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Rodan Fields

Around two years ago, the private equity company TPG bought a minority stake in the direct-selling company Rodan Fields. The valuation of the company with a whopping four billion dollars made the company founders Katie Rodan and Kathy Fields billionaires almost overnight, reported the US magazine Forbes.

Decline in sales leads to downgrade

In recent years, however, it seems to have been in crisis behind the company's pristine backdrop. According to Moody's, revenue has dropped from $ 1.6 billion in 2018 to $ 1.3 billion, which resulted in a credit rating downgrade. The rating company assumes

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