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Old fallen entrepreneurs never die. They just stay in shape and do more deals.
Richard "Dick" Marconi, a onetime major vitamin supplier to Herbalife International Inc., and William Parley, the acclaimed 1980s conglomerate builder, are buying health-pills marketer Body Wise International Inc. of Tustin for undisclosed terms.
The seller is Body Wise founder and Orange County arts patron Tom Tierney, who plans to remain as a director.
Tierney also is president of Tustin-based VitaTech International Inc., a vitamin maker that is set to continue supplying vitamins to Body Wise.
Marconi already was a partner and chairman of Body Wise. Parley, whose Parley Industries Inc. once owned Fruit of the Loom Ltd., becomes chief executive.
Parley lives in Chicago but spends most of his time in Orange County.
Marconi and Parley are in their 60s and are fitness buffs who've seen corporate setbacks in recent years.
In 1999, Parley stepped down...