Posts Tagged ‘Doug DeVos’
The China Conundrum
What will be the impact of China’s 100-day action on the direct selling channel going forward? Time will tell. When Direct Selling News released its Global 100 list of the top direct selling companies in the world in June, one country was conspicuously underrepresented. China, the second largest direct selling market, had only one company…
Read MoreAmway 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…
Read MoreAmway Welcomes Milind Pant as CEO
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…
Read MoreBusiness, Political Leaders Praise Amway Co-founder 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…
Read MoreAmway Global Entrepreneurship Report Shows Key Drivers of Entrepreneurial Spirit
Amway, the largest direct selling company in the world, has released its annual findings on the state of entrepreneurship worldwide. The 2018 Amway Global Entrepreneurship Report (AGER) was conducted by Amway in partnership with Dr. Isabell M. Welpe, a professor and the chair of strategy and organization in the School of Management at the Technical…
Read MoreAmway Reports 2017 Sales Slightly Down at $8.6 Billion
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…
Read MoreAmway: On a Mission Greater Than One Company
Managing an $8.8 billion global enterprise while being the face of a $183 billion international market is a lot of responsibility. But Amway, the world’s largest direct selling company, with headquarters in Ada, Michigan, seems comfortable with—and energized by—the challenge. AmwayFounded: 1959Headquarters: Ada, MichiganTop Executives: Co-CEOs Steve Van Andel and Doug DeVos2016 Revenue: $8.80 billionGlobal 100 Ranking: 1Products: Personal care, wellness,…
Read MoreOriflame CEO and President Magnus Brännström Named Chairman of WFDSA
The World Federation of Direct Selling Associations (WFDSA), a global trade organization representing more than 60 national direct selling associations, recently announced that Oriflame CEO and President Magnus Brännström will serve as the organization’s Chairman through October 2020. Brännström assumes the role of Chairman from Doug DeVos, President of Amway. “I am very honored and…
Read MoreFinal Quarter Plans Are Under Way
October feels like a milestone month. The frenzy of back-to-school is behind us, fall is in full swing and the holiday season is just around the corner. In business, October kicks off the final quarter of the year, giving executive teams just three more months to achieve—or perhaps exceed—the goals they set on Jan. 1.…
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