brand-logo
Subscribe

Tupperware Sales Down 10% in Q1 2019

by Leave a Comment

Tupperware Brands Corporation today announced first quarter 2019 net sales of $487.3 million.

Net sales were down 10 percent (2% local currency). Emerging markets, accounting for 69 percent of sales, were down 11 percent (down 3% local currency). The emerging market operating units with the most significant local currency sales growth in the first quarter were Argentina, China, CIS and Poland, more than offset by significant decreases in Brazil, Fuller Mexico, Malaysia/Singapore, India, Indonesia and Turkey. Established market sales decreased 7% (2% local currency). The local currency sales decreases were most significant in the United States and Canada, partially offset by significant business-to-business sales in France and Switzerland.

  • Europe: Segment sales were down 4 percent (up 8% local currency)
  • Asia Pacific: Segment sales were down 9 percent (5% local currency)
  • North America: Segment sales were down 11 percent (10% local currency)
  • South America: Segment sales were down 20 percent (3% local currency)

“We delivered local currency sales and earnings per share within our expectations in the first quarter,” said Tricia Stitzel, president and chief executive officer. “Our results included sequential sales and sales force trend improvements in several of our units including France, Germany, Indonesia and Italy, and a five-percentage point sequential sales improvement overall.”

To read the full Tupperware Q1 2019 report, click here.

LG Household & Health Care to Acquire New Avon, LLC

by Leave a Comment

LG Household & Health Care, Ltd. announced it has entered into a definitive agreement with an affiliate of Cerberus Capital Management, L.P. and Avon Products, Inc. to acquire New Avon, LLC for $125 million in cash.

LG H&H will acquire the entirety of Cerberus’ majority interest and Avon Worldwide’s minority interest in Avon North America. The transaction has been approved by the LG H&H Board of Directors.

LG H&H is Korea’s leading consumer goods company, with strong market positions in all major categories, including cosmetics, personal care and home care. Korea is one of the world’s largest and most innovative beauty markets, with over $13.1 billion in sales in 2018. LG H&H currently distributes a number of its brands in the U.S., including belif and The history of Whoo.

According to LG H&H, the addition of Avon’s iconic brand, award-winning products, dedicated employee base and network of 250,000 sales representatives throughout North America will support the company’s international growth plans. Under LG H&H’s ownership, Avon North America will continue its strategy of product innovation, while strengthening its position as the leading social selling beauty company in the region. Avon North America is expected to benefit from LG H&H’s world-class R&D capabilities in cosmetics, personal care, fragrance, packaging and design.

Suk Cha, CEO of LG Household & Health Care, said, “We recognize Avon North America’s strong brand, leading market position in the region, and talented employees and Representatives. Avon North America’s innovative social selling model builds deep connections with customers and we are excited to leverage this as we continue to expand. We look forward to building on Avon North America’s success to drive customer engagement and long-term growth in this market.”

“LG H&H respects and admires our strong community of Representatives and supports our mission to empower women through economic opportunity,” said Laurie Ann Goldman, CEO of Avon North America. “We are thrilled to welcome our new partner, who shares our commitment to innovation, and our clear focus on putting customers first. We have appreciated our partnership with Cerberus over the last three years and their support as we strengthened the company and reset our path toward long-term success.”

Avon Products, Inc. Responds

London-based Avon Products, Inc. (NYSE: AVP) commented on today’s announcement of the agreement.

“We have built a strong relationship with LG H&H and know them to be a great partner,” said Jan Zijderveld, CEO of Avon Worldwide. “We believe this transaction is a testament to LG’s belief in the strength of Avon’s brand and business model, and are excited to see the progress that Avon North America makes as part of LG H&H.”

The transaction between the separate Avon North America business and LG H&H has no impact on Avon Worldwide’s current operations or strategy. The company also stated that the transaction is unrelated to Avon Worldwide’s previously announced sale of its beauty manufacturing operation in Guangzhou, China to a subsidiary of LG H&H, and the subsequent manufacturing and supply agreement, which was completed in February 2019.

