TA Securities Holdings Bhd predicts that Amway (Malaysia) Holdings Bhd will continue to perform well despite the normalisation of sales incentives, driven by margin expansion from the strengthening of the ringgit against the US dollar (USD) and robust sales.
Amway Malaysia Q2 profit halved on higher expenses, adjustments
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Amway 2Q net profit lower at RM7 85 mil, expects strong revenue growth
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Amway aims to be more than just ‘western’. Can it get Ayurveda-loving India to buy its supplements?
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Synopsis
The pandemic has catapulted health and wellness as a hot-favourite segment for consumer-goods companies like Amway. The company is now looking to ride on the success of its biggest money-spinner, Nutrilite a nutritional supplements brand to enter the Ayurvedic segment. But will it be able to challenge the likes of Dabur, Emami, and others?
Conversations around Amway have a way of veering towards its multi-level marketing model. And, you may ask why not? Last January, Amway, the world’s largest direct-selling company, was sued once again by a former Amway Business Owner (the company’s term for a direct-seller) in California, for failing to pay the state’s mandated minimum wage. In India, however, Amway is beginning to be a part of a different conversation the one involving