Misplaced Pages

This article may contain improper use of non-free material. Please review their use according to the criteria and guidelines. (June 2023) (Learn how and when to remove this message)

Oriflame Holding AG is a Swedish-Swiss multinational multi-level marketing company that sells beauty and personal care products directly to consumers online through a network of independent sellers.

History

Oriflame was founded on January 1, 1967, in Sweden by brothers Jonas af Jochnick and Robert af Jochnick, and their friend Bengt Hellsten. The head office of Oriflame is located in Schaffhausen, Switzerland, with a registered office in Stockholm, Sweden.

IK Partners (Formerly Industri Kapital) acquired Oriflame through a public offering on the London Stock Exchange in October 1999. IK gradually reduced its stake, before final exit in March 2006. Oriflame was traded on the Nasdaq Stockholm until being delisted on 17 July 2019.

In 2023, Anna Malmhake succeeded Magnus Brännström as CEO & President after Brännström's 18-year tenure.

In August 2022, Oriflames Marcus Fogel (Senior Director of Global Digital Services) worked alongside PayU CEO, Mario Shiliashki to work out a 21-day payment plan for buyers of Oriflames online products.

In 2023, Oriflame signed a collaboration contract with Arnest Management LLC (Arnest) a perfume, cosmetic, and household products manufacturer from Russia. Part of the contract was that Arnest would be acquiring Cetes Cosmetics Russia.

Operations

The company has approximately 6,000 employees, 1,000 products, and a turnover of over 1.3 billion Euro. As of August 2020, Oriflame operated in more than 60 countries, where its beauty products were marketed by over 3 million Oriflame Brand Partners.

Oriflame has two Indian manufacturing plants in Noida and Roorkee. It also manufactures products in Russia, Poland, and China.

References

1. "Oriflame Cosmetics AG". www.ibm.com. Retrieved 19 October 2022.
2. "Oriflame India @ 25 A Beautiful Journey". outlookindia.com. 10 December 2020.
3. "Oriflame I Private Equity Investment I Mid Cap I IK Partners". IK Partners. Retrieved 14 October 2024.
4. "Oriflame". investors.oriflame.com. Retrieved 28 February 2023.
5. "Press releases | Oriflame".
6. PYMNTS (29 August 2022). "Seamless Payments: A Thing of Beauty". www.pymnts.com. Retrieved 11 May 2023.
7. ^ "Oriflame Sells Russian Manufacturing Unit - Direct Selling News". www.directsellingnews.com. 28 April 2023. Retrieved 11 May 2023.
8. "CareerCenter". www.careercenter.am. Retrieved 21 August 2022.
9. "Oriflame: Inspired by Nature, Powered by Science". Direct Selling News. 3 August 2020. Retrieved 18 August 2020.
10. "India among top priority markets; to grow in double digits: Oriflame". The Economic Times. Retrieved 9 January 2023.
11. "Oriflame India acquires manufacturing facility in Uttarakhand". The Economic Times. Retrieved 9 January 2023.
12. Prance-Miles, Louise (29 April 2022). "Oriflame impacted by Russia's Ukraine invasion as Poland gas supply interrupted". Global Cosmetics News. Retrieved 9 January 2023.

External links

• Official website
• [REDACTED] Media related to Oriflame at Wikimedia Commons

• Multi-level marketing companies
• Cosmetics brands
• Personal care brands
• Swedish brands
• Swedish companies established in 1967
• Retail companies established in 1967
• Companies formerly listed on Nasdaq Stockholm