Nu Skin Announces Plans To Launch In Chile

 

Nu Skin Enterprises Inc. has announced plans to strengthen its presence in Latin America with the upcoming launch of operations in Chile.

The market officially will open on Nov. 2 with a kickoff event in Santiago, Chile. The Utah-based company plans to introduce some of its leading personal-care products, followed by a selection of its Pharmanex nutritional offerings in 2016.

“Chile has become a strong direct selling market in Latin America, and we are optimistic it will be part of our continued growth in this region,” Truman Hunt, Nu Skin President and CEO, said in a statement. “We have built a healthy business in Latin America, and we look forward to introducing our scientifically advanced personal-care products to consumers in this market.”

Latin America holds considerable potential for today’s direct selling companies. Five markets in the region—Brazil, Mexico, Colombia, Peru and Argentina—are among the industry’s billion-dollar markets, and Brazil is one of the top five direct selling markets worldwide. Nu Skin currently operates in nine markets across Latin America.

About Nu Skin Enterprises, Inc.

Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. The company's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company.

The company's anti-aging products feature the ageLOC^® line of products including ageLOC^® Tru Face^® Essence Ultra firming serum, the ageLOC^® TR90^® weight management and body shaping system, ageLOC^® R² nutritional supplement, and ageLOC^® Transformation daily skin care system. A global direct selling company, Nu Skin operates in 53 markets worldwide and is traded on the New York Stock Exchange under the symbol NUS.