Amway Romania estimates 20% growth
- Details
- Published on Wednesday, 07 May 2008 00:00
- Written by Amway Watch
Driven by the introduction of new cosmetics products, Amway Romania reported 11% growth for the 1st Quarter of 2008.
“In March and April, growth exceeded 20 percent compared to the same months in 2007,” Amway Romania’s Branch Manager, George Popescu, told Romania's Business Standard.
Amway, one of the top 5 players in the cosmetics market in Romania, is estimating turnover of up to €38.5 mln in turnover by the end of 2008, some 20 percent higher year-on-year.
Brands Artistry and Eddie Funkhouser make up half of the company’s turnover, while Nutrilite food supplements make up a further 25 percent of its net sales. The remainder is household and cleaning products, and perfumes.
The company has some 50,000 distributors locally and plans to increase these by 15 percent by the end of this year.
source: Business Standard - New cosmetics boost Amway's business in Q1
