Alticor
American holding company for multi-level marketing business
From Wikipedia, the free encyclopedia
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]
- Ja-Ri Corporation (1959–1963)
- Amway Corporation (1963–2000)
- Alticor, Inc. (2000–present)[1]
| |
| 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 |
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]
Alticor Corporate Enterprises
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
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]