Victor Kiam Biography
Victor Kiam was a famous American entrepreneur, businessman, and also philanthropist who lived between December 7th, 1926, and also May 27th, 2001. Known widely for his abundant individuality as well as eager organization acumen, Kiam developed a global track record with his effective investments in different companies, most significantly the acquisition of Remington Products Business.
Early Life and also Education
Victor Kiam was born in 1926 in New Orleans, Louisiana, to Stella and Maurice Kiam. His daddy worked as a noticeable jeweler, igniting Kiam's interest in entrepreneurship. Victor Kiam broadened his horizons by participating in the prestigious Phillips Academy in Andover, Massachusetts. He went on to make his bachelor's degree from Yale University in 1948 and followed it up with a Master of Business Administration from Harvard Business School in 1951.
Career and also Success
Kiam's business career chased he joined Lever Brothers, a British multinational durable goods firm. His tenure at Lever Brothers showed his prowess in advertising and marketing as well as item growth. In 1955, Kiam transferred to Playtex, a worldwide underwear, underwear, and also personal care business, where he became Vice President accountable of advertising by 1960. Throughout his time at Playtex, Kiam contributed significantly to promoting the business's items with ingenious advertising suggestions.
In 1968, Kiam acquired control of Virginia-based Benrus Corporation, a watch manufacturing company. He used his advertising knowledge to make Benrus a market leader in the United States. For many years, Kiam developed an eagle eye for identifying potential growth possibilities, as well as he began expanding his investment profile.
Kiam's most considerable and also significant business decision was the purchase of Remington Products Company in 1979. A struggling electric razor company during that time, Remington experienced an exceptional turnaround after Kiam took cost. He spruced up the company's technique to product promotion and client service.Boosting sales through his notorious catch phrase, "I suched as the razor a lot, I bought the business!" which made him a house name.
Under Kiam's management, Remington's annual turn over escalated from 77 million bucks in 1981 to over 300 million dollars in 1987. His undertakings helped Remington record a significant share of the global market for electric shavers, thrusting the firm to incredible growth.
In 1989, Kiam expanded his organization interests by acquiring the New England Patriots, a professional American football group. This procurement escalated his public visibility, yet the team experienced economic problems, leading Kiam to market it in 1992.
Philanthropy as well as Personal Life
Victor Kiam was similarly recognized for his kind activities. He dedicated his time and sources to causes such as the United Negro College Fund and numerous other instructional organizations. Kiam was an advocate in the fight versus leukemia, where he contributed to numerous fundraising initiatives.
In his personal life, Kiam had a reputation for being gregarious, family-oriented, and also enthusiastic about sports. He relished offering motivational speeches concerning entrepreneurship as well as self-reliance. Kiam was married to Ellen Garrison, and the couple had 3 kids: Lisa, Susan, and also Victor Jr. Victor Kiam died on May 27, 2001, at the age of 74. His legacy as an astute businessman, business owner, and benefactor continues to inspire future generations of business owners and magnate.
Our collection contains 9 quotes who is written / told by Victor, under the main topic
Motivational.
Related authors: Lawrence Taylor (Athlete), Jewel (Musician)
Victor Kiam Famous Works:
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