Direct Selling News Honors Channel’s Top Companies in 10th Annual DSN Global 100

by Leave a Comment

In recognition of those companies offering unparalleled opportunity for individuals to start their own businesses, Direct Selling News today unveiled its 10th annual 2019 DSN Global 100, an exclusive ranking of the world’s leading direct selling companies (based on 2018 revenue).

The DSN Global 100 is a collective effort to show the impact and potential of the $189 billion direct selling channel. Unveiled online at DirectSellingNews.com and soon to be featured in the June issue of Direct Selling News magazine, this year’s Global 100 companies hail from 20 countries and represent aggregate revenue of over $75 billion.

“Each year, the DSN Global 100 event allows us to recognize the leading companies in direct selling today,” said Todd Eliason, Direct Selling News’s new Publisher and Editor in Chief. “The companies on the list represent a wide range of products and services, but they share a passion for developing a community of independent business owners who share those products and services with customers in their personal networks. It is a unique and powerful distribution channel.”

A number of takeaways from this year’s Global 100 list.

  • 21 companies achieved more than $1 billion in net sales in 2018. That’s over one-fifth of the ranking. Collectively, these 21 companies generated $55 billion for the year.
  • Mid-market companies—those between $300 million and $1 billion—are represented by 23 companies in this year’s ranking. Five companies are above $700 million, and another five above the half-billion-dollar mark.
  • 15 companies are making their first appearance on the Global 100 list, including companies from Brazil, Korea, Taiwan, Germany, Malaysia, and Sweden.

For the seventh consecutive year, Ada, Michigan-based Amway claimed the No. 1 rank, with $8.8 billion in revenue, up 2.32 percent over last year. Avon Products, Inc., Herbalife Nutrition, Infinitus and Vorwerk rounded out the top five on this year’s list.

Bravo Award Winners Front and Center

The annual event celebrating the Global 100 took place on April 24, 2018, at the Renaissance Dallas at Plano Legacy West Hotel in Plano, Texas. During the dinner and awards ceremony, DSN also presented its Bravo Awards for excellence. MyDailyChoice/HempWorx was the first of two winners of the Bravo Growth Award for their extraordinary annual sales growth of 900 percent from 2017 to 2018. Color Street took home the second Bravo Growth Award for annual sales growth 881 percent from 2017 to 2018.

Color Street was inspired by New York’s “City That Never Sleeps” nonstop energy and wildly colorful fusion of cultures. The New York City-based company offers a vast array of colors and nail art design. Las Vegas-based MyDailyChoice/HempWorx has achieved astounding growth in just two years in business. Using cloud technology to cut overhead costs and taking advantage of the ever-growing consumer interest in hemp-derived products.

Jessica Herrin, founder, CEO of Stella & Dot’s Family of Brands received the Bravo Leadership Award for her exceptional leadership qualities that have propelled her company to extraordinary new heights. Naming her company after her beloved grandmothers, Jessica had the goal of revolutionizing entrepreneurial opportunities for women by creating a modern home-based opportunity. She envisioned a new kind of company that would allow today’s busy women to achieve unparalleled success and balance through a career they were passionate about.

Expanding beyond the flagship Stella & Dot line of accessories, the Family of Brands gives women greater opportunity to create a flexible social selling business opportunity that more precisely fits their goals as an Independent Business Owner. To date, the company has paid out more than $500 million in commissions to 50,000 independent business owners in six countries.

The Bravo Lifetime Achievement Award honors an individual who not only has made on a lifetime commitment to advocating the direct selling business model, but has been shining beacon in the professional contributions they have made to the direct selling community. Taking home the award is J. Stanley Fredrick, or “Stan” to his friends. He has been actively involved in the Direct Selling Association for more than 40 years. He has served on the Mannatech Board of directors since 2001 and was elected chairman in 2009. He also serves on the Board of Directors of Wineshop at Home, a part plan company.

In recognition of his lifetime of contribution to the industry, Stan has been inducted into the Direct Selling Association’s highest honor, the Hall of Fame. He is also in the Direct Selling Education Foundation Circle of Honor.

