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    Top Companies Report

    23. Tupperware

    ...

    07.13.10
    Orlando, FL
    800.366.3800
    www.tupperware.com
    Sales: $701 million


    Sales:
    $701 million for cosmetics. Corporate sales: $2.1 billion. Net income: $175 million for the year ended Dec. 26, 2009.

    Key Personnel:
    Rick Goings, chairman and chief executive officer; Simon Hemus, president and chief operating officer; Carl Bankovich, vice president, internal audit and enterprise risk management; David T. Halversen, group president, Tupperware North America and beauty; Rashit Ismail, senior vice president, global product marketing; Michael Poteshman, executive vice president and chief financial officer; Robert Wagner, vice president and chief technology officer

    Major Products:
    Beauty and personal care brands including Avroy Shlain, BeautiControl, Fuller Cosmetics, Armand Dupree, NaturCare, Nutrimetics, Nuvo and Swissgarde

    New Products:
    Fuller—Thalia Sodi fragrance (night version), Brizza X Chayanne Cologne, Nekara Recovery (night facial treatment), Nekara for Eyes, Nekara Outline Eye Cream and Nekara Facial Lotion. BeautiControl—Regeneration Tight Firm and Fill Dermal Filling Moisture Masque, Regeneration Overnight Retinol Recovery Eye Capsules and Serum and Skinlogics Thermal Facial Scrub; BC Spa Sculpt, BC Spa Detox and BC Color Mineral

    Comments:
    Beauty sales fell 8% to $701 million. Sales in North America slipped 16% to $392 million. The decline in sales was primarily due to a smaller sales force as the unit continued to struggle with recruiting this year.

    At the beginning of 2010, BeautiControl implemented a new sales force compensation plan that the company expects will better align the earnings opportunity for the sales force with the focus on selling through spa parties and recruiting efforts.

    Fuller Mexico benefited from a change in the market’s value chain implemented in the third quarter of 2009 as well as a modest increase in average order size that offset the slight drop in the number of sellers, according to Tupperware.
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