Posts Tagged ‘Oriflame’
The af Jochnick Family Offers $1.3 Billion for Oriflame
Swedish cosmetics giant Oriflame recently announced it has received an offer valuing it at $1.3 billion from the af Jochnick family that founded it back in the 1960s. By proposing a 35 percent premium over Tuesday’s closing price, the family is hoping to build on the roughly 30 percent stake it already has in Oriflame…
Read MoreOriflame Co-Founder Jonas af Jochnick Passes Away
Jonas af Jochnick, co-founder of direct selling giant Oriflame Cosmetics, died suddenly last Friday. The 81-year-old Swedish entrepreneur and businessman, who founded Stockholm-based Oriflame with his brother Robert in 1967, passed away peacefully in his sleep. He had been active in various positions in the company, and stepped down from the Company’s board in 2018.…
Read MoreQ1 Results: Mannatech Down 8%; Oriflame Down 6%
Flower Mound, Texas-based Mannatech, Incorporated (NASDAQ: MTEX) recently announced net sales of $38 million for the first quarter of 2019. The net sales represented a decrease of $3.4 million, or 8.2 percent, as compared to $41.4 million in the first quarter of 2018. Income from operations increased to $1.1 million for the first quarter 2019, from a loss of $0.9 million in the same period in…
Read MoreOriflame Achieves €1.3 Billion in Revenue for 2018
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…
Read MoreOriflame Euro Sales Down 1%, Local Currency Sales Up 4%
Oriflame (ORI-SS—Stockholm) announced financial results for the third quarter ending September 30, 2018. Euro sales decreased by 1 percent to €292.5 million. Euro sales amounted to €279.4 million in accordance with IFRS. Local currency sales increased by 4 percent. The number of registered actives was stable and amounted to 2.7 million. For the nine months…
Read MoreGrowth 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…
Read MoreSeldia to Celebrate 50th Anniversary
Seldia, the European Direct Selling Association, is celebrating its 50th anniversary this month. Established in 1968 to represent the direct selling industry in Europe, Seldia’s mission is to promote direct selling to European Union (EU) institutions and to ensure that the EU and national policy makers in Europe are aware of the industry’s benefits and advantages,…
Read MoreFrederic Widell Appointed Oriflame VP, South Asia and Managing Director, India
Switzerland-based Oriflame recently announced that it has appointed Frederic Widell as vice president and head of South Asia as well as managing director of India. Widell previously served with Oriflame for nearly 10 years. His roles included managing director for four different key Oriflame markets: Sri Lanka, Vietnam, India and Indonesia. He was also vice…
Read MoreOriflame Q2 Local Currency Sales Up 1%; Euro Sales Down 7%
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…
Read MorePublic Direct Sellers: Q1 Momentum Continues
The six publicly traded direct selling companies we follow, whose stocks are listed in the U.S., Herbalife (HLF), Medifast (MED), Nu Skin (NUS), Tupperware (TUP), USANA (USNA) and London-based Avon Products (AVP), began 2018 in much the same fashion as how they exited 2017. On balance, trends continue favorable. In aggregate, on an equal weighted…
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