Amway

Amway Reports 2018 Sales of $8.8 Billion

Amway announced sales of $8.8 billion for the year ending December 31, 2018, a 2 percent increase over 2017 sales numbers. The company said growth was broad-based across many of its top markets including China, the U.S., Thailand and India. “Amway’s growth in sales is a result of our sharp focus on the experience Amway…

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Is Your Arbitration Clause Enforceable?

Arbitration Clause

With the start of a new year, direct selling companies might benefit from taking a new look at the arbitration clauses designed to protect them from class-action lawsuits. Why? Last week, the Ontario Court of Appeal deemed Uber’s arbitration policy to take advantage of drivers. A panel of three judges ruled on Wednesday that Uber was…

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Amway Names Anouchah Sanei New Chief R&D Officer

Anouchah Sanei

Amway announced that Anouchah Sanei has been named the company’s chief research and development officer. In her role, Sanei will be responsible for leading Amway’s global R&D organization, which includes nearly 1,000 Amway scientists, engineers and technicians throughout the more than 100 countries and territories where Amway operates. She will report to Gan Chee Eng, Amway’s…

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Amway Welcomes Milind Pant as CEO

Milind Pant

Ada, Mich.-based Amway, the world’s largest direct selling company, yesterday announced Milind Pant as its chief executive officer. Pant joins Amway from Yum! Brands where he was recently president of Pizza Hut International. He will report directly to and hold a seat on Amway’s Board of Directors effective January 2, 2019. This is a new…

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Growth of Global Hair Care Market Good News for Direct Sellers

The global hair care market is expected to reach approximately $110.70 billion in 2024. According to a new report by Zion Market Research titled “Hair Care Market by Product and by Distribution Channel: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024,” the market was valued at around $89.08 billion in 2017 and is expected to…

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Business, Political Leaders Praise Amway Co-founder Rich DeVos

Rich DeVos

Tributes continue to pour in for Rich DeVos, the Amway co-founder and direct selling legend who died last Thursday at the age of 92. The U.S. Direct Selling Association (DSA) issued a statement on his passing of DeVos, who was a DSA Hall of Fame Member, DSEF Circle of Honor Recipient and former DSA and DSEF Board…

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Rich DeVos, Amway Co-Founder, Dies at 92

Richard DeVos

Amway co-founder Richard DeVos has passed way at the age of 92. The billionaire philanthropist died at his home in Ada, Michigan, near Amway’s headquarters. According to DeVos family spokesman Nick Wasmiller, the cause of death was due to complications from an infection. DeVos and his friend Jay Van Andel got into the network marketing business…

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Your Brand Reputation: Why It Matters More Than Ever

How many of us DVR our favorite television shows because we don’t want to be bothered with ads? Or click the “x” on those pop-up screens telling us about limited-time offers? What about the ads displayed on billboards, on the sides of buses, in the subway, the grocery store and sporting events? When advertising pervades…

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Dietary Supplement Report: Market Expected to Grow at CAGR of 6.9%

According to the recently released “Global Dietary Supplements Market – Growth, Trends, and Forecast (2018-2023)” report by ResearchAndMarkets.com, the global dietary supplements market was valued at $96 billion in 2017, and it is expected to grow at a CAGR of 6.9 percent during the forecast period. The dietary supplements market is primarily driven by the paradigm shift toward…

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Australia DSA Announces 2018 Industry Awards Winners

Sydney Harbour, Australia.

Photo: Sydney Harbour, Australia. Direct Selling Australia, the country’s leading representative body for retail direct selling, recently announced the winners of the 2018 DSA Industry Awards during its 51st Annual Conference – Experience It. The awards, which were presented by Australian television personality and model Nicky Buckley, recognized the achievements of member companies transforming the lives of those…

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