 

DSN created the Global 100 list to acknowledge the successes of individual direct selling companies and provide a clear picture of the magnitude of the industry. In its 10th year of undertaking this project, DSN continues its commitment to create a fair ranking that will showcase a transparent channel, thus providing credibility and consumer confidence as well as research support for those seeking information on direct selling companies.

All photos by: Debi Podvalova

DSN Announces the 2019 Global 100!

by Leave a Comment

Direct Selling News tonight announced its Global 100 list of top direct selling companies in the world.

Since 2004, DSN has been dedicated to telling stories focused on relating the opportunities direct sellers provide to millions of independent business owners around the globe. In 2009, the magazine thought it fitting to further recognize the industry by compiling the Global 100 list.

The DSN Global 100 list offers a unique perspective on the global impact of the industry on economic and social realms. It provides a range of mutual learning not only for industry members but also for researchers, investors and—most important—those seeking opportunities within the industry.

We thank all the companies that willingly participated in our survey as well as our dedicated team of researchers who helped us present to you the remarkable achievements of direct sellers around the globe.

The following contains the ranking for the 2019 DSN Global 100 (based on 2018 revenues), our annual list of the top revenue-generating direct selling companies in the world. The list is published in the June issue of Direct Selling News.

2019 Rank Company 2018 Revenue
1 Amway $8.80B
2 Avon Products Inc. $5.57B
3 Herbalife $4.90B
4 Infinitus $4.50B
5 Vorwerk $4.30B
6 Natura $3.67B
7 Nu Skin $2.68B
8 Coway $2.5B
9 Tupperware $2.0B
10 Young Living $1.9B
11 Oriflame Cosmetics $1.55B
12 Rodan + Fields $1.5B
13 Jeunesse $1.46B
14 Ambit Energy $1.3B
15 DXN Marketing Sdn Bhd $1.25B
16 Pola $1.24B
17 O Boticário $1.23B
18 USANA Health Sciences $1.19B
19 Belcorp $1.16B
20 Atomy $1.15B
21 Telecom Plus $1.09B
22 Yanbal International $994M
23 Market America $837M
24 PM International $834M
25 Stream $800M
26 Team National  $734.5M
27 Amore Pacific $600M
28 Arbonne International $544M
29 Hinode $528M
30 Plexus $527M
31 OPTAVIA / Medifast, Inc. $501M
32 Miki $498M
33 Faberlic $463M
34 Scentsy $449M
35 Monat Global $435M
36 Younique $427M
37 For Days $385M
38 WorldVentures $377M
39 Cosway $368M
40 Nature’s Sunshine $365M
41 Prüvit $325M
41 Beautycounter $325M
43 4Life Research $324.9M
44 LG Household & Healthcare $304.5M
45 Family Heritage Life $294M
46 Vivint $290M
47 Noevir  $277M
48 Hy Cite Enterprises, LLC $275M
49 Pro-Partner $246M
50 Pure Romance $237M
51 Naturally Plus $236M
52 New Image Group $231M
53 proWIN International $230.2M
54 Morinda $230M
55 Menard $226.5M
55 CUTCO/Vector Marketing $226M
57 ARIIX $220M
58 SEACRET $211.5M
59 Southwestern Advantage $209M
60 LifeVantage $203M
61 Vida Divina $197M
62 KK Assuran $195M
63 Vestige Marketing $194M
64 NHT Global $192M
65 Hillary’s Blinds $185M
66 Giffarine Skyline Unity Co. $181M
67 BearCere’Ju $180M
68 Mannatech $173.5M
69 Youngevity $162M
70 Princess House $161M
71 Charle $159M
72 Diana $147M
73 Naris $137.5M
74 Maruko $130M
75 Marketing Personal $125M
76 Immunotec Research Ltd $120.5M
77 ASEA $120M
78 Color Street $119M
79 World Global Network $119M
80 Usborn Books & More $118M
81 C’BON Cosmetics $110M
82 Xyngular $109M
83 TruVision Health $106M
84 Zhulian $103M
85 Nefful $101M
86 MyDailyChoice / HempWorx $100M
87 Perfectly Posh $100M
88 Energetix $94.5M
89 ZURVITA $94M
90 Arsoa Honsha $90.5M
91 Best World Int’l Ltd $88M
92 Hai-O $87M
93 Koyo-sha $86M
94 Shinsei $79M
95 Captain Tortue $77M
96 Chandeal $72M
97 Grant E One’s $68M
98 Nikken $67.5M
99 Zinzino $67M
100 Pieroth Wein $60M
100 Medical Marijuana/Kannaway $60M

