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Amway Corp. (short for "American Way") is an American multi-level marketing (MLM) company that sells health, beauty, and home care products. [2] [3] [4] The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. [5] Amway and its sister companies under Alticor reported sales of $8.9 billion in 2019. [1]
The FTC stated that Amway was not an illegal pyramid scheme since the Amway system is based on retail sales to consumers. Amway avoided being defined as a pyramid scheme by: not requiring an entry ("headhunting") fee; [3] making product sales a precondition to receiving the performance bonus; [4] requiring the buying back of excessive inventory ...
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 ...
Headquarters in Ada, Michigan. Alticor is a privately owned American corporation run by the DeVos and Van Andel families. [5] 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.
[7] [8] In 2000 it was reported that Amway was the largest direct selling company in the Australian region with annual turnover of more than $170 million and a network of 100,000 home-based distributors. [7] Thirty percent of products sold by Amway Australia come from Australian suppliers, with the rest from Amway factories in the US, Europe ...
Artistry products were manufactured at Nutrilite in California and by 1995 they were also produced at the Amway China facility. [3] Over the years, Artistry expanded their product portfolio. As of 2000, the Artistry range included over 400 products.
Nutrilite's vitamin and mineral products are distributed through a multilevel marketing structure by Amway affiliates known as Independent Business Owners (IBO) in North America and 108 other countries and territories. Nutrilite also has snacks as part of its product line.(Amway, Quixtar, and Access Group are subsidiaries of Alticor).
However, over the years it was recognized that all publicity, good and bad, is good publicity, and so the parent company, also renamed, decided to give up on the Quixtar name and go back to the name that everyone knew, Amway. It would be massively confusing to move this article to Amway Global and keep the main Amway article at Amway.
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