10.28.10
15. Mary Kay
Addison, TX
www.marykay.com
Beauty Sales: $2.5 billion
Key Personnel: David Holl, president and chief executive officer; Richard Rogers, executive chairman; Darrell Overcash, president, U.S. and Canada operations.
Major Products: Skin care, color, body care, sun care and fragrance marketed under the Mary Kay and TimeWise brand names.
New Products: Mary Kay Thinking of You Eau de Parfum, TimeWise Body Targeted-Action Toning Lotion, TimeWise Body Hand and Décoletté Cream Sunscreen SPF 15, Velocity Skin Care, MKMen Cooling After-Shave Gel.
Comments: Despite the fact that Mary Kay products are sold in more than 35 markets worldwide, and the global Mary Kay independent sales force exceeds 2 million, sales dipped 3% last year. But direct sellers also have their sights focused on future growth in global markets. In March, Mary Kay announced plans to expand product development and infrastructure in India, and will reportedly invest approximately $20 million over the next five years. Mary Kay entered India in 2007 and currently has 4,000 direct sellers in the country. It entered the market in Singapore in 2009.
The company produces more than 200 products in its manufacturing facilities in Dallas, Texas, and Hangzhou, China.
Over the years, the company has been involved in an array of programs in support of women, particularly educating women about domestic violence. In March, Mary Kay received the first ever “Do Good” stamp from Ladies’ Home Journal, for “making the world a better place.”
This year, in speaking with directors of women’s shelters, the company ascertained that the downturn in the U.S. economy has resulted in an increase in domestic violence. In response, The Mary Kay Foundation has awarded $3 million in grants to 150 domestic violence shelters in need nationwide.
Addison, TX
www.marykay.com
Beauty Sales: $2.5 billion
Key Personnel: David Holl, president and chief executive officer; Richard Rogers, executive chairman; Darrell Overcash, president, U.S. and Canada operations.
Major Products: Skin care, color, body care, sun care and fragrance marketed under the Mary Kay and TimeWise brand names.
New Products: Mary Kay Thinking of You Eau de Parfum, TimeWise Body Targeted-Action Toning Lotion, TimeWise Body Hand and Décoletté Cream Sunscreen SPF 15, Velocity Skin Care, MKMen Cooling After-Shave Gel.
Comments: Despite the fact that Mary Kay products are sold in more than 35 markets worldwide, and the global Mary Kay independent sales force exceeds 2 million, sales dipped 3% last year. But direct sellers also have their sights focused on future growth in global markets. In March, Mary Kay announced plans to expand product development and infrastructure in India, and will reportedly invest approximately $20 million over the next five years. Mary Kay entered India in 2007 and currently has 4,000 direct sellers in the country. It entered the market in Singapore in 2009.
The company produces more than 200 products in its manufacturing facilities in Dallas, Texas, and Hangzhou, China.
Over the years, the company has been involved in an array of programs in support of women, particularly educating women about domestic violence. In March, Mary Kay received the first ever “Do Good” stamp from Ladies’ Home Journal, for “making the world a better place.”
This year, in speaking with directors of women’s shelters, the company ascertained that the downturn in the U.S. economy has resulted in an increase in domestic violence. In response, The Mary Kay Foundation has awarded $3 million in grants to 150 domestic violence shelters in need nationwide.