Casey Shilling Named J. Hilburn Chief Marketing Officer

by Leave a Comment

J. Hilburn announced that Casey Shilling has been named Chief Marketing Officer.

Shilling most recently served as chief marketing officer of Zoës Kitchen, a leading fast casual Mediterranean restaurant group with more than 260 locations nationwide. While at Zoës, she led the brand’s digital transformation and crafted strategic partnerships, such as Zoës-branded in-flight food with American Airlines and an exclusive partnership with Whole30™.  Prior to her time at Zoës, Shilling served as vice president of marketing and public relations at The Container Store, the nation’s leading retailer of storage and organization products

“Casey has deep experience in building lifestyle brands, which will be instrumental in telling our disruptive custom-made story,” said CEO Andy Janowski. “She is a rare combination of digital, strategy and creative. She has a keen focus on driving results and is a tremendous culture fit. I look forward to watching her grow the business alongside our strong leadership team.”

J. Hilburn’s leadership team consists of Janowski (former COO of Burberry and CEO of Smythson); Chief Operating Officer Joe Dixon (former CEO of Size Stream and SVP of Brooks Brothers); and Chief Creative Officer Simon Kneen (former EVP of design and creative director for Banana Republic).

“I’m thrilled to join J.Hilburn and this dynamic, seasoned management team during such an exciting time for the brand,” said Shilling. “Together, we plan to increase our stylist network and transform the company into an omni-channel business, increasing brand awareness to attract new customers and deepening engagement with our loyal base of clients.”

Irvin Bishop Jr. Named Young Living Executive Vice President

by Leave a Comment

Young Living Essential Oils recently announced the promotion of Irvin Bishop Jr. as executive vice president, Digital and Strategic Planning.

In his new role, Irvin will lead Young Living’s efforts to update its global digital footprint and facilitate management and strategic alignment company wide.

“Irvin is a proven leader in our company. His leadership was instrumental in ensuring a smooth shopping experience during last year’s Black Friday record-breaking traffic,” said Jared Turner, Young Living president and chief operating officer. “Irvin has played an integral role in designing a seamless online enrollment experience and implementing innovative new-member enhancements.”

Irvin, who joined Young Living in 2018 as senior vice president, Digital Strategy, has more than 20 years of expertise in digital marketing, consumer insights and technology. Since joining the company, Irvin has directed the digital automation of the company’s global promotions capability and boosted its distributor tool set and social reputation.

Prior to Young Living, Irvin was head of digital marketing IT for Coca-Cola, he led promotions for campaigns such as the FIFA World Cup, the Olympics and the Super Bowl.

“Young Living is a company that walks the talk,” Irvin said. “It’s one of the few companies that consistently demonstrates its commitment to health and wellness. I look forward to meeting—and exceeding—the challenge of our 5×5 Pledge to expand into five new markets each year and add 5 million additional members over the next five years.”

UFORIA Young Company Interview

by Leave a Comment

 

Ron Williams

ÜFORIA
Founded: November 2018
Headquarters: St. George, Utah
Top Executive: Ron Williams, Founder & CEO
Products: Customized Nutritionals
Business Model: Network Marketing
Website: UforiaScience.com

 

Is there a story behind the name ÜFORIA?

First of all, the Ü is our logo—it’s happy, playful, and confident. It has a lot to do with YOU, whether it’s your self-identity or your DNA identity. They converge in the conversation of ÜFORIA Science. I also liked the way it rolled off my tongue, producing an endorphin every time we say it!

