Amway

Amway generally refers to an international multi-level marketing (MLM)

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system consisting of a company called Amway Corporation and several surrounding

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but legally separate motivational organizations (sometimes referred to as Amway Motivational Organizations, or AMOs.) Dexter Yager's organisation, the International Dreambuilders' Association/Digital Alliance, (usually simply referred to by the abbreviation IDA) is arguably the largest and best-known of the motivational organizations, and is probably the one most commonly associated with Amway.

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Amway Corporation, a privately held company founded in 1959 by Jay Van Andel and Rich DeVos and based in Ada, Michigan, has annual sales of $6.2 billion (2004). It manufactures and sells personal care products and markets products from other companies, including (in Australia and New Zealand) Emma Page jewelry.

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In 1999 the founders of the Amway corporation launched a sister (and separate) internet-based company named Quixtar. The Alticor corporation owns both Amway and Quixtar, plus several other concerns. Quixtar replaced the North American business of Amway in 2001, with Amway operating in the rest of the world. Amivo acts as an Amway daughter-company in Europe, as does a2k in Australia and New Zealand.

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Amway cofounder Jay Van Andel in 1980 and later his son Steve Van Andel in 2001 were elected by the board of directors of the United States Chamber of Commerce as chairman of that organization.

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1959: 1959 was a common year starting on Thursday of the Gregorian calendar. It is also a song by The Sisters of Mercy on the album Floodland....

Jay Van Andel: Jay Van Andel, (1924-2004) American businessman best-known as the co-founder of the Amway Corporation, was born in Grand Rapids, Michigan, June 3 1924. He was also known as a philanthropist for religious missions and conservative political causes, including the Republican Party. Shortly before his...

Rich DeVos: redirectRichard DeVos...