Amway (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] It is the largest multi-level marketing company in the world by revenue.[6] 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. The company has paid tens of millions of dollars to settle these suits.[7][8][9][10][11][12] Between 2007 and 2008, Amway was found guilty of illegal business practices in India. This ruling was upheld by the Indian Supreme Court. The crackdown was followed in 2021 by the Enforcement Directorate attaching company and bank assets, and labeling Amway's business model a "pyramid fraud" and the product offerings a "masquerade".[13][14][15] In 1983, Amway admitted to defrauding the Canadian government for 15 years and had to pay a fine.[16]
^ abc"Amway". Forbes. Archived from the original on January 25, 2023. Retrieved January 25, 2023.
^Xardel, Dominique (1993). The Direct Selling Revolution. Understanding the Growth of the Amway Corporation. Blackwell Publishing. pp. 1–4. ISBN 978-0-631-19229-9.
^"About Amway – Global Leader in Direct Selling". Amway.com. June 23, 2011. Archived from the original on April 18, 2009. Retrieved July 9, 2011.
^"The Times 100 Business Case Studies: Amway – Direct selling and supply chain". February 22, 2008. Archived from the original on December 20, 2007. Retrieved July 9, 2011.
^"Amway Corp—Company Profile and News—Bloomberg Markets". Bloomberg. Archived from the original on September 2, 2019. Retrieved September 2, 2019.
^"What Is an MLM? How Multilevel Marketing Works". Archived from the original on February 18, 2023. Retrieved January 25, 2023.
^"Pyramid Schemes". Federal Trade Commission. May 13, 1998. Archived from the original on December 16, 2013. Retrieved July 19, 2015.
^Cite error: The named reference classaction was invoked but never defined (see the help page).
^Cite error: The named reference ibtimes was invoked but never defined (see the help page).
^Cite error: The named reference Kerala raids was invoked but never defined (see the help page).
^Sanandakumar, S (May 29, 2013). "Amway India Chairman William S Pinckney, two Directors granted bail". The Economic Times. Archived from the original on December 17, 2016. Retrieved May 28, 2014.
^Adler, Roger (March 4, 2009). "Amway GC Lives the Dream". Law.com. Archived from the original on June 7, 2011. Retrieved December 29, 2018.
^"Andhra Police arrest Amway India CEO, act evokes condemnation". Business Standard. May 27, 2014.
^www.ETRetail.com. "Amway guilty of misbranding, asked not to sell two products - ET Retail". ETRetail.com. Retrieved April 7, 2024.
^"Here's how some of the other big countries deal with Amway". CNBCTV18. April 21, 2022. Retrieved April 7, 2024.
^Martin, Douglas (November 11, 1983). "Amway admits fraud". The New York Times.
Amway (short for "American Way") is an American multi-level marketing (MLM) company that sells health, beauty, and home care products. The company was...
Amway Arena (originally known as Orlando Arena and later TD Waterhouse Centre) was an indoor arena located in Orlando, Florida. It was part of the Orlando...
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Amway North America (formerly known as Quixtar North America) is an American worldwide multi-level marketing (MLM) company, founded 1959 in Ada, Michigan...
Amway Australia is the affiliate of the United States company Amway that serves Australia and also New Zealand. The company began in 1971. Amway Australia...
September 6, 2018) was an American billionaire businessman, co-founder of Amway with Jay Van Andel (company restructured as Alticor in 2000), and owner...
Globe and Mail. Canada. March 27, 2008. Retrieved March 28, 2008. "2012 Amway Canadian Championship". Retrieved January 27, 2012. "OneSoccer". Retrieved...
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...
The Amway River Bank Run is an annual road running race hosted by Amway in U.S. city of Grand Rapids, Michigan, in the month of May. The 25K run was created...
business ventures, most notably the multi-level marketing company Amway and Amway Global, and a manufacturing and distribution company, Access Business...
businessman and sports executive. He is the son of Helen June (Van Wesep) and Amway co-founder Richard DeVos. Since 1993, DeVos has served as president and...
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...
Machine. "Amway Coaches Poll: August 8, 2022". USA Today. August 8, 2022. "Amway Coaches Poll: September 6, 2022". USA Today. September 6, 2022. "Amway Coaches...
All-Rookie First Team. On September 19, 1991, the DeVos family, founders of Amway, purchased the franchise for $85 million. Family patriarch Richard DeVos...
February 2014, Amway was announced as the title sponsor of the college football Coaches Poll, which became known officially as the Amway Coaches Poll....
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...
series. This was also the last NBA Finals to be played at Amway Arena; the Magic moved to the Amway Center for the 2010–11 season. Los Angeles Lakers Orlando...
formed a business partnership with former Amway distributor (Quixtar in the US) Orrin Woodward, founder of an Amway distributor sales network company known...
they had played in their previous venue, Amway Arena, for 18 seasons in the AFL, longer than any other team. Amway Arena was often nicknamed "The Jungle"...
bubble called the WWE ThunderDome, which was first hosted at Orlando's Amway Center. In December, the ThunderDome was relocated to Tropicana Field in...
1955) is an American businessman, author, and former politician. The son of Amway co-founder Richard DeVos, he was CEO of the multi-level marketing company...
"Nutrilite Brand Signs Kurt Warner", Amway North America "Amway Press Room – Amway North America". news.amway.com. "Topic Galleries". Chicago Tribune...
"2017 Preseason Amway Coaches Poll". USA Today. August 3, 2017. Archived from the original on August 3, 2017. Retrieved August 3, 2017. "Amway Coaches Poll...
November 13, 2022. "Canada Soccer announces move to new timeframe for future Amway Canadian Championships". Canada Soccer. March 21, 2014. Archived from the...
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