Amway
American multi-level marketing company
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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.
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ED: Amway siphoned off Rs 2,859 crore, Hyderabad court has taken up plaintThe Enforcement Directorate has accused Amway India of running a multi-level marketing operation and siphoning off over Rs 2,859 crore. The agency claims that Amway India cheated the public. The ED's..IndiaTimes - Published | |
ED attaches Rs 757 crore assets of Amway, questions business modelThe Enforcement Directorate has accused Amway India Enterprises of running a multi-level marketing scam, while attaching its assets worth Rs 757 crore on Monday, including its factory in Tamil Naduβs..IndiaTimes - Published |
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