London-based Avon Products, Inc. recently announced the appointment of Bill Rahn to the position of group vice president, Asia Pacific (APAC). In this role, he will oversee the entire APAC region, leading Avon’s business across five markets—China, India, Malaysia, Philippines and Taiwan. “APAC is an attractive, high-priority region with strategic importance for Avon,” said Jan Zijderveld, chief executive officer of Avon. “I am confident that Bill’s proven track record […]
Photo: Financial district in Taipei, Taiwan Sandy, Utah-based LifeVantage Corporation announced today that it has further expanded its footprint in Asia by opening for business in Taiwan. The company formally kicked off operations in Taiwan in conjunction with a successful market launch event on June 24 in Taipei. “We are excited about Taiwan’s potential and are committed to the long-term success of this market as part of […]
A new report from Mintel, one of the world’s largest market intelligence firms, provides insight into skin care shopping trends in China. According to the report, while China’s cosmeceuticals market is currently quite diversified and fragmented, it appears cosmeceutical products are resonating more and more with Chinese consumers. Mintel’s research reveals that as many as […]
Find the local direct selling association. “The national DSA will have detailed knowledge of how the market works and can inform companies which legal regulations apply,” says Katarina Molin, executive director at Seldia, the European Direct Selling Association. Hire native speakers. Someone who knows the language from the inside will help you avoid faux […]
Los Angeles, California-based Herbalife Nutrition Ltd. has reported financial results for the first quarter ended March 31, 2018. Net sales increased 7 percent over the prior year to $1.2 billion. The company exceeded first quarter net sales guidance as well as the high end of reported and adjusted diluted EPS guidance by 18 cents and […]
Grand View Research Inc., a U.S.-based market research and consulting company, released a new report stating the global organic personal-care market size is expected to reach $25.1 billion by 2025, exhibiting a 9.5 percent CAGR during the forecast period. Growing demand for organic and natural hair-care, skincare and cosmetic products is expected to augment market growth over […]
Nature’s Sunshine Products, Inc., a Lehi, Utah-based maker of nutritional and personal care products, reported its financial results for the fourth quarter and year ended December 31, 2017. For the fourth quarter, net sales increased 5.2 percent to $88.3 million; for the full year, sales increased 0.3 percent to $342.0 million. “Our fourth quarter results […]
Natural Health Trends Corp., a Rolling Hills Estates, California-based company that markets personal care, wellness and “quality of life” products under the NHT Global brand, has reported its financial results for the fourth quarter and full year ended December 31, 2017. For the fourth quarter, total revenue of $46.1 million decreased 26 percent compared to $62.3 […]
Oriflame Cosmetics, a Switzerland-based seller of beauty products, has reported financial results for the fourth quarter and full year ended December 31, 2017. For the three months ended December 31, local currency sales increased by 14 percent, slightly impacted by positive timing. Euro sales increased by 7 percent to €380.1 million (€355.1 million). The number […]
Herbalife Ltd., a Los Angeles, California-based health and wellness company, has created its first-ever “China Growth and Impact Investment Fund” to stimulate the development of its business and accelerate growth in China as well as help address challenging public-policy issues such as the rise in obesity. Funds for this new initiative were granted to Herbalife Nutrition by governments in China as part of […]
Amway, the world’s largest direct selling company, has reported sales of $8.6 billion for the year ending Dec. 31, 2017. The Ada, Michigan-based company achieved sales gain in several key markets, including South Korea, Thailand, Russia and India. Total sales in the second half of 2017 grew by 3 percent, compared to same period of the […]
USANA Health Sciences Inc., a Salt Lake City, Utah-based cellular nutrition company, has reported financial results for its fiscal fourth quarter and full-year ended December 30, 2017. For the fourth quarter of 2017, net sales were $273.1 million compared with $252.9 million in the prior-year period, or an 8.0 percent increase year-over-year. The weakening of the U.S. dollar positively impacted net […]