According to Euromonitor, in 2003 Amway was the second best-selling manufacturer of Cosmetics & Toiletries in the South Korean market, outselling global giants like Unilever and Proctor & Gamble. Market leader was Korean manufacturer Amorepacific. The top 5 was –
LG Household & Care
Proctor & Gamble
Unlilever, the only other international company in the top 1, came in at 7th. Amway Korea is globally one of Alticor’s best performing markets.
Despite the distractions of being temporarily shutdown in the state of Andhra Pradesh because of a marital dispute, Amway India has reported spectactular sales growth for 2006. Amway India sales for 2006 are reported at Rs 738 crore (US$168 million) compared to revenues of Rs 633 crore in 2005 – growth of 16.6%. This is a spectacular turnaround on the relatively flat growth of the previous few years.
Double digit growth is expected to continue for the forseeable future, with The Economic Times quoting Amway India Corporate Communications Manager Rajat Banerjee as stating –
“We will open 3-4 more distribution centres in Tier-II and Tier-III cities this year, including Faizabad, Panipat, Kota, Bikaner, Dharamsala, Srinagar, Mysore and Vellore”
Overall Alticor and Quixtar sales data for 2006 has not yet been released after Alticor made a change in their financial reporting methods.