.
BTIG, LLC functioned as the Financial Advisor as well as Pepper Hamilton LLP worked as the Lawful Expert to Nutrisystem in this deal. The Companys current product offers customers one of the most meal options, consisting of greater than ONE HUNDRED foods including no synthetic chemicals or fabricated tastes. Agatston. Funding expenditures relevant to the brand name are anticipated to be approximately $2 million in 2016.
The South Coastline Diet plan was produced by Dr. More than 23 million copies of the brand names books are in print. Dr. The management group at Nutrisystem has a tested track document of renewing and leveraging strong brand names throughout http://ift.tt/19xalVD networks. “This acquisition will provide customers with extra premium quality selections as well as enable us to capture a much more considerable share of the commercialweight loss market as we additionally take advantage of our know-how in item development, marketing, ecommerce, supply chain logistics, and also retail.
SBD Holdings Team Corp
. Under the agreement, Nutrisystem will certainly obtain all registered copyrights, trademarks, and domain name names from SBD Holdings Team Corp.As a result of the above investments, the Company anticipates this transaction to be a little dilutive to revenues in 2016 as well as accretive to revenues in 2017 as it establishes brand-new South Beach Diet plan programs and also services with the intent to launch in both the direct-to-consumer and also retail networks in 2017
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