Oriflame

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.[1]

This article is about the consumer goods company. For other uses, see Oriflamme (disambiguation).

Oriflame Holding AG
TypePrivate
IndustryDirect selling
FoundedJanuary 1, 1967
Founders
Headquarters
Key people
Magnus Brännström (CEO)
Alexander af Jochnick (Chairman)
Products
Revenue€1.5 billion
Number of employees
6000
Websiteoriflame.com

History

Oriflame was founded on January 1, 1967, in Sweden by brothers Jonas af Jochnick and Robert af Jochnick, and their friend Bengt Hellsten.[2] The head office of Oriflame is located in Schaffhausen, Switzerland, with a registered office in Stockholm, Sweden.

Oriflame was traded on the Nasdaq Stockholm until being delisted on 17 July 2019.[3]

In August 2022, Oriflames Marcus Fogel (Senior Director of Global Digital Services) works alongside PayU CEO, Mario Shiliashki on working out a 21-day payment plan for buyers of Oriflames online products.[4]

In 2023, Oriflame signed a collaboration contract with Arnest Management LLC (Arnest) a perfume, cosmetic, and household products manufacturer out of Russia.[5] Part of the contract is that Arnest will be acquiring Cetes Cosmetics Russia.[5]

Operations

The company has approximately 6,000 employees, 1,000 products, and a turnover of over 1.3 billion Euro.[6] As of August 2020, Oriflame operates in more than 60 countries, where its beauty products are marketed by over 3 million Oriflame Brand Partners.[7]

Oriflame has two Indian manufacturing plants in Noida and Roorkee.[8][9] It also manufactures products in Russia, Poland, and China.[10]

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". investors.oriflame.com. Retrieved 28 February 2023.
  4. PYMNTS (29 August 2022). "Seamless Payments: A Thing of Beauty". www.pymnts.com. Retrieved 11 May 2023.
  5. "Oriflame Sells Russian Manufacturing Unit - Direct Selling News". www.directsellingnews.com. 28 April 2023. Retrieved 11 May 2023.
  6. "CareerCenter". www.careercenter.am. Retrieved 21 August 2022.
  7. "Oriflame: Inspired by Nature, Powered by Science". Direct Selling News. 3 August 2020. Retrieved 18 August 2020.
  8. "India among top priority markets; to grow in double digits: Oriflame". The Economic Times. Retrieved 9 January 2023.
  9. "Oriflame India acquires manufacturing facility in Uttarakhand". The Economic Times. Retrieved 9 January 2023.
  10. 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.

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