Tag: Oriflame
Oriflame Shares Financial Results For Q1 2025
April 28, 2025
Oriflame recently announced its financial results for the first quarter of 2025. Euro sales during the quarter declined by 7% to $165.3 million, while adjusted EBITDA represented a $1.14 million loss. Adjusted net profit was $7.38 ...
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Oriflame Q3 Sales Down 19% To €130 Million
October 28, 2024
“The Board of directors of Oriflame Holding Limited, the Company and its advisers are proactively exploring options to address its capital structure and are evaluating potential recapitalisation opportunities. In connection with such efforts, the Company is ...
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Oriflame Revenue And Profit 2023 In A Free Fall
December 11, 2023
According to Oriflame: “Founded in 1967, Oriflame is a social selling beauty company with sales in more than 60 countries. Its portfolio of Swedish, nature-inspired, innovative beauty products is marketed through more than two million members, ...
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Oriflame Appoints Anna Malmhake As CEO
May 29, 2023
Oriflame today announces the appointment of Anna Malmhake as its new Chief Executive Officer and President. Anna will take over the position from Magnus Brännström, who earlier announced his decision to step down after 18 years ...
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Oriflame Announces Reduction Of Activities In Russia
March 23, 2022
According to an Oriflame press release: The continuing war along with operational and legal challenges makes it impossible for us to continue our Russian business in its current form. Therefore, we will further reduce operations in ...
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Indian High Court Sets Aside Order Restraining E-commerce Majors From Selling Amway, Oriflame
February 1, 2020
The Delhi High Court on Friday set aside a single judge”s order restraining e-commerce majors like Amazon, Flipkart and Snapdeal from selling health and beauty products of direct sellers — Amway, Modicare and Oriflame — without ...
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Oriflame Founders Make Offer To Buy Out Swedish Cosmetics Company
May 22, 2019
The founders of Oriflame have made an offer to buy out the shares in the Swedish beauty products company they do not own, valuing the company at 12.9 billion crowns (1.03 billion pounds). Oriflame’s main owner, ...
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Oriflame’s Co-Founder Jonas Af Jochnick Has Suddenly Passed Away
May 17, 2019
“It is with great sadness that we have received the tragic information that Jonas af Jochnick has passed away. As late as yesterday, he was in the office full of enthusiasm and ideas for new ...
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Vietnam Penalizes Oriflame, Unicity and Greenlife For MLM Violations
August 29, 2018
The Ministry of Industry and Trades Vietnam Competition Agency (VCA) has just announced the decision to fine three multi-level companies, including Greenlife Corporation, Stella Ivy Cosmetic Co., Ltd. (Oriflame), and Unicity Marketing Vietnam Co., Ltd. Specifically, ...
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Oriflame Sales Down 2% To €334.1 Million
May 4, 2018
Swedish beauty products company Oriflame on Friday posted lower than expected first-quarter operating profit and said its Russian sales were falling, sending its share price plunging by 16 percent. Local currency sales increased by 8%, slightly ...
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Oriflame Co-Founder Jonas Af Jochnick Steps Down
March 22, 2018
Jonas af Jochnick, co-founder of Switzerland-based cosmetics giant Oriflame, has declined re-election and will step down from the board of directors after serving as a director since the founding of the company in 1967. After 50 ...
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Oriflame CEO Magnus Brannstrom Named Chairman Of The World Federation Of Direct Selling Associations
October 9, 2017
The World Federation of Direct Selling Associations (WFDSA), a global trade organization representing more than 60 national direct selling associations, today announced Oriflame CEO and President Magnus Brännström will serve as the organization’s Chairman through October ...
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