Amway
American multi-level marketing company
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December 2023 | Kia bought the naming rights to the former Amway Arena, ending Amway's long-standing naming rights. |
April 2022 | Enforcement Directorate attached movable and immovable assets of Amway India, including their factory in Dindigul and bank accounts, under the Prevention of Money Laundering Act (PMLA). |
2021 | Betsy DeVos concluded her service as United States Secretary of Education. |
2021 | Amway launched a WeChat mini-program to continue expanding its presence in the Chinese market. |
2021 | India's Enforcement Directorate attached Amway's company and bank assets, labeling the company's business model a 'pyramid fraud' and its product offerings a 'masquerade'. |
2019 | Amway and its sister companies under Alticor reported sales of $8.9 billion, solidifying its position as the largest multi-level marketing company in the world by revenue. |
2018 | DeVoses supported an amendment to the US House of Representatives' omnibus Financial Services and General Government Appropriations bill that would have limited the FTC's ability to investigate potential pyramid schemes in multi-level marketing companies. |
2018 | A revision plea by Pinckney and Bijlani against the framed charges was dismissed by the court. |
2018 | Nutrition and wellness products became the largest product category, representing 52% of Amway's total sales, while beauty and personal care products accounted for 26% of total sales. |
2018 | Forbes ranked Amway as the 42nd-largest privately held company in the United States and named the top company on the Direct Selling News Global 100 list. |
2017 | A Chandigarh court framed charges under Section 420 of the Indian Penal Code against Amway India directors William Scot Pinckney and Prithvai Raj Bijlani, based on a cheating case filed in 2002. |
2017 | Betsy DeVos began her tenure as United States Secretary of Education under the Trump administration. |
2016 | Introduction of H.R. 3409, the 'Anti-Pyramid Scheme Promotion Act of 2016', which proposed to modify definitions of sales and consumer interactions in multi-level marketing businesses. |
2014 | Amway created a Russian loyalty card program called 'Alfa-Amway' by partnering with Alfa-Bank. |
May 26 2014 | Andhra Pradesh police arrested William S. Pinckney based on a consumer complaint alleging unethical money circulation. He was jailed for two months before being released on bail. |
June 8 2013 | Kozhikode Court lifted the freeze on Amway offices in Kerala. |
May 27 2013 | Kerala Police Crime Branch arrested William S. Pinckney (Managing Director & CEO of Amway India Enterprises) and two other directors on charges of running a pyramid scheme. They were granted bail the next day. |
2012 | The old Amway Arena was demolished. |
November 2012 | Economic Offences Wing of Kerala Police conducted searches at Amway offices in Kozhikode, Thrissur, and Kannur. Warehouses were closed, and products valued at 21.4 million rupees were seized. Area manager P. M. Rajkumar was arrested and remanded in judicial custody. |
August 2012 | Gay rights activist Fred Karger initiated a boycott of Amway to protest Doug DeVos's foundation's contribution to the National Organization for Marriage, an organization opposing same-sex marriage. |
2011 | Amway signed a three-year sponsorship deal to be the presenting sponsor of the National Hockey League's Detroit Red Wings. |
August 6 2011 | Kerala Police sealed Amway offices in multiple cities including Kozhikode, Kannur, Kochi, Kottayam, Thrissur, Kollam, and Thiruvananthapuram following complaints. |
2010 | The Los Angeles Sol women's soccer team folded, ending Amway's sponsorship. |
2010 | The new Amway Center was opened, replacing the previous Amway Arena. |
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