Amway

Amway’s Sales Reach $8.5 Billion in 2020 

March 5, 2021 Leave a Comment

Amway reported 2020 sales of $8.5 billion, an increase of 2% over 2019.

Company also announced eight of  its top 10 markets grew in 2020 with sales in the United States growing 10%. Amway’s top 10 markets last year were: China, United States, South Korea, Japan, Thailand, Taiwan, Malaysia, India, Russia, and Hong Kong.

In line with the global focus on health and wellness in 2020, Amway’s  nutrition products accounted for more than 50% of  sales in 2020.

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Few could have predicted the event that occurred in December 2015: Avon’s U.S. and Canada companies were split off from the main body.

Cerberus, a New York-based private investment firm paid a total of $605 million to buy Avon North America. This new unit was branded as “New Avon” and Avon’s international headquarters moved from New York to London, UK.

In 2019, Cerberus sold New Avon to LG Household & Health Care, one of Korea’s leading companies, for $125 million. Two years later in 2021, the company changed its name to “The Avon Company”.