Capital Growth Takes Nu Skin Stake While Selling Ford and Mohawk
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Kenneth Heebner’s Capital Growth Management LP took a position in Nu Skin Enterprises Inc., the skin-care products seller that a Chinese newspaper last month said may be a pyramid scheme, while selling stakes in Ford Motor Co. and Mohawk Industries Inc.
The Boston-based firm purchased a $129.1 million stake in Nu Skin, a direct selling company that distributes personal-care products and nutritional supplements, during the three months ended Dec. 31, according to a filing with the Securities and Exchange Commission released today.