Chinese Direct Selling giant Tiens Group is treating more than half of its 12,000 employees to a four-day holiday in France and has booked up 140 hotels in the capital Paris as part of the package.
Tiens Chairman Li Jinyuan is leading the 6,400 strong group which includes a mass visit to the Louvre museum and they are expected to spend 13 million euros (US$15 million) in total. The 57-year-old Li Jinyuan is listed on Forbes’ billionaires list.
In China, Tiens sells its products through some 100 branch offices and chain stores of affiliate Tianshi Engineering. Outside of China, it sells products through independent distributors through subsidiary Tianshi International and majority-owned Tiens Biotech Group USA Inc.
Tiens was ranked No.15 on the DSN Global 100 list with revenues of 1.16 billion in 2014.
Tag Archive for 2014 Revenues
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Latvia MLM Industry generates 29.7 million Euro in 2014
by Ramya Chandrasekaran • • 0 Comments
Last year the total sales of Latvian direct selling association member companies grew at slower pace than in 2013 and increased by 2% to 29.7 million euros (excl. VAT). The number of people involved in direct sales in Latvia increased over 2 percent to over 43000 people.
“Last year the direct selling market experienced a slowdown of growth, but according to the last 3 years compound annual growth rate, direct selling companies experienced higher than 8% yearly average growth. It is one of the best results among the different sales channels of retailing”, says Aleksandrs ?akste, the Chairman of Latvian Direct Selling Association (LTTA).
According to A. ?akste, direct selling is not losing its attractiveness as a way of shopping, where each client can get a personal service and advice from the direct seller/consultant and is able to
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Russian Direct Selling Industry generates USD 2.73 Billion in 2014
by Ramya Chandrasekaran • • 0 Comments
Russian Direct Selling Association (RDSA) has announced the highlights of the industry in 2014 in Russia. Despite the ongoing economic crisis in Russia, which began in late 2014, member companies of the RDSA managed to sustain growth and ended the year with sales at 141.9 billion rubles (approx USD 2.73 billion).
“Last year was a difficult one, but still a success for the industry. We managed to keep the momentum of sales from 2013 when the turnover of the industry amounted to 141.5 billion Rubles, “- says the president of RDSA Tamara Shokareva.
RDSA reports an 8% increase in the number of independent distributors and customers of direct selling companies at 4.93 million people. These numbers are similar to a record high from 2009 which the number of distributors reach 4.99 million.
“In a crisis, these trends
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Italian Direct Selling Industry Revenues Increase To 1.3 Billion Euro
by Ramya Chandrasekaran • • 0 Comments
Italian Direct Selling Association Univendita closed 2014 with a turnover of associated companies amounting to 1.3 billion euro, an increase of 6.7% compared to 2013. The result continues a streak that began in 2010, the year the association was established. Since then member companies have experienced an average 30% growth.
The most dynamic segment was that of “durable household goods” with an increase of 7.3% and a market share of 66%, which also remains the most important sector of Italian direct selling. This is followed by “food and consumer goods ” (+ 5.6%) and “cosmetics and personal care” (+ 4.5%). Significant growth was seen in the sector “other goods and services” (+ 14.4%) driven by excellent results of the travel and tourism industry.
The number of professionals involved in direct selling number more more than 75,000, up 6.2% compared
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ForeverGreen Reports 229% Increase In 2014 Revenues To $58.3 Million
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation (FVRG), a leading direct marketing company and provider of health-centered products, announced today financial results for the quarter and twelve month period ended December 31, 2014.
Fourth Quarter Financial Highlights
Total revenues increased 184% to $17,796,937, compared to $6,261,517 in the fourth quarter last year.
Gross Profit for the quarter was increased to $14.2 million and Gross Profit Margins increased to 79.6%.
Operating income was $685,341 compared to $83,284 during the quarter in 2014, a 713% increase.
Net income increased to $189,460, or $0.01 EPS, versus $5,788, or $0.00 EPS, in Q42013. The company had a one-time charge of $149,520 for the loss on settlement of claim. Excluding this item, net income was $338,980, or $0.02 per basic and diluted share.
Cash position, including restricted cash increased $291,544 during the quarter to $1,169,971.
Full Year Financial