|
Amway
Amway (short for "American Way") is an American multi-level marketing (MLM) company that sells health, beauty, and home care products. The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. Amway and its sister companies under Alticor reported sales of $8.4 billion in 2019. It conducts business through a number of affiliated companies in more than a hundred countries and territories. Amway has been investigated in various countries and by institutions such as the Federal Trade Commission (FTC) for alleged pyramid scheme practices. It has never been found guilty, though it has paid tens of millions of dollars to settle these suits. History Founding Jay Van Andel and Richard DeVos had been friends since school days and business partners in various endeavors, including a hamburger stand, an air charter service, and a sailing business. In 1949, they were introduced to the Nutrilite Products Corporation by Van Andel's second cousin Neil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amway Japan Head Office
Amway (short for "American Way") is an American multi-level marketing (MLM) company that sells health, beauty, and home care products. The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. Amway and its sister companies under Alticor reported sales of $8.4 billion in 2019. It conducts business through a number of affiliated companies in more than a hundred countries and territories. Amway has been investigated in various countries and by institutions such as the Federal Trade Commission (FTC) for alleged pyramid scheme practices. It has never been found guilty, though it has paid tens of millions of dollars to settle these suits. History Founding Jay Van Andel and Richard DeVos had been friends since school days and business partners in various endeavors, including a hamburger stand, an air charter service, and a sailing business. In 1949, they were introduced to the Nutrilite Products Corporation by Van Andel's second cousin Neil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alticor
Alticor is a privately owned American corporation which is run by the DeVos family and the Van Andel family. It was established in 1999 to serve as the parent company for a handful of business ventures, most notably the multi-level marketing company Amway and Amway Global, and a manufacturing and distribution company, Access Business Group. In 2006, Alticor purchased cosmetics maker Gurwitch Products from Neiman Marcus Group Inc., and operated it as a wholly owned subsidiary until Gurwitch was acquired by Shiseido in 2016. Alticor Corporate Enterprises Founded in 1956, Alticor Corporate Enterprises is a subsidiary holding corporation of Alticor's non-direct selling companies: Amway Hotel Corporation, Gurwitch Products, Interleukin Genetics, Metagenics and Fulton Innovation. Pyxis Innovations Inc., formed in 2000, purchase ownership in Interleukin Genetics and is a wholly owned subsidiary of Alticor Inc. AHC+Hospitality AHC+Hospitality, formerly Amway Hotel Corporation, is th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jay Van Andel
Jay Van Andel (June 3, 1924 – December 7, 2004) was an American billionaire businessman, best known as co-founder of the Amway Corporation, along with Richard DeVos. He also served as chairman of the U.S. Chamber of Commerce from 1979 to 1980 Early life Jay Van Andel was born on June 3, 1924 to James and Petronilla (Van der Woude) Van Andel in Grand Rapids, Michigan. His grandparents, Christian and Elizabeth had immigrated to America from the Netherlands in 1909. Van Andel's parents were devout Christians and were members of the Christian Reformed Church. Jay credits his Christian background as being foundational for the rest of his life as a Christian. He once wrote, "Christianity "involved the living out of Biblical values of honesty, generosity, and respect for others in our everyday life." Jay attended Grand Rapids Christian High School. Later, Van Andel attended Calvin College and Pratt Business School in Kansas. When World War 2 broke out, Jay served as a United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Doug DeVos
Doug DeVos (born October 6, 1964) is an American businessman and sailor. He is co-chairman (with Steve Van Andel) of Amway, which was co-founded by their fathers. DeVos is the chairman of the executive committee of the National Constitutional Center. Early life DeVos is the youngest son of Helen June (Van Wesep) and Amway co-founder Rich DeVos, who, with Steve Van Andel's father Jay Van Andel, started Amway in Ada, Michigan, in 1959. DeVos earned a degree from Purdue University, and played quarterback there. DeVos started at Amway early in his working career, and took on various responsibilities and roles before being named president in 2002. Amway DeVos was president of Amway from 2002 to 2018 and co-CEO with Steve Van Andel in what was called the office of the chief executive until the end of 2018. The current CEO is Milind Pant /sup>. In 2018, US Commerce Secretary Wilbur Ross appointed DeVos as a member of the US-India CEO Forum. Direct selling industry From 2014 to 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multi-level Marketing
Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. In multi-level marketing, the compensation plan usually pays out to participants from two potential revenue streams. The first is based on a sales commission from directly selling the product or service; the second is paid out from commissions based upon the wholesale purchases made by other sellers whom the participant has recruited to also sell product. In the organizational hierarchy of MLM companies, recruited participants (as well as those whom the recruit recruits) are referred to as one's ''downline'' distributors. MLM salespeople are, therefore, expected to sell products directly to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard DeVos
Richard Marvin DeVos Sr. (March 4, 1926 – September 6, 2018) was an American billionaire businessman, co-founder of Amway with Jay Van Andel (company restructured as Alticor in 2000), and owner of the Orlando Magic basketball team. In 2012, ''Forbes'' magazine listed him as the 60th wealthiest person in the United States, and the 205th richest in the world, with an estimated net worth of $5.1 billion. Early life DeVos was born in Grand Rapids, Michigan, the son of Ethel Ruth (Dekker) and Simon Cornelius DeVos, Dutch Americans who worked in the electrical business. He was educated at Grand Rapids Christian School, and at Calvin College, and was a member of the Sigma Phi Epsilon fraternity. He served in the military in World War II in the United States Army Air Corps. Career Amway DeVos and his school friend Jay Van Andel founded Amway in 1959 as a multi-level marketing business to distribute cleaning products, following the business model they had observed in a previo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rich DeVos
