According to a FuXion press release:
“2015 was a historic year for FuXion.
We expanded to Central America and the Caribbean, we established our conquest of the U.S. market, we launched new products, and we organized Xpectacular international events.
In Nicaragua we consolidated our business and opened new offices, which lead to the creation of new leadership lines. We also opened new offices in Guatemala, the United States, Ecuador, Colombia, Panama, Bolivia, Chile and Peru. Additionally, Panama and Costa Rica consolidated their markets, placing themselves in a position of solid and expansive growth. Finally, we closed 2015 with the start of operations in the Dominican Republic.
Continuing with this expansive impulse, we entered the United Sates with the right foot forward as the legend of network marketing, Randy Gage, joined our Company. He and his
Tag Archive for Russia
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Youngevity Product Approved In Russia
by Ramya Chandrasekaran • • 0 Comments
Youngevity International, Inc. a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced the Ministry of Health of the Russian Federation has approved its core product line for distribution across Russia.
LLC Youngevity Russia, a wholly owned subsidiary of Youngevity, was formed on July 4, 2014 and the Company officially opened an office in Moscow in November of last year. LLC Youngevity Russia has been working since its inception, in cooperation with the Ministry of Health, to gain the necessary product approvals to properly enter the Russian market.
Initially, product approvals happened relatively quickly, but the significant amount of ingredients present in Youngevity’s core 90 for Life Product Line took longer than anticipated to gain approval. This week
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Russia Demonstrates Against the West by Burning and Bulldozing Imported Foods
by Catherine Boyle • • 0 Comments
More than 50 tons of fruit and almost 30 tons of cheese were destroyed as the country marked the anniversary of sanctions against Western food products.
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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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Struggles In Russia Affect Avon – Which Account for Up to 6% Of Sales
by Tina Williams • • 0 Comments
Russia’s currency crisis is not just Vladimir Putin’s problem, it’s also the Avon Lady’s.
BMO downgraded Avon Products on Tuesday to “underperform” from “market perform” on concerns the falling ruble will destabilize the region, seriously hurting door-to-door sales in Eastern Europe.
Russia alone accounts for 5 to 6 percent of Avon’s sales, BMO estimates. Central and Eastern Europe hold 12 to 14 percent of Avon’s sales, according to the company.
“Avon needs to raise prices significantly to offset currency weakness at a time when consumers, in the midst of a credit crunch, have less money to spend,” analyst Connie Maneaty wrote in the report.
BMO lowered its target price to $7 from $10 on the assumption that Avon will trade at 12 times its 2015 earnings estimate. Avon shares opened slightly lower Tuesday at $9.31.
“Direct selling can be an income-generating opportunity in difficult economic conditions, and as it has done in the past, Avon may step up recruiting,” Maneaty wrote. “But there are risks.”
It’s been a rough month for Avon investors. Last Thursday, it agreed to pay $135 million to settle criminal and civil charges relating to a bribery scandal in China.
Originally reported by: CNBC
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Youngevity Announces Official Grand Opening In Russia
by Nicole Dunkley • • 0 Comments
Youngevity International, Inc., a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced the grand opening of its new distribution and sales support center in Moscow, Russia.
A ribbon cutting celebratory event held on November 1, 2014 welcomed key leaders and distributors to inaugurate the opening of Youngevity’s first office in Russia.
In order to support this growing market, Youngevity’s new office will provide a central location in Moscow that is fully equipped with a sales and distribution center to handle product ordering to delivery, a large conference room to hold distributor education and training sessions, customer service desks, and a product showroom.
“We are proud to launch Youngevity’s first office in Russia and we plan to open a number of distribution points to cover the region,” said Ricardo Spilman, Director of Sales and Operations for Eastern Europe and Israel.
“Russia is one of the fastest growing billion dollar markets in the direct selling industry. The entrepreneurial spirit is amazing in Russia as we already have hundreds of new Russian distributors that attended our first training sessions and they are highly motivated to get started with their
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Qivana Opens Russia and Kazakhstan
by Ted Nuyten • • 0 Comments
Qivana recently announced that it is expanding its global operations into Russia and Kazakhstan – two of the largest and most exciting international markets in the direct sales industry. In its five year history Qivana has consistently expanded into new growth markets that exhibit the best sales potential.
Russia is one of the top 10 markets for Direct Selling and is one of the fastest growing countries in the world.
Founder & Chief Strategy Officer Justin Banner states, “Currently, we are experiencing exponential growth. We know this is due to our long-term strategy for Qivana – international markets represent a key component of our strategic plan. Nearly half of our revenue is now derived from markets outside of North America.
The CIS region is a very exciting area and has explosive growth potential. We’re really excited by the proven leadership that our new partners Doug Wead and Regina M. Noriega have brought into Qivana, with a deep history building in the CIS region.”
Founder & CEO, Derek Hall: “We know that the Russia market thrives on exciting health and wellness companies backed by solid corporate leadership and an exciting compensation plan. Qivana is the company that has all the right pieces, it