Mary Kay founder passes away
This article was originally published in The Rose Sheet
Executive Summary
Mary Kay Ash, founder of the Dallas-based direct-sell cosmetics company, passed away Nov. 22 of natural causes, firm says. Ash, who had been in poor health since suffering from a stroke in 1996, founded Mary Kay in 1963 with $5,000, company notes. Today, direct seller generates $2.4 bil. in sales and employs 850,000 people. Ash's son Richard Rogers recently returned to head the firm as chairman and CEO (1"The Rose Sheet" July 2, p. 5)...
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