Conair Corporation reaches billion dollar mark.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 30, 2000 Conair Corporation Conair Corporation is a United States corporation which sells appliances, personal care products, and health and beauty products for both professionals and consumers. It was founded in 1959 and has since expanded to include ten product divisions. , which celebrated its 41st anniversary this year, has reached another milestone. The company that grew from a Brooklyn-based supplier of professional hair rollers See Ground sea started with a $100 investment, into a worldwide producer of basic, trend-making products in personal care, fitness, cooking, communication and oral care has just reached One Billion Dollars in Annual Net Sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight . Conair founder and owner Leandro P. Rizzuto reflects the feelings of the 5000 Conair employees worldwide, in his jubilation. "It's a goal we knew we could reach if we all worked together. And we did it! Through these 41 years, we've been carefully expanding our presence into new areas. Keys to success have been innovation, a hard working team and serving our customers. We've moved at lightning speed, always careful to gauge how to successfully establish a solid relationship with retailers and consumers, while building a strong presence in the markets we've targeted. I think I speak for every single member of the Conair team when I say that this will be the best holiday season ever!" Conair Corporation owns many key brands beyond the flagship Personal Appliance marque. Contributing to the collective clout of the Conair brand portfolio are the Cuisinart, Waring Several people have had the name Waring:
Redding is credited with being the inventor of modern day hair conditioner. , Conair Shine, Forfex, BaByliss, Southwestern Bell
Southwestern Bell Telephone, L.P. Freedom Phone and Conairphone brands. Each division has contributed to the steady growth of Conair's overall global business, and fiscal year 2000 is currently tracking at approximately 16% over last year. The company has no plans to rest on its laurels. Conair is already looking ahead, ready to continue its role as an industry leader in the technology, innovation and design of consumer and professional products. Continuing the corporate mission, Conair is now targeting the $2 Billion mark by the year 2007. There is still a world full of markets to conquer, and Conair's long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. goal is to one day have a Conair product in every household around the world. Conair wishes to thank all of its customers, suppliers and employees for their hard work and dedication in achieving this goal. Visit us at our website: www.conair.com. |
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