Tell us about your ‘Why’ or your vision for starting the company

What I have learned is that it’s difficult at best to be a “me too” company and product these days. I’m not saying it’s impossible, it’s just difficult. I think people always set out with good intentions, but by default, they’re trying to distinguish themselves from their market twins. These are some antics that can come from what I call “blind nutrition.” We’ve been doing blind nutrition for eight decades now of “try this and try that” and see if it works. What’s beautiful about ÜFORIA is that it brings a very transparent conversation to the table using DNA, & plant based, scientifically-proven, peer-reviewed studied ingredients as the model. The theory being no two test results alike, therefore no two formulas alike. We can make nearly 400 million unique formulas. “One is yours.”

You have a lot of experience with a prior company in the network marketing space. What did you bring or learn from that experience that you have applied to ÜFORIA?

The whole concept of my herbs grows higher on the mountain than yours, or my ORAC value is higher than yours is silly. I learned that playing this kind of comparison game just wasn’t me. I have found the best and most sustainable product in the industry is the people. Therefore, you build the people, and they— in turn—will help build your company.

Tell us a little about the startup phase, you know, what was your biggest challenge or roadblock? How did you navigate past them?

We’re basically creating a new market right now in regards to this technology. When you have something using DNA, there’s that scientific part of it, and then there’s also the clinically proven ingredients. The body heals itself when you give the body the right raw materials. It’s our opinion that ÜTRITION is a straight line of raw materials inspired by you. “Today, the wise would ask what they’re bodies will do with this product? Not vice versa.”

Do you have a home office or are you virtually-based around the country?

Our corporate team members live around North America. Our office headquarters are in St. George, Utah and the manufacturing and labs are in Dallas, Texas.

What kind of culture are you looking to create? What are your secrets for inspiring a volunteer army?

First of all, I have observed that perhaps motivation is for the uninspired. When you’re inspired, you can’t be stopped. ÜFORIA aims to create a vision bigger than all of us so that none of us can get in the way. No egos and no entitlement. Service is always greater than salesmanship. Not everybody likes to sell, but everyone can serve. This culture brings a mentality that my best work is my next work so that we can maintain our relevance day to day. What we did in the past doesn’t define us. What we’re doing now does.

What’s your leadership style?

Well, the older I get—the less I assert myself. I really only assert myself when I need to. I believe that alignment is greater than the mechanism. I believe in objectively debating the mechanism, and then voting with my team, then we align after the vote is taken. No one is allowed to go up to the sky box and say “I told you so.” Basically, you realize you’re either in alignment, or you’re in the way. It’s an objective platform where I feel the best mechanisms are brought forward. “Alignment supersedes mechanism” is our secret sauce. “Energy doesn’t lie.”

Share with us the tools and training you have created for the field

We have an amazing app that has all the bells and whistles and the tools that not only helps our members in running a business on the go but will help them magnify their business through the analytics that are included in the app. We have replicated websites for customers because this is a very customer-driven model. We also have replicated sites for those choosing to start their own ÜFORIA business.

We also have contracted with Eric Worre to use his Network Marketing Pro training for our members. We wanted great training coming out of the gate, and there is no one better at it than Eric. We feel very blessed that we are using all the best technology, training—kind of the ‘high tech, high touch’ concept. I’m a high touch guy by design, but I also understand the wars are going to be won and lost online. And so, we’re very robust that way.

What is the direct selling channel industry doing well, and where do we need to improve?

What we are doing well is the quality—the quality of management and quality of service has gone up. What we haven’t done so well, historically, is we’ve had somewhat of a boy-band mentality, you know, balloons and pyrotechnics and lottery mentalities. They come and sing their “one hit wonders” and then they disappear. I think that process right now is being weeded out—I think the tree is shaking in our industry, I think the quality is going up as far as product services and innovation. In North America, especially, it’s a very abundant culture. I think that is happening industry-wide. I love our industry. I believe in our industry 100 percent. I respect my colleagues and their companies. In my view, there are no competitors, you look in the mirror, and your best is always more than enough!

