Nu Skin (NYSE:NUS) sets expansion into Brazil for Nov
Reuters, Monday, September 21, 1998 at 13:58
PROVO Utah, Sept 21 (Reuters) - Nu Skin Enterprises, a
direct marketer of beauty products, said it will take the first
step into the South American market and begin selling products
in Brazil Nov. 11.
"Brazil is not only the third largest direct selling market
in the world but also a very strong personal care products
market," Steve Lund, chief executive officer said in a
statement.
The company also may begin manufacturing some of its
products in Brazil, Lund added.
About 20 percent of personal care products in Brazil are
sold via direct marketing, the company said.
The company, which markets its products in Europe, the
Pacific and Asia. Japan is its biggest market. In June, the
company suffered a loss in revenues for its second quarter
because of the sinking yen. That followed with an expansion
into Scandinavia.
Copyright 1998, Reuters News Service |
