The charitable giving of many U.S. based philanthropists is largely a closely guarded secret that is rarely revealed by those who are giving the largest amounts to the public. Rich DeVos of the AmWay Group has always been known as one of the world’s most compassionate business leaders because of his charitable giving, but his son Dick has now joined him as one of the most respected and important charitable figures in the world; now ranked 20th on the Forbes Top 50 list of philanthropists in the U.S. the DeVos family have finally revealed the full extent of their charitable giving.
Dick DeVos made his way to the board of the AmWay Group founded by his father Rich in 1984 after spending the previous decade working in various parts of the AmWay Group to gain an overview of the company as a whole. Leading the foreign investment arm of the company proved Dick DeVos was the man to take over as CEO in the 1990s. DeVos oversaw a prolonged period of growth for the company that included the foreign portions of the company’s revenue tripling over the time he was in charge.
The DeVos family are often most associated with their political activities aimed at conservative groups within the U.S. and the close links the family have with a number of educational groups; however, the Dick and Betsy DeVos Foundation has been working in many other areas of the philanthropic world of Michigan and the U.S. as a whole. Over the course of recent years a number of arts programs in Western Michigan have benefited from the support of Dick and Betsy Devos. Some of the largest donations made by Dick Devos have also provided support for the Kennedy Center for the Arts, which went as far as to name an arts management institute on its site after the supporter of free market economics.
With strong lucrative online sales under its belt and plans for growth, active wear and accessories manufacturer Fabletics plans the expansion of its retail services through 2016. Kate Hudson’s active wear brand as been advised as seeking to open 75 to 100 stores over the next five years according to Racked.
Fabletics is the brainchild of actress and style trailblazer Kate Hudson and JustFab Inc Co-CEOs, Don Ressler and Adam Goldenberg. The trio saw a gap is the active wear marketplace in 2013 and actively joined forces to create the Fabletics brand. The brand’s mission seeks to inspire wearer to stay active with on-trend designs that are high in quality at an affordable price that seeks to live up to the brand’s motto, ‘Live your passion.’ See: https://consumerist.com/2016/02/12/yes-real-life-fabletics-stores-just-exist-to-sell-more-vip-memberships/
These new retail opening mean shoppers will be able to try on Fabletics clothing in person and the brand has opened new locations in 2016, one of which is located in the Mall of America. The activewear fashion retailer’s mall of America location opened in early spring 2016, the operation advised with its 40 million annual visitors the Mall of America was a clear choice for the brick-and-mortar location.
Read more: Fabletics on Pinterest
Fabletics is online to gather $250 million in online sales in 2016 and stated that online data plus properties data had been key factors in its decision to expand its bricks-and-mortar operations. Fabletics cited that their customers were seeking a flexible shopping experience where they could get a more personal feel for the athleisure brand. Fabletics is also implementing plans to expand services in its men’s appeal, swimwear and dress brand lines due to the brand’s growing popularity. The premium fashion activewear brand’s range of performance active gear clothing appears to have a bright future in a growing athleisure retail market.