Quixtar is a multi-level marketing company, founded in 1999 by the families of Richard DeVos and Jay Van Andel. Quixtar is now owned by Alticor, which also owns Amway. While Access Business Group (also owned by Alticor, Inc.) took over the Amway infrastructure in North America, Quixtar still services "Independent Business Owners" (or IBOs) operating in the Amway business model in the United States, Canada and the Caribbean. It completely replaced Amway in 2001 as the marketing venture for products such as Nutrilitedietary supplements, XS Energy Drinks and Artistrycosmetics in those North American regions.
Amway
In 1999, Alticor (the owners of Access Business Group and 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 subsidiary in Europe.
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.
World poverty 'more widespread' Wed, 27 Aug 2008 08:40:44 -0000 The World Bank says there are more poor people in the world than previously thought, with one in four in poverty. Rise in US durable goods orders Wed, 27 Aug 2008 13:37:21 -0000 New orders for long-lasting US manufactured goods rise by a surprise 1.4% in July, led by a big rise in aircraft sales. Oil price rises hurricane fears Wed, 27 Aug 2008 18:29:24 -0000 The price of oil climbs as Tropical Storm Gustav heads towards the Gulf of Mexico - home to many offshore energy installations.
NYT > World Business
U.S. Moves to Adopt International Accounting Rules Wed, 27 Aug 2008 18:19:36 -0000 The Securities and Exchange Commission moved Wednesday to require all American companies to use international accounting standards by 2016.
Data Points to Downturn in Germany, With a Ripple Effect Feared Wed, 27 Aug 2008 14:51:47 -0000 The odds of a mild recession in Germany rose significantly Tuesday, as data showed the outlook for business had plunged to its lowest level since a downturn in 1993.
Ricoh Buys Office Equipment Distributor in U.S. Wed, 27 Aug 2008 14:57:16 -0000 The Japanese copier and printer maker said that it would acquire Ikon Office Solutions for about $1.62 billion to help it expand overseas.
Amway Corporation - International Amway site
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