Monthly Archives: May 2022

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Amway: We Stand Behind our Business in India

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According to an Amway press release:
Since 1998, Amway has been providing innovative, world-class nutrition, beauty and healthy home products to the citizens of India through its network of hundreds of thousands of Amway Business Owners, who earn income representing the company.
Recently, an Enforcement Directorate action has been filed that relies on previous, old complaints and charges.
Amway is responding to this filing, and because we are in full compliance with all local and national laws in India; and are a leader in advocating for the Direct Selling Industry’s highest levels of integrity, corporate governance and consumer protections; we will continue to cooperate with authorities there to work toward a fair, legal and timely resolution to this issue.
Amway continues to operate and invest in India. Our multiple offices and shops across the country are open, and our manufacturing, sales, e-commerce and distribution services are in full operation.
We are proud of the economic opportunity we provide to our business owners in India; the corporate social responsibility programs in place there – such as Nari Shakti and Nutrilite Little Bits – and the ABO-led communities that are helping Indians live better, healthier lives.
As disappointed as we are that past issues have resurfaced, we are

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LR Group 2021 Sales Up 4% To $310 Million

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Group sales in 2021 increased by 4.0% to EUR 296.2 million (USA $ 310 Million)
EBITDA reported at the upper end of the earnings forecast at EUR 36.8 million
LR Global Holding GmbH, Europe’s leading digital social selling company in the area of high-quality health and care products, published its final, audited figures for financial year 2021 today, confirming the positive, preliminary figures for the past reporting year.
According to these figures, the LR Group was able to increase its sales (merchandise revenues) by 4.0% to EUR 296.2 million in financial year 2021 (previous year: EUR 284.9 million) and continue its growth course after an extraordinarily strong previous year. All regions contributed positively to the development of sales in 2021.
Furthermore, based on final figures, the LR Group achieved normalised EBITDA of EUR 41.6 million in financial year 2021, compared to EUR 42.5 million in the same period of the previous year.
In addition, the company improved its EBITDA reported slightly to EUR 36.8 million (previous year: EUR 36.7 million). This was at the upper end of the forecast for EBITDA reported of EUR 33 million to EUR 37 million for 2021.
“The LR Group developed successfully and further strengthened its market position in 2021.
This

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Daniel Picou CEO Vasayo: In An Era Of Change, Direct Selling May See A Comeback

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Direct Selling, according to experts, may be one of the fastest growing industries in the world, based on a legacy that began in the U.S. with companies like Avon, which initiated its first opportunity for representatives in 1886. After Avon, Stanley Home Products helped to kick off the canonical “party plan” for selling in 1930, establishing the model Tupperware entered in 1951 and Mary Kay Cosmetics joined in 1963.
But change affects us all. After peaking in 2013 at $140.1B, the global market for direct selling declined for two consecutive years, to $130.6B in 2015 and then rebounded, according to CoreSight Research. In 2017, according to Statista, global direct selling generated $189.6B in U.S. dollars, with 34 percent of this revenue now coming from wellness products.
The U.S. is the top region in the world for direct selling, but China is not far behind and may even surpass the U.S. within the next several years according to the Statista research. What does this mean for today’s independent marketers?
Remaining Challenges:
While the industry for wellness and vitality is growing and the “cut out the middleman” advantages of the direct selling model are great, it’s a sector that has a few challenges, too, such as:
Reputation issues.
Through

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