Is Amazon a competitor?

What’s amazing about our ÜFORIA model is that it’s Amazon proof, because when a person gets their very own ÜTRITION, it has their name on the label and is printed in real time. So, nobody’s going to be selling it on Amazon. I mean, you wouldn’t buy someone else’s formula on Amazon?

Going forward, what do you know now that you didn’t know when you first started the company?

I’ll tell you what, when a 35-page DNA report shows up in someone’s inbox it’s a surreal moment because you have generations of people speaking on that 35-page report. I think we are bringing something like the cell phone to the landline or Netflix to Blockbuster. ÜFORIA Science is that next big thing in nutrition. I think it’s all about getting out of the way and to let this company be what it’s going to be, and just give it guidance only when it needs guidance. It seems to be on a real straight line right now.

What are your plans for the rest of 2019 and beyond? Can you give us a little peek into the future?

We want to be fundamentally sound and somewhat predictable, not a moving target. We want to stay consistent and capture the imagination of our customers and our industry. If you look at the marketplace, 99 percent perhaps are customers who have no opinion of company A, B or C. We feel that’s a fantastic opportunity for us to share our biotechnology, culture, and the services that we provide and always refine the model as we go.

Any last words for our audience?

In the end, ÜFORIA Science is acknowledging that we as human beings are 99 percent identical. We belong together. It’s not about our color, religion, gender, wealth or looks. If you’re human, you’re in the majority. There are no minorities. If you feel unloved, make yourself lovable. There’s still that 1 percent left over. There has never been—or never will be— someone as beautiful and as unique as you. Nothing states that more than your DNA results. It’s not just your DNA—it’s your self-identity. At ÜFORIA Science they reunite.

Direct Selling News Set to Unveil Global 100 Ranking

by Leave a Comment

Direct Selling News, the dedicated trade publication for the direct selling channel, will announce the DSN Global 100 ranking of the world’s largest direct selling companies at its Celebration event to be held tomorrow, April 24.

This is the tenth year the magazine has recognized companies that offer unparalleled opportunity for individuals to start their own businesses. DSN created the Global 100 list in 2009 to acknowledge the successes of individual direct selling companies as well as provide a clear picture of the magnitude of the $189 billion channel.

“Each year, the DSN Global 100 gives us an opportunity to recognize this powerful distribution channel,” said Todd Eliason, publisher and editor in chief of Direct Selling News. “The companies in the ranking come from all over the globe and represent millions of independent business owners who have a passion for sharing a wide range of products and services with customers.”

The annual event celebrating the Global 100 will be held at the Renaissance Dallas at Plano Legacy West Hotel. During the dinner and awards ceremony, DSN will also present its Bravo Awards for excellence, as well as the 12 honorees for the 2019 Best Places to Work in Direct Selling.

Last year, Ada, Michigan-based Amway claimed the No. 1 rank, with $8.6 billion in revenue. Avon Products, Inc, Herbalife Nutrition, Vorwerk and Infinitus rounded out the top five on list, Collectively, the 100 companies in the ranking achieved $85.2 billion for 2017.

DSN will live-tweet the ranking during the event. The complete DSN Global 100 list will be unveiled online at DirectSellingNews.com and featured in the June issue of Direct Selling News magazine.

Sarah Bjorgaard Promoted to Young Living GM, U.S. Market

by Leave a Comment

Young Living Essential Oils announced the promotion of Sarah Bjorgaard to general manager, U.S. Market.

Bjorgaard, who joined Young Living in 2018 as vice president of Beauty Essentials, has over 26 years of experience in the direct sales industry. Since joining the company, she has led the Beauty Essentials team in developing new brand direction while staking a claim as the leader in the Clean Beauty Movement. In her new role, Bjorgaard will lead all sales, marketing and operations efforts for the U.S. market.

“Since joining the company, Sarah has made a marked impact with Young Living’s entire portfolio of beauty and personal care products, including our Savvy Minerals® line,” said Jared Turner, Young Living president and chief operating officer. “She is passionate about providing quality and clean products and scalable tools to our millions of Young Living members. With a background as diverse and member-focused as Sarah’s, we are confident that she will continue to identify untapped growth markets and create new spaces in which Young Living and its members will put down roots and continue to grow.”

