Alticor and its companies employ more than 13,000 worldwide and offer more than 3 million people an opportunity to become entrepreneurs in more than 80 countries and territories. Over 450 products are sold through Amway and Quixtar, primarily focused on health, wellness and beauty categories, led by flagship brands Nutrilite and Artistry.
Amway
Seventy percent of Amway's affiliate markets-39 out of 55-posted sales increases last year, demonstrating that the company's growth is coming from established markets as well as newer ones.
Particularly robust sales were recorded in Asia, especially China, where Amway now sells through its some 180 retail shops, and regulatory uncertainty ended. As in the past, Asia is still Amway's largest market, accounting for about two-thirds of Amway's sales in 2007. South and East Asian markets were strong in general, with particular growth shown in Thailand, Indonesia, the Philippines and India. In Japan, sales were down slightly, but interest has been high in new premium skin care offering Artistry Creme LX, launched in December. Celebrity A-lister Sandra Bullock is the face of Creme LX, which will roll out to several markets in Asia and Europe later this year.
The largest regional gain overall was registered in Europe, where sales rose 33 percent, thanks in significant part to the buoyant newer Russian and Ukrainian markets, but also to very strong gains in much of Eastern Europe, including Poland, Slovakia, Turkey, the Czech Republic and Romania.
"We're proud to see so many of our established markets doing well and growing, and our newest markets growing at a strong, sustainable pace," said Van Andel. "That kind of balance provides an excellent base for a company like ours to take measured risks, and act from a position of financial strength."
The company also noted that currency exchanges had a posit
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| SOURCE Alticor Inc. Copyright©2008 PR Newswire. All rights reserved |