Quixtar sales dropped in 2005 for the first time since 1999, now Amway India heading down same path…
The growth of Amway India has staganated, almost unwavering in the last three years.
The managing director and CEO of Amway, William Pinckney, while talking to Business Standard on Monday, said, "The turnover in India has remained more or less same during the last two years. This was a consolidation period for us as the volume was almost the same."
For the first time, since its inception, Amway’s annual turnover nose dived during the last financial year. Amway, which has September to August financial year, ended year 2004-05 in August 2005 with Rs 633 crore turnover as against Rs 636 crore in 2003-04.