Prior to Young Living, Bjorgaard was vice president of global sales for a multinational corporation where she led all aspects of global field communications and social media, created and executed field incentives, developed sales tools, coached field leaders and developed new business.

“I’ve always valued nature and believed in the power of pure essential oils,” said Bjorgaard. “I also believe in the power of coaching people, helping them develop proven leadership skills. I’m excited to take my passion for people and our products and use it to fuel the growth of the U.S. market.”

Oriflame Achieves €1.3 Billion in Revenue for 2018

by Leave a Comment

Oriflame (ORI-SS—Stockholm) recently announced financial results for the full year ending December 31, 2018.

The cosmetics giant achieved €1.3 billion in revenue for 2018. Sales were up 2 percent in Latin America, 1 percent in Europe and Africa, and 7 percent in Asia and Turkey. Sales in the CIS region were down 3 percent.

“2018 was a year of stable development for the Group, but beneath the surface it was also quite turbulent, with a thoroughly altered geographical mix that placed considerable demands on our organizational flexibility but also shows the strength of our business model” said Magnus Brännström.

The company added that the key global trends influencing Oriflame for the year were purposeful brands, total beauty, the You economy, lifelong learning and the socialization of beauty.

To view the full Oriflame online report, click here.

Mary Kay Inc. Recognized by Forbes As One of America’s Best Midsize Employers 2019

by Leave a Comment

Mary Kay Inc. recently announced that it has been recognized by Forbes as one of America’s Best Midsize Employers 2019. 

 

Mary Kay is ranked number 97 of the 500 companies on the list.

 

“More than 55 years ago, our founder, Mary Kay Ash, began her dream company on a very solid foundation: the Golden Rule,” said Melinda Foster Sellers, chief people officer at Mary Kay. “Mary Kay Ash believed that treating each other with mutual kindness and respect is not only required, but naturally leads to a strong, fair and healthy working environment. Our employees demonstrate this in their work around the world each day.”

 

In collaboration with analytics firm Statista, Forbes selected America’s best employers based on an independent survey from a vast sample of more than 50,000 U.S. employees working for companies employing at least 1,000 people in their U.S. operations. The surveys were administered in a series of online panels and provide a representative sample of the U.S. workforce. Employees were asked 35 questions about work related topics such as working conditions, salary, potential for development and company image. The rate of agreement/disagreement regarding the statements was measured on a 5-point Likert scale.

 

“We’re so proud to be recognized by Forbes as one of America’s Best Midsize Employers 2019,” added Sellers. “Our corporate culture is built around recognition, work-life balance and corporate stewardship. As Mary Kay used to say: ‘when everybody is motivated to serve others, everyone benefits.”

Kannaway Revenue Up 200% for 2018

by Leave a Comment

Medical Marijuana, Inc. (OTC: MJNA) subsidiary Kannaway® experienced significant growth with 2018 revenue of $46.8 million, an increase of nearly 200 percent over 2017.

 

MJNA, the first publicly traded cannabis company in the U.S., announced the Kannaway results as well as the company financial results for the quarter and year ending Dec. 31, 2018.

 

The company continued to show strong growth throughout the year, as 2018 net revenues increased to $59.8 million, an increase of more than 125 percent over 2017. Quarterly revenue for Q4 2018 grew to nearly $17.7 million, an increase of more than 87 percent over Q4 2017.

 

“It’s predicted that the CBD market could be worth $22 billion by 2022,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We’re excited that, in addition to this great industry progress, we’ve experienced our own tremendous growth in 2018 and the company is positioned well for continued explosive expansion.”

 

COO Blake Schroeder added, “The company and its subsidiaries have worked very hard to further international access to CBD last year and we’re optimistic that its expansion into Europe and Latin America has positioned the company to accomplish significant revenue milestones in 2019. We hope that this will continue to provide our shareholders with an optimistic forecast for our future success.”