After Amway CEO Milind Pant stated in a 2023 interview that his investment plan for India was “very bullish,” the company has announced it will spend $4 million on the construction of four Research & Development (R&D) labs across India. Collectively, the labs will encompass more than 24,000 square feet and will be located in […]
Amway announced its financial results for the full-year 2023, reporting total sales of $7.7 Billion, a 5% decline from 2022. The company attributes this decrease to the continued impact of ceasing Russian operations in 2022.
Amway Chief Executive Officer Milind Pant spoke with CNBC-TV18, a leading business news channel in India, about the company’s global outlook, and his investment plan for the Indian market.
Amway China announced its commitment to a five-year project that will upgrade the basic infrastructure and production facilities in its production base in Guangzhou.
Amway’s full year 2022 financial report showed sales of $8.1 billion, an overall decrease from 2021 sales, which totaled $8.9 billion.
Amway is the world’s top direct selling business, with more than $8 billion in total sales last year alone and over one million Amway Business Owners (ABOs) worldwide. Having expanded into multiple product categories in over 100 markets, Amway’s global impact is as deep as it is broad.
Amway’s sales in 2021 increased by 4%, marking the second consecutive year of growth, reaching $8.9 billion. This sales increase was especially present in several key markets, including Malaysia, South Korea and Mainland China.
Amway Board of Directors Co-Chairman Doug DeVos was recently awarded a Lifetime Achievement Award by the World Federation of Direct Selling Associations (WFDSA) for his legacy of service within the direct selling channel.
The Office of the Prime Minister of Japan recently honored Amway Japan with the Medal with Dark Blue Ribbon (Kon-ju hoh-sho), a recognition given to organizations or individuals who have made generous contributions for the good of the public.
To contribute to ongoing relief efforts in India, Amway has donated $500,000 to a foundation led by the U.S. Chamber of Commerce. Amway is part of a coalition of leading companies, nonprofits and associations that have come together to support the COVID-19 relief efforts in India. Amway’s donations will deliver critical medical supplies and assistance […]
Amway announced it will be restructuring its operations and laying off up to 900 of its employees who work in Buena Park, California and in Ada, Michigan, where the company’s headquarters are located. Layoffs will first be carried out through a voluntary separation plan, which will offer incentives like financial and healthcare benefits to those […]
Amway announced Ashish Khan will be the company’s new Chief Technology and Platform Officer. Khan brings with him career experience in brand technology and enterprise architecture and has firsthand knowledge of how to lead a brand through digital transformation, including consumer experience, product innovation and supply chain. This new role expands Amway’s commitment to being […]