LR Health & Beauty SE has reached an agreement with significant investors to realign its financing structure. This comprehensive restructuring of its 2024/2028 Bond and capital structure is expected to provide for an aggregate injection of fresh capital of $23 million and significantly reduce and restructure the company’s debt.
“With this agreement on a realignment of our financing structure, we have reached an important milestone to reposition the LR Group to make it viable for the future,” said Jörg Körfer, LR Health & Beauty SE Chief Executive Officer. “On the basis of a solid financing structure, we aim to initiate targeted strategic measures to now bring the LR Group onto a successful trajectory. The consistent digitalization of our business processes, a focused further development of our product portfolio and our expansion into new markets are to play a central role in this context. Furthermore, our strong partner community represents an important foundation for the future success of our company. Following the successful start-of-year events and the launch of an innovative new product under the LR Body Mission brand, we aim to create additional incentives for our partners’ activities in the course of the year with promising product innovations.”
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