24 March 2019

Amway sees China sales growth of 6-8%, report says

Amway Inc, which earned about 40 percent of its total revenue in China last year, expects its sales to be unaffected by a recent Chinese investigation into Nu Skin Enterprises Inc and heightened scrutiny from Beijing’s commercial regulator, China Daily reported Monday. Douglas Devos, president of Amway, has estimated that his firm’s China sales, which amounted to US$4.8 billion in 2013, will surpass US$5 billion this year and grow between 6 and 8 percent, the report said. “Direct selling is not pyramids. When there’s a crackdown on pyramids, that’s great because it distinguishes legitimate direct selling from fraud,” Devos told Reuters last week.

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