Swedish direct selling company Oriflame, known for its skincare and wellness products, has been focusing on expanding its portfolio to wellness for the last few years. According to CEO and President Magnus Brannstrom, the company wants to position itself as a healthy lifestyle brand and focus on routine products that people use for their well-being. […]
The Beginning QNET was founded in 1998 in the aftermath of the Asian Financial Crisis, and the heels of the dotcom crash that turned many local Asian economies upside down. It was a time of turmoil in more ways than one for a group of young Asian entrepreneurs who were reeling from having just discovered […]
It was another record year for the direct selling industry, which garnered $192.9 billion (constant U.S. dollars) in estimated retail sales globally in 2018—a 1.2 percent increase over 2017—and produced 24 Billion Dollar Markets, according to research by the World Federation of Direct Selling Associations (WFDSA), its partner DSAs and direct selling companies around the […]
Herbalife Nutrition’s recently released Asia Pacific Entrepreneurship Survey 2019 revealed that seven in 10 (71%) of consumers in the region aspire to own a business. Conducted in April 2019, the study showed the desire to become an entrepreneur being the strongest among those in Indonesia (96%), the Philippines (92%), Thailand (89%) and Malaysia (86%). In addition, the majority (54%) of people in Asia Pacific believe that working on […]
Switzerland-based Oriflame Cosmetics, the direct seller of cosmetics and beauty products, announced financial results for the second quarter of 2018. Local currency sales increased by 1 percent while Euro sales decreased by 7 percent to €321.9 million (€347.6 million). The number of registered actives decreased by 1 percent to 2.8 million. “Despite facing significant currency headwinds, we are pleased to […]
Orlando, Fla.-based Tupperware Brands today reported its financial result for the second quarter of 2018. Net sales were $535.4 million, down 7 percent (4% local currency), including a 2-point impact from the 2017 closure of Beauticontrol and the combination of the NaturCare and Tupperware businesses in Japan. Emerging markets, accounting for 71 percent of sales, were down 5 […]
Douglas M. Lane, CFA, is a securities analyst with more than 20 years of experience covering companies that employ the direct selling business model. He leads a boutique equity research firm, Lane Research, focusing on those companies. His website is www.laneres.com, and he can be reached at doug@laneres.com. The six publicly traded direct selling companies […]
4Life Research, a Sandy, Utah-based immune health company, has appointed Hendrik Pelafu as the new general manager of 4Life Indonesia. In his new role, Pelafu will work closely with key leaders and distributors and oversee day-to-day operations for the market. “We are so excited to have Hendrik join the 4Life family and the Indonesia team,” […]
Orlando, Florida-based Tupperware Brands Corp. has reported operating results for the fourth quarter 2017. Net sales were $588.6 million, down 2 percent (4 percent local currency). On a comparable basis, adjusting for the impacts of the 53rd week in 2016 and the closure of BeautiControl, local currency sales were estimated to be up 3 percent. Emerging […]