MALMÖ, Sweden--(BUSINESS WIRE)--Regulatory News:
One of the main warehouses for India, located in the vicinity of New Delhi, has been totally destroyed by fire. Gratefully, no person has been reported injured in the incident.
As a consequence, service levels in the Indian market will be affected during the fourth quarter of 2013 and the first quarter of 2014. Oriflame (STO:ORISDB) is taking actions and is confident to ensure best possible service levels to its consultants. This will render additional costs linked to freight and air shipments in the coming two quarters. The warehouse as well as the inventory are fully insured.
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Founded in 1967, Oriflame is a beauty company selling direct in more than 60 countries. Its wide portfolio of Swedish, nature-inspired, innovative beauty products is marketed through approximately 3 million independent Oriflame Consultants, generating annual sales of around €1.5 billion. Respect for people and nature underlies Oriflame’s operating principles and is reflected in its social and environmental policies. Oriflame supports numerous charities worldwide and is a Co-founder of the World Childhood Foundation. Oriflame is a Luxembourg company group with corporate offices in Luxembourg and Switzerland. Oriflame Cosmetics is listed on the Nasdaq OMX Nordic Exchange.
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