Richard Marvin DeVos Sr. (March 4, 1926 – September 6, 2018) was an American billionaire businessman, co-founder of Amway with Jay Van Andel (company restructured as Alticor in 2000), and owner of the Orlando Magic basketball team. In 2012, ''Forbes'' magazine listed him as the 60th wealthiest person in the United States, and the 205th richest in the world, with an estimated net worth of $5.1 billion. Early life DeVos was born in Grand Rapids, Michigan, the son of Ethel Ruth (Dekker) and Simon Cornelius DeVos, Dutch Americans who worked in the electrical business. He was educated at Grand Rapids Christian School, and at Calvin College, and was a member of the Sigma Phi Epsilon fraternity. He served in the military in World War II in the United States Army Air Corps. Career Amway DeVos and his school friend Jay Van Andel founded Amway in 1959 as a multi-level marketing business to distribute cleaning products, following the business model they had observed in a previous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Artistry (cosmetics)
Artistry is a brand of skin care and cosmetic products, owned by Amway headquartered in Ada, Michigan, and sold through Amway Business Owners in more than 50 countries and territories worldwide. Background Edith Rehnborg, wife of Nutrilite founder Carl Rehnborg, founded Edith Rehnborg Cosmetics in 1968, which later became Artistry. In 1972, Nutrilite merged with Amway thereby giving Amway the controlling interest of the Artistry brand. The brand expanded internationally to Australia, Hong Kong, Malaysia, France, the Netherlands, United Kingdom and West Germany. In 1980, Artistry products were manufactured at Nutrilite in California and by 1995 they were also produced at the Amway China facility. Over the years, Artistry expanded their product portfolio. As of 2000, the Artistry range included over 400 products. Partnerships In May 2007, Artistry Cosmetics were the official skin care and cosmetics sponsor for Skate Canada events and the Skate Canada national team. In 2008, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nutrilite
Nutrilite is a brand of mineral, vitamin, and dietary supplements developed in 1934 by Carl F. Rehnborg. Nutrilite products are currently manufactured by Access Business Group, a subsidiary of Alticor whose products are sold via Amway worldwide. The Nutrilite brand is known as Nutriway in Denmark, Finland, Norway, Sweden, Turkey, Australia and New Zealand. History Carl F. Rehnborg developed his vitamin products in the 1930s. His time in China between the end of 1915 and 1927 exposed him to experiences which lead him to realize the impact vitamins and nutrients have on general health. He began selling his vitamins as the California Vitamin company. In 1939 the company was renamed Nutrilite. In 1945, Rehnborg invented the multi-level marketing selling system to distribute his vitamins. Also in 1945 Lee S. Mytinger and William S. Casselberry became exclusive national distributors and operated a company to distribute the vitamins. The founders of Amway, Jay Van Andel and Richard De ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ada, Michigan
Ada Township ( ) is a civil township of Kent County in the U.S. state of Michigan. The population was 14,388 at the 2020 census. The majority of the township is included in the Forest Hills census-designated place, which is used only for statistical purposes. Ada Township is part of the Grand Rapids metropolitan area and is about east of the city of Grand Rapids. The township is the corporate home of Alticor and its subsidiary companies Amway North America and Amway. Communities Ada, also known as Ada Village, is an unincorporated community within the township. It is located on M-21, about east of Grand Rapids. Ada contains its own post office with the 49301 ZIP Code that serves the majority of the township. Ada was settled as early as 1821 when Rix Robinson built a trading post near the area to trade furs with a local Ottawa village. Robinson made the first land purchase here in 1833, and a settlement developed along the Thornapple River. A post office was established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ada Township, Michigan
Ada Township ( ) is a civil township of Kent County in the U.S. state of Michigan. The population was 14,388 at the 2020 census. The majority of the township is included in the Forest Hills census-designated place, which is used only for statistical purposes. Ada Township is part of the Grand Rapids metropolitan area and is about east of the city of Grand Rapids. The township is the corporate home of Alticor and its subsidiary companies Amway North America and Amway. Communities Ada, also known as Ada Village, is an unincorporated community within the township. It is located on M-21, about east of Grand Rapids. Ada contains its own post office with the 49301 ZIP Code that serves the majority of the township. Ada was settled as early as 1821 when Rix Robinson built a trading post near the area to trade furs with a local Ottawa village. Robinson made the first land purchase here in 1833, and a settlement developed along the Thornapple River. A post office was established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michigan
Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the largest by area east of the Mississippi River.''i.e.'', including water that is part of state territory. Georgia is the largest state by land area alone east of the Mississippi and Michigan the second-largest. Its capital is Lansing, and its largest city is Detroit. Metro Detroit is among the nation's most populous and largest metropolitan economies. Its name derives from a gallicized variant of the original Ojibwe word (), meaning "large water" or "large lake". Michigan consists of two peninsulas. The Lower Peninsula resembles the shape of a mitten, and comprises a majority of the state's land area. The Upper Peninsula (often called "the U.P.") is separated from the Lower Peninsula by the Straits of Mackinac, a channel that joins Lak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
