Formerly |
|
---|---|
Company type | Private |
Industry | Holding company |
Founded | 1959 |
Founder | Richard DeVos Jay Van Andel |
Headquarters | Ada, Michigan, U.S. |
Area served | Worldwide |
Key people | Steve Van Andel (chairman) Doug DeVos (president) [2] |
Revenue | US$ 9.2 billion (2010) [3] |
Owner | DeVos & Van Andel families |
Number of employees | 13,000 [4] |
Subsidiaries |
|
Website | www |
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. [6] [7]
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. [8]
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. [9] Pyxis Innovations Inc., formed in 2000, purchased ownership in Interleukin Genetics and is a wholly owned subsidiary of Alticor Inc. [10]
AHC+Hospitality, formerly Amway Hotel Corporation, is the Alticor hotel subsidiary. AHC owns several hotels in Grand Rapids and the British Virgin Islands. [11]
The Amway Corporation purchased, refurbished, expanded, and renamed the Pantlind Hotel to the Amway Grand Hotel in 1981.
In February 2017, CWD Real Estate Development indicated plans to convert a downtown Grand Rapids building into an AC Hotels by Marriott with 130 rooms to be operated by AHC. [12] By May 2017, Amway Hotel Corporation changed its name to AHC+Hospitality. [11]
Amway 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, 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 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, and manufacturing and logistics company Access Business Group. After the launch of Amway Global, it replaced the Amway business in the United States, Canada and the Caribbean, with the Amway business continuing to operate in other countries around the world. On May 1, 2009, Quixtar made the name change to Amway Global and fused the various different entities of the parent company.
Jay Van Andel was an American billionaire businessman, best known as co-founder of the Amway Corporation, along with Richard DeVos.
Richard Marvin DeVos Sr. was an American billionaire businessman, co-founder of Amway with Jay Van Andel, 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.
Richard Marvin DeVos Jr. 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 from 1993 to 2002. In 2006, DeVos ran for Governor of Michigan but lost to the then-incumbent Democrat Jennifer Granholm. In 2012, Forbes magazine listed his father as the No. 351 richest person in the world, with a net worth of approximately US$5.4 billion. DeVos is the husband of Betsy DeVos, the former United States Secretary of Education in the Trump administration.
Sysco Corporation is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice. The company is headquartered in the Energy Corridor district of Houston, Texas. Sysco is the world's largest broadline food distributor; it has more than 600,000 clients in a wide array of fields. Management consulting is also an integral part of their services. The company operates approximately 330 distribution facilities worldwide; providing service to over 90 countries.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
Amway Grand Plaza Hotel is located in Grand Rapids, Michigan and is named after Amway Corporation, which is based in nearby Ada Township.
Micros Systems, Inc., was an American computer company who manufactured hardware and developed software and services for the restaurant point of sale, hotel, hospitality, sports and entertainment venues, casinos, cruise lines, specialty retail markets and other similar markets. Analyst estimates cited in 2003 put Micros' market share at about 35% of the restaurant point-of-sale business. Independently active from 1978 to 2014, Micros is now owned by Oracle Corporation and renamed Oracle Food and Beverage and Oracle Hospitality. Micros was headquartered in Columbia, Maryland, United States, and the current business unit it still based there.
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.
Rezidor Hotel Group AB, originally SAS International Hotels A/S and then Rezidor SAS Hospitality A/S, Rezidor SAS Hospitality Group AB (publ), was a listed hotel group company. Originally founded by Scandinavian conglomerate SAS Group as a hotel in 1960, it became a listed company in 2006. The global headquarters of Rezidor relocated to Brussels, Belgium, circa 1989. The listed company managed hotel chains under brands such as Radisson SAS (now Radisson Blu), Park Inn, and Country Inns & Suites. The brands were franchised from American hospitality and travel conglomerate Carlson Companies from 1994 (the Radisson brand) and 2002 (the other brands) respectively. In 2005, Carlson Companies acquired 25% of the shares of Rezidor Hotel Group from SAS Group. In 2007, SAS Group ceased to be a shareholder of the company.
Hilton Grand Vacations Inc. is a multi-national company that is based in Orlando, Florida, United States. It manages and operates the Hilton Worldwide timeshare and vacation ownership brands under an exclusive licensing agreement with Hilton Worldwide. HGV was formerly a wholly owned subsidiary of Hilton Worldwide until it was spun off into a publicly traded company in 2017. Even though HGV is an independent company post spin-off, Hilton Worldwide still retains full ownership of the Hilton Grand Vacation Club, Hilton Vacation Club, and Hilton Club brands that HGV manages and operates for them. These timeshare brands are all part of Hilton Worldwide's portfolio of 22 hotel and resort brands.
STI College is one of the largest network university/colleges and senior high schools with more than 63 campuses in the Philippines. Wide array of in-demand programs are offered in STI College in the fields of Information Technology, Hospitality & Tourism, Multimedia Arts, Business & Accountancy, Computer Engineering, and Criminology.
eCoupled is a proprietary near-field wireless energy transfer technology developed by Fulton Innovation, a division of Alticor. It provides wireless power transfer via inductive coupling between a primary transmission coil and a secondary receiving coil. A single primary coil can provide power to multiple secondary coils at the same time.
Grand Rapids is a city and county seat of Kent County in the U.S. state of Michigan. At the 2020 census, the city had a population of 198,893, making it the second-largest city in Michigan, after Detroit. Grand Rapids is the central city of the Grand Rapids metropolitan area, which has a population of 1,087,592 and a combined statistical area population of 1,383,918.
Gurwitch Products is a Houston, Texas-based subsidiary of Shiseido that produces, manages, and markets cosmetics and skincare products. Gurwitch produces and markets products under two brands, Laura Mercier Cosmetics and RéVive Skincare.
Daniel G. DeVos is an American businessman and sports executive. He is the son of Helen June and Amway co-founder Richard DeVos.
Doug DeVos is an American businessman and sailor. He is co-chairman of Amway, which was co-founded by their fathers. DeVos is the chairman of the executive committee of the National Constitutional Center.
Filinvest Development Corporation is the publicly listed holding company for the various firms in the Filinvest group. It was established in 1955 in the Philippines by Andrew L. Gotianun Sr. and his wife, Mercedes Gotianun, as a used-car financing company. It has holdings in real estate development and leasing, the sales of housing units, and hotel and resort management, banking and financial services, sugar and power. It is based in Metro Manila, Philippines, and is owned by the Gotianun family.