Betterware de Mexico Expands to U.S. Market

Rhea-AI Summary

Betterware de Mexico, a leading consumer products company, has expanded to the U.S. market with its new brand, Betterware U.S. The company's strategic move aims to capitalize on the growing demand for innovative consumer products. Betterware's U.S. headquarters in Dallas, Texas, will serve as a hub for its operations in the country. The expansion aligns with the company's commitment to international growth and product innovation. Betterware's reputation for quality and entrepreneurship positions it well for success in the U.S. market.

Positive

• Betterware de Mexico's expansion to the U.S. market signifies a significant opportunity for the company to capitalize on new customer segments and drive sales growth.

• The strategic decision to establish Betterware U.S. headquarters in Dallas, Texas, underscores the company's focus on leveraging the city's superior distribution network and access to a talented workforce.

• The company's track record of providing innovative consumer products and fostering entrepreneurship through its direct sales model positions it as a strong contender in the U.S. market.

• Betterware's strong manufacturing relationships and commitment to product innovation, with over 250 new products planned for 2024, highlight its dedication to delivering quality and on-trend solutions to consumers.

Negative

• While the expansion into the U.S. market presents growth opportunities, it also comes with challenges such as increased competition and the need to adapt to the preferences of American consumers.

• Establishing operations in a new market like the U.S. can entail higher costs and risks associated with market penetration and brand building, which may impact the company's financial performance in the short term.

Mexico-based Consumer Products Company Poised for Major Sales Growth in New Sales

DALLAS, May 6, 2024 /PRNewswire/ -- Betterware de Mexico S.A.P.I. de C.V. (NASDAQ: BWMX), ("Betterware" or the 'Company"), has expanded to the U.S. market as Betterware U.S. The brand recognized for its dedication to creating high-quality, innovative consumer products that enhance everyday living will have its new office headquarters located in Dallas, Texas. International expansion is one of the cornerstones of Betterware's growth strategy and the U.S. launch coincides with the company's multi-year period of consistent, organic growth.

The decision to expand into the U.S. was a natural choice because of its proximity to Mexico, and an untapped customer base that already has some familiarity with the brand. The company thoughtfully chose Dallas as the home for its U.S. headquarters because of the city's superior distribution network and access to Texas' growing talent pool. Betterware's Global CEO Andres Campos believes the U.S. expansion is key to unlocking further growth.

"For more than 29 years, we've succeeded in providing value and quality in the consumer products we make, only constrained by our geographical location," said Campos. "Our industry knowledge reinforces our belief that U.S. consumers will continue to seek out well-designed products to simplify their lives.

Founded in 1995, Betterware has been the leading direct to consumer company in Mexico, focused on product innovation. In addition to its reputation for providing the ultimate 'life-hack' products, the company also creates opportunities for entrepreneurship through its direct sales model resulting in its position as the 17^th largest direct-selling company in the world according to Direct Selling News.

Betterware's strong manufacturing relationships allow the company to produce quality-tested, on-trend, and innovative consumer products, with over 250 new products slated for 2024. From kitchen to garden, at home or on-the-go, Betterware has thoughtfully crafted better-living solutions with products that make life easier. U.S. consumers can now shop a curated portfolio on www.betterware.com and have it delivered right to their door.

Notably, Dallas has always been a friendly city for entrepreneurs and home to some of the most respected direct sales organizations and Fortune 500 companies. Coinciding with the launch of Betterware's direct to consumer business, it also will expand its direct selling arm to its headquarters in Dallas as well as San Antonio and McAllen.

For more information about Betterware U.S. and its products, visit betterware.com or follow Betterware on Facebook and Instagram.

About Betterware de México, S.A.P.I. de C.V.

Founded in 1995, Betterware de Mexico is the leading direct-to-consumer company in Mexico focused on creating innovative products that solve specific needs regarding organization, practicality, space saving and hygiene within the household. Betterware's wide product portfolio includes home organization, kitchen, commuting, laundry, and cleaning, as well as other categories that include products and solutions for every corner of the household.

All products are designed by the Company and under the Betterware brand name through its various sources of product innovation. The Company's state-of-the-art infrastructure allows it to safely and timely deliver its products to every part of the country, backed by the strategic location of its national distribution center.

Supported by its asset light business model and its three strategic pillars of Product Innovation, Business Intelligence and Technology, Betterware has been able to achieve sustainable double-digit growth rates by successfully expanding its household penetration and share of wallet.

Media Contacts
Meagan Byrne
meagan@thepowergroup.com; (914) 374-2662

Chrisa Head
chrisa@thepowergroup.com; (214) 551-0832

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SOURCE Betterware U.S.

FAQ

What is the stock symbol of Betterware de Mexico?

The stock symbol of Betterware de Mexico is NASDAQ: BWMX.

Where is Betterware U.S. headquartered?

Betterware U.S. is headquartered in Dallas, Texas.

What types of products does Betterware offer?

Betterware offers a wide range of consumer products including home organization, kitchen, commuting, laundry, and cleaning solutions.

How does Betterware foster entrepreneurship?

Betterware fosters entrepreneurship through its direct sales model, providing opportunities for individuals to engage in selling its innovative products.