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May 06, 2015 4:08 PM ET

Personal Products

Company Overview of Amway Corporation

Company Overview

Amway Corporation manufactures and sells nutrition, beauty, and body and bath products. It offers vitamins, minerals and dietary supplements, weight management and sports nutrition products, and energy drinks; skin care products, including cleansers, toners, moisturizers, eye and lip care products, serums, masques/exfoliators, intensive treatments, and men’s products; make up products for eyes, cheeks, face, and lips, as well as makeup removers; and hair, body, and oral care products. The company also offers home care products, such as laundry products, surface cleaners, disinfectant cleaners, dish detergents, water and air treatment products, and cookware; and gift cards, fragrances, and B2...

7575 Fulton Street East

Ada, MI 49355-0001

United States

Founded in 1959

Phone:

616-787-7565

Fax:

616-787-7550

Key Executives for Amway Corporation

Chief Executive officer and President
Chief Operating Officer and Executive Vice President
Age: 46
President of Amway Greater China
Regional President of The Americas Operations
President of The Nutrilite Health Institute
Compensation as of Fiscal Year 2014.

Amway Corporation Key Developments

Amway to Open Three New Stores in Mexico in 2015

Amway plans to expand its presence in Mexico and to open three new stores in Sonora, Guerrero and Puebla, in which it will invest USD 300,000 (EUR 277,000). Amway's plan is to cover all major cities in Mexico, which it sees as one of the most important markets in Latin America, Jose Paez, head of Amway Mexico. Amway has doubled its presence in Mexico in the past three years. Currently, the company has 16 stores in Nuevo Leon, Jalisco, Mexico City, Tijuana, Chihuahua, and Leon, among others. Amway also has a distribution centre in Apodaca, Nuevo Leon, and has earmarked USD 200,000 for its modernisation and expansion.

Amway Reports Sales Results for the Year Ended December 31, 2014

Amway reported sales results for the year ended December 31, 2014. The company announced sales of $10.8 billion for the year ended December 31, 2014. The result represents a decline of eight percent from 2013, due to lower revenues in China and fluctuation in foreign currency exchange rates. While 2014 revenues are lower than 2013, the company continues to exhibit strong longterm growth.

Amway Unveils New Shade Palette from Artistry Signature Color Lipstick

Amway has unveiled new shade palette from Artistry Signature Color Lipstick. The new shade palette for Artistry Signature Color Lipstick, exclusively from Amway, was developed with renowned makeup artist Rick DiCecca. The formulas are infused with natural oils and vitamin E to hydrate and help safeguard against environmental stress. Artistry Signature Color Lipstick and Sheer Lipstick are specially formulated with a translucent base that helps the color remain true, so the color in the tube is what's seen on the lips. This lipstick softens, moisturizes, and rejuvenates the appearance of lips with a composition of natural oils that helps lock in 36% more moisture. The full-color shades won't feather or bleed and are packaged in a beautiful gold case that twists and clicks to ensure lipstick is secure. Shades include: Rich Cocoa, Nutmeg, Bellini, Terra Cotta, Crimson, Daring Red, Silk Lilac, Wild Orchid, Ballet Pink, Taffeta Rose, Havana Rose, Bougainvillea, Primrose and Velvet. The indulgent, lightweight formula leaves lips softer and more moisturized with conditioning Vitamin E to safeguard against environmental stress and the color will not feather or bleed. Plus, the elegant crescendo design and twist and click packaging, ensures color is protected in style. Sheer shades include: Clear Balm, Natural Pink, Honey, Red Kiss, Princess and Tulip Pink. The Artistry Signature Color Lipstick collection is available in the US in August, 2014. The line is sold exclusively through a network of 3 million Amway Independent Business Owners (IBO) worldwide.

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