MIAMI--(BUSINESS WIRE)--MONAT® Global (MONAT), a multinational manufacturer and distributor of premium hair care products, was awarded Direct Selling News’ BRAVO Growth Award for the highest growth of any direct selling company in the industry from fiscal year 2016 to 2017.
In addition to receiving the BRAVO Growth Award, MONAT was named number 52 on Direct Selling News’ The DSN Global 100. This list offers a unique perspective on the global impact of the direct selling industry, and 2018 marks MONAT’s first appearance on the list. According to Direct Selling News, “In its nine years, the DSN Global 100 ranking has had the privilege of calling attention to incredible growth, which represents millions of lives touched by direct selling companies. MONAT achieved astounding growth in just three years in business with its line of anti-aging hair care products.”
“It’s an honor to be recognized with The BRAVO Growth Award from Direct Selling News, as well as placement on The DSN Global 100,” said Stuart MacMillan, president of MONAT. “This win, which follows on the heels of our launch in the United Kingdom, is really a tribute to our incredible, growing team and, especially, our Market Partners and VIP customers who are passionate about our products.”
“MONAT was founded as a family-business with the goal of becoming a global company that provides superior products. When I attended the DSN Global 100 several years ago, I knew MONAT would be on the list, but even my expectations on the timing have been exceeded. In just three years, we’ve not only found MONAT on the top 100 list, but also recognized with The BRAVO Growth Award,” said Rayner Urdaneta, CEO & Co-Founder, MONAT. “Even with these honors and our exponential growth, we have never lost sight that we’re a family seeking to provide a superior product, and we want our Market Partners to know they are part of our global family and success.”
Luis Urdaneta, chairman and co-founder, added, “This incredible success and recognition is dedicated to our Independent Market Partners and creates an even bigger commitment for the future.”
In addition to direct sales, MONAT is an ardent supporter of the communities in which its Market Partners reside. As part of the company’s corporate social responsibility (CSR), it created MONAT Gratitude with a mission to generate a positive impact and inspire change in the areas of education, children, and families by working with visionary organizations that are improving the world.
About Direct Selling News
Direct Selling News magazine has been serving direct selling and network marketing executives since 2004. Each issue of DSN offers content on topics that shape the dynamics of the industry, including positive features about the companies that embody the entrepreneurial spirit, in-depth articles on advances in technology and the latest trends, as well as commentary by direct selling executives and experts discussing contemporary issues impacting business. The Global 100 ranking is based on net revenue before commissions are paid and without any value-added tax.
About MONAT Global
MONAT Global is a wholly owned subsidiary of Alcora Corp., whose holdings include L’EUDINE Global, an established Direct Selling company specializing in premium beauty and wellness products throughout the US and Latin America and B&R Products, their research, development and manufacturing Laboratory subsidiary. All three companies are headquartered in and around Miami, Florida. MONAT was founded in 2014 to enter the multi-billion dollar haircare market and provides groundbreaking opportunities through a novel Social Marketing approach to Direct Sales. The company offers a unique and exciting business model and one of the most generous compensation plans in the U.S., Canadian and U.K. and European markets.