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Amway
Amway Corp. (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 Township, Michigan, Ada, Michigan. Amway and its sister companies under Alticor reported sales of $8.9 billion in 2019. It is the largest multi-level marketing company in the world by revenue. 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 US Federal Trade Commission (FTC) for alleged pyramid scheme practices. The company has paid tens of millions of dollars to settle these suits. In 1983, Amway admitted to defrauding the Canadian government of customs duties and taxes by falsely undervaluing goods it imported into the country over a period of 15 years; it had to pay a fine. Between 2007 and 2008, Amway was fou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alticor
Alticor is a privately owned American corporation run by the DeVos and Van Andel families. 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 1959, 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, purchased ownership in Interleukin Genetics and is a wholly owned subsidiary of Alticor Inc. AHC+Hospitality AHC+Hospitality, formerly Amway Hotel Corporation, is the Alticor ho ... [...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 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 II broke out, Jay served as a United State ... [...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. Doug DeVos is the brother of Dick DeVos, and brother-in-law to Betsy DeVos, who was the Secretary of Education in the Trump Administration, from 2017 to 2021. 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 ... [...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 and sometimes illegal 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 sel ... [...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 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's multilevel marketing network. Background Edith Rehnborg, wife of Nutrilite founder Carl Rehnborg, founded Edith Rehnborg Cosmetics in 1958, 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. 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. 2023 Artistry Malaysia launched the brand's first ever campaign targeting Gen Z consumers, #IamGenGlow, as part of the launch of a new skincare range, Artistry Studio Skin. Partnerships Artistry and Amwa ... [...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 the first vitamin and supplement products in the 1930s. His time in China between the end of 1915 and 1927, when famine and hunger were extreme, exposed him to experiences on how to help the body survive, which led him to realize the impact vitamins and nutrients have on general health. He began selling his vitamins and supplements as the California Vitamin Company. In 1939 the company was renamed Nutrilite. In 1945, Rehnborg invented a multi-level marketing selling system to distribute his vitamins. Also in 1945 Lee S. Mytinger and William S. Casselberry became exclusive national distributo ... [...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 establi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pyramid Scheme
A pyramid scheme is a business model which, rather than earning money (or providing Return on investment, returns on investments) by sale of legitimate product (business), products to an end consumer, mainly earns money by recruiting new members with the promise of payments (or services). As the number of members multiplies, recruiting quickly becomes increasingly difficult until it is impossible, and therefore most of the newer recruits do not make a profit. As such, pyramid schemes are unsustainable. The unsustainable nature of pyramid schemes has led to most countries outlawing them as a form of fraud. Pyramid schemes have existed since at least the mid-to-late 19th century in different guises. Some multi-level marketing plans have been classified as pyramid schemes. Concept and basic models In a pyramid scheme, an organization compels individuals who wish to join to make a payment. In exchange, the organization promises its new members a share of the money taken from every ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) United States antitrust law, antitrust law and the promotion of consumer protection. It shares jurisdiction over federal civil antitrust law enforcement with the United States Department of Justice Antitrust Division, Department of Justice Antitrust Division. The agency is headquartered in the Federal Trade Commission Building in Washington, DC. The FTC was established in 1914 by the Federal Trade Commission Act of 1914, Federal Trade Commission Act, which was passed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Antitrust Act of 1914, Clayton Act, a key U.S. antitrust statute, as well as the provisions of the FTC Act, et seq. Over time, the FTC has been delegated with the enforcement of additional business regulation statutes and has promul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
