Monthly Archives: December 2023

Hot Business News Today

Ahmad Zen Achieves Triple Diamond Rank In Earn.World

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Ahmad Zen’s consistency and resilience have helped him achieve the prestigious rank of Triple Diamond at Earn.World, the fast growing company in the direct selling sector.
Ahmad, a 44-year-old seasoned network marketer who resides in the UAE but has Syrian roots, has always been hardworking and driven from an early age. Ahmad didn’t have a proper education, as he had to work since he was 11 years old to support his family in sales.
In 1997, he decided to move to the UAE in search of more opportunities and a better life. He moved to the UAE at the age of 18 and worked in the hospitality and banking sector for ten years.
The Syrian leader joined the network marketing industry in 2009 and has been in the field for 15 years. He has evolved into a motivational speaker throughout the years.
Ahmad chose network marketing because it’s an industry that can help people, poor or average, grow and achieve what they truly desire. With his experience as a motivational speaker, he discovered that many people were not comfortable with their financial conditions; therefore, he saw an opportunity to assist them so they would be able to have the life they wanted. Instead of

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Hot Business News Today

Oriflame Revenue And Profit 2023 In A Free Fall

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According to Oriflame:
“Founded in 1967, Oriflame is a social selling beauty company with sales in more than 60 countries. Its portfolio of Swedish, nature-inspired, innovative beauty products is marketed through more than two million members, generating annual sales of almost one billion Euro (2022).”
Oriflame revenue is down 17% in the first 9 months of 2023, and the last 3 months of 2023 the revenue fall is even more 26%. The company loss is €-62.2m. Im May former CEO Magnus Brännström has stepped down after 18 years in that role and has been replaced by Anna Malmhake.
According to a recent press release Oriflame revenue is in a free fall. 20% of the corporate positions will be “affected.” An other press release stated:

Oriflame launched a comprehensive cost and efficiency program to increase profitability and secure long-term growth, while at the same time ensuring continued strategic investments in product and market development.
The program aims to deliver annual cost savings of approximately €45m once fully completed and will affect around 20 percent of the number of positions in the company across all levels and geographies.

Nine months ended 30 September 2023

Euro sales decreased by 17% to €551.9m (€661.0m) and local currency sales by 11%.
The adjusted

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