GRAND RAPIDS, Mich. — Amway Corp. President Richard DeVos has turned to taunting Avon Products Inc. for rejecting Amway's recent takeover bid, telling a company convention crowd that if Amway can't join them, "We'll just beat 'em."
The thousands of Amway distributors roared in approval Saturday as DeVos joked the company's new motto may be "Sponsor An Avon Lady Today."
About 7,500 of Amway's 1 million independent distributors worldwide attended the two-day convention at the Amway Grand Plaza Hotel.
The convention, commemorating the 30th anniversary of the Ada, Mich.-based company, comes about a month after Amway teamed up with corporate raider Irwin Jacobs to buy a 10.3% stake in Avon. A week later, Amway offered to buy the New York-based cosmetics company for $2.1 billion.
Avon rejected the offer, and in a series of stinging letters to Amway it described the direct-sales company as "marked by zealotry" and said such a merger "would destroy Avon's good name."