Oriflame Takes Number 20 Spot On Beauty Packaging's 2013 List Of World's Largest Cosmetics Firms

Oriflame landed on the 20th spot in the Beauty Packaging magazine's Top 20 Global Beauty Companies for 2013. Weakening demand in Russia, which accounts for more than 50 percent of the company's revenue, adversely affected the company's financial performance in 2013. Sales growth in other markets, however, helped offset the negative trend. Strong sales growth was reported in Africa and Turkey markets, while sales in Latin America grew 15 percent and Asia jumped more than 10 percent, driven by Indonesia, India, and Pakistan.