Catch up on this week’s industry chatter with these click-worthy links:
- The Economic Times featured a key aspect of the merger of Mumbai-based consumer durable company Eureka Forbes and Lux International, the direct selling arm of Stockholm-based Electrolux. To bring top management from both companies to the table, Eureka Forbes Chairman Shapoorji Mistry formed the Forbes Lux Centre of Excellence (FLCE), an eight-member think tank aimed at bridging the two diverse company cultures.
- The USANA True Health Foundation got into the spirit of the season with its annual USANA Turkey Trot 5K, held Nov. 6 at the company’s Salt Lake City headquarters. Angie Larsen, Senior Manager of Corporate Relations for USANA, spoke to the local ABC affiliate about the event, where USANA employees donated more than 800 pounds of food to the Utah Food Bank.
- Shares in Oriflame experienced their biggest jump in more than a decade following the company’s quarterly report. The Luxembourg-based brand has reported tumultuous sales in Russia amid economic and political unrest in the region. Sales stabilized in the third quarter, rising 1 percent at local currency rates, partly due to changes in the company’s compensation plan.
- The U.K. entrepreneurial site Startups featured the results of a new study by the U.K. DSA, which found that the direct selling party model has gained popularity in recent years. Nearly 900,000 Britons attended a direct selling party in 2013, and the number of gatherings has grown by over 150 percent since 2009.
