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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] |
Amway Global
Amway North America (formerly known as Quixtar North America) is an American worldwide multi-level marketing (MLM) company, founded 1959 in Ada, Michigan, United States. It is privately owned by the families of Richard DeVos and Jay Van Andel through Alticor which is the holding company for businesses including Amway, Amway Global, Fulton Innovation, Amway Hotel Corporation, Hatteras Yachts, and manufacturing and logistics company Access Business Group. After the launch of Amway Global (originally operating under the name Quixtar), it replaced the Amway business in the United States, Canada and the Caribbean, with the Amway business continuing to operate in other countries around the world. On May 1, 2009, Quixtar made the name change to Amway Global and fused the various different entities of the parent company. Amway Global is a member of the Direct Selling Association and the Better Business Bureau. History Rich DeVos and Jay Van Andel initially founded the Ja-Ri Corporat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
Grand Rapids, Michigan
Grand Rapids is a city and county seat of Kent County, Michigan, Kent County in the U.S. state of Michigan. At the 2020 United States census, 2020 census, the city had a population of 198,917 which ranks it as the List of municipalities in Michigan, second most-populated city in the state after Detroit. Grand Rapids is the central city of the Grand Rapids metropolitan area, which has a population of 1,087,592 and a combined statistical area population of 1,383,918. Situated along the Grand River (Michigan), Grand River approximately east of Lake Michigan, it is the economic and cultural hub of West Michigan, as well as one of the fastest-growing cities in the Midwestern United States, Midwest. A historic furniture manufacturing center, Grand Rapids is home to five of the world's leading office furniture companies and is nicknamed "Furniture City". Other nicknames include "River City" and more recently, "Beer City" (the latter given by ''USA Today'' and adopted by the city a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gurwitch Products
Gurwitch Products is a Houston, Texas-based subsidiary of Shiseido that produces, manages, and markets cosmetics and skincare products. Gurwitch produces and markets products under two brands, Laura Mercier Cosmetics and RéVive Skincare. Company history Gurwitch Products was founded by Janet Gurwitch, the former executive vice president of Neiman Marcus, and Gary M. Kusin in 1995. With makeup artist Laura Mercier, Gurwitch and Kusin licensed Laura Mercier's name and created the Laura Mercier Cosmetics brand in 1996. Gurwitch's former employer, the Neiman Marcus Group, purchased a 51 percent stake in the company in 1999. In August 2006, Gurwitch Products, which was valued more than $120 million at that time, was acquired by and became a wholly owned subsidiary of 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, mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amway Grand Plaza Hotel
Amway Grand Plaza Hotel is located in Grand Rapids, Michigan and is named after Amway Corporation, which is based in nearby Ada Township. Originally known as The Pantlind Hotel (founded in 1913), the Amway Grand Plaza Hotel reopened in 1981 after extensive renovations done by Marvin DeWinter & Associates, including the addition of a 29-story glass tower. The Pantlind's designers Warren & Wetmore were inspired by the work of the Scottish neoclassical architect Robert Adam. During its prime years, the hotel was consistently rated as one of the top ten hotels in the US. The hotel is owned by AHC+Hospitality, a subsidiary of Amway's holding company Alticor. Amway Grand Plaza Hotel is a member of the Curio Collection by Hilton, an affiliation which began in 2016. History Pantlind Hotel In the early 1900s, Grand Rapids was growing rapidly, the population reaching over 112,000 in 1910. As the city grew, iconic grand scale buildings began to arise. When the hotel opened in 1913, the ... [...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] |
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] |
Neiman Marcus
Neiman Marcus Group, Inc. is an American integrated luxury retailer headquartered in Dallas, Texas, which owns Neiman Marcus, Bergdorf Goodman, Horchow, and Last Call. Since September 2021, NMG has been owned by a group of investment companies led by Davidson Kempner Capital Management, Sixth Street Partners and Pacific Investment Management. History 1907–1949 Herbert Marcus Sr., a former buyer with Dallas' Sanger Brothers department store, had left his previous job to found a new business with his sister Carrie Marcus Neiman and her husband, Abraham Lincoln Neiman, then employees of Sanger Brothers competitor A. Harris and Co. In 1907, the trio had $25,000 from the successful sales-promotion firm they had built in Atlanta, Georgia, and two potential investments of funds. Rather than take a chance on an unknown "sugary soda pop business," the three entrepreneurs rejected the fledgling Coca-Cola company and chose instead to return to Dallas to establish a retail busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Companies Established In 1999
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Holding may refer to: * Holding an object with the hands, or grasping * Holding (law), the central determination in a judicial opinion * Holding (aeronautics), a manoeuvre in aviation * Holding (surname) * Holding company, a company that owns stock in other companies * Holding (American football), a common penalty in American football * ''The Miroslav Holding Co.'', 2001 Croatian film also released as ''Holding'' * "Holding", an episode of the American animated television series ''Beavis and Butt-Head'' * ''Holding'' (TV series), a 2022 TV series See also * * * Smallholding * Hold (other) * The Holding (other) * "Holdin'," a song by Diamond Rio * Hoarding * Possession (law) In law, possession is the control a person intentionally exercises toward a thing. Like ownership, the possession of anything is commonly regulated by country under property law. In all cases, to possess something, a person must have an inten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Kent County, Michigan
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multi-level Marketing Companies
Multilevel or multi-level may refer to: * A hierarchy A hierarchy (from Greek: , from , 'president of sacred rites') is an arrangement of items (objects, names, values, categories, etc.) that are represented as being "above", "below", or "at the same level as" one another. Hierarchy is an important ..., a system where items are arranged in an "above-below" relation. * A system that is composed of several layers. * Bombardier MultiLevel Coach, a passenger rail car by Bombardier. See also * * {{dab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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