Amway Winding Down Operations In Russia
According to an Amway press release:
Earlier this week, we shared with our employees and Amway Business Owners (ABOs) that Amway’s global Board of Directors has made the decision to cease operations in Russia. This follows our announcement on March 14th, 2022, on the suspension of product imports.
This is the first time in Amway’s 63-year history that we have left a market. What makes this such a heartbreaking decision is our enduring belief in offering an economic opportunity, meant for everyone.
After exploring all possible options, we have reached a point where economic, technological, organizational, and operational circumstances have made it impossible for us to operate in Russia.
Beginning July 1, we will be thoughtfully and responsibly winding down our operations there.
We are focused on providing support to those impacted by this decision; and on treating all with openness, dignity, and respect while meeting our contractual and statutory obligations.
Amway employees and ABOs in Russia have been a part of our family for 17 years and we are endlessly grateful to them for their dedication and for inspiring us with their entrepreneurial spirit.
Amway is an entrepreneur-led health and wellness company based in Ada, Michigan. It is committed to helping people live better, healthier lives – across more than 100 markets worldwide. According to Forbes magazine, it is among the Top 50 privately held, family-owned companies in the United States.
Top-selling brands for Amway are Nutrilite™, Artistry™ and XS™ energy – all sold exclusively by entrepreneurs who are known as Amway Business Owners. Amway is the No. 1 direct selling business in the world, according to the 2021 Direct Selling News Global 10.
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