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PM-International Expects $2 Billion Turnover This Year

June 18, 2021 Leave a Comment

PM-International declared it is all set to break the $2 billion turnover mark this year. In the first five months of 2021, revenue growth was already over 60% compared to 2020.

PM-International CEO & Founder Rolf Sorg is confident, saying, “We reached our first billion in sales in 2019, 26 years after our company was founded. Two years later, the question is no longer whether we will reach the second billion in 2021, but by how much we will exceed it.”

In 2021, PM-International also continues to expand internationally. Market openings in Great Britain, Hungary, Portugal, Vietnam and China are on the agenda, as well as further expansion in Central and South America.

On June 11 and 12, 2021, PM-International presented its business figures and innovations to their distribution partners around the world during the World Management Congress (WMC). The congress was held as a unique hybrid event with 150 PM-International Top Management members on site in Luxembourg and more than 6,000 online viewers from all over the world on the company’s own TV channel PM TV.

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This Month in History

On June 9, 2017, The Body Shop’s owner L’Oreal announced it had received an offer from Natura Cosméticos to acquire The Body Shop. The proposed transaction would value The Body Shop at EUR 1.0 billion.

This acquisition was completed in September in the same year and The Body Shop joined the Natura group.

The Body Shop, the iconic brand focusing on innovative, nature-inspired products, was founded in 1976 by Anita Roddick in England. It was acquired by L’Oreal in 2006.

In 2020, The Body Shop increased its revenue by 32% within the Natura group. Its 2021 revenue increase was 9%.

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