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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
Switzerland-based Oriflame Cosmetics, the direct seller of cosmetics and beauty products, has announced financial results for the first quarter of 2018. Local currency sales increased by 8 percent while Euro sales decreased by 2 percent to €334.1 million (€340.1 million). “2018 has started with a continued strong performance in Asia and Turkey, driven by high […]
Jonas af Jochnick, co-founder of Switzerland-based cosmetics giant Oriflame, has declined re-election and will step down from the board of directors after serving as a director since the founding of the company in 1967. “After 50 years it is time for me to leave the Board and provide room for a new generation,” said Jochnick. […]
Switzerland-based Oriflame Cosmetics, the direct seller of cosmetics and beauty products, recently announced financial results for the third quarter of 2017. Local currency sales increased by 11 percent and euro sales increased by 6 percent to €295.3 million (€278.9 million). For the three months ended September 30, 2017, Number of registered actives was stable at […]
The Indian Direct Selling Association (IDSA) recently announced its new Executive Committee at the 21st Annual General Body Meeting of the Association. Vivek Katoch, Director Corporate Affairs, Oriflame India Pvt. Ltd., was named the new Chairman of the Association. Rini Sanyal, Head, Worldwide Regulatory, Government and Industry Affairs, India, Herbalife, was elected as the new […]
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 […]
Never before has the industry seen a global environment filled with this much opportunity. More people than ever want a life that allows them to work when and where they want. Consumers are buying quality products that help them look and feel more confident. And people are increasingly seeking experiences that connect them to others […]