Oriflame is in the process of implementing a cost and efficiency program designed to increase profitability and secure long-term growth. This program aims to create a more lean and agile organization and is expected to provide an annual cost savings of $57 million upon completion.

Oriflame released its Interim Management Statement for the first half of 2023, ending June 30, 2023. Including in this report are the company’s Euro sales totals for the second quarter, or the three months that ended June 30, 2023, which reached $233.6 million, a 14% decline. Adjusted EBITDA during this time totaled $15.2 million with […]