Nu Skin wins concession in China
Utah's Nu Skin Enterprises plans to begin selling its line of personal-care and nutritional products door-to-door in China by November after becoming one of only two U.S. companies allowed to engage in direct selling in that country. For years, China has prohibited companies from selling products through direct-sales programs. To tap the vast Chinese market, direct-selling companies have had to open stores in the country instead of relying on a network of independent sales representatives. Provo-based Nu Skin, which entered the Chinese market in 2003, has 160 stores in mainland China. But in February, China officially lifted the ban on direct sales by giving Avon approval to begin recruiting Chinese sales associates. Since then, the U.S. cosmetics maker said it has recruited more than 100,000 salespeople in China. Nu Skin, which received its approval this week, said Friday it is wasting no time hiring a team of associates and is confident it can quickly erase Avon's five-month head start.
Related News
-
Nu Skin Celebrates Global Humanitarian Efforts with 12th Annual Force For Good Day
PROVO, Utah, June 4, 2015 -- Nu Skin Enterprises, Inc. is celebrating its annual Force for Good Day with a number of humanitarian projects focused on improving the lives of children around the world."Nu Skin's annual Force for Good Day celebration has become a tradition where our global empl... Read More...
Nu Skin Announces Launch Of Epoch Essential Oils
PROVO, Utah, March 3, 2015 -- Nu Skin Enterprises, Inc. today announced the upcoming introduction of Epoch® Essential Oils in the United States, Canada and Latin America. Nu Skin also plans to introduce essential oils in China and Europe later this year. The essential oils can be used topically or ... Read More...Nu Skin Shares Fall On China News Claims
January 18, 2014--Nu Skin's stock fell more than 40% this week after a scathing story in China's state-run People's Daily compared Nu Skin's training methods for new sales reps to "brain washing" and suggested it operates an illegal pyramid scheme. The article also said China's State Administration ... Read More...Nu Skin Receives Awards For Growth And Innovation
PROVO, Utah, Nov. 11, 2013 -- Nu Skin Enterprises today announced it has received several prestigious awards recognizing the company's business performance, management team and product innovation. The company's most recent accolades come from The Golden Bridge Awards and The Consumer World Awards. <... Read More...
