THE PAMPERED CHEF
Using $3,000 she borrowed from a life insurance policy, home economist Doris Christopher started The Pampered Chef in her suburban Chicago home in 1980.
All her time working with homemakers convinced Christopher that women needed quality time saving tools designed to help make cooking quick and easy. She had seen the success of Tupperware’s business model and developed her own detailed multi-level marketing business plan. Using the life insurance money, she purchased some basic inventory and was on her way.
By 2002, the company had grown into a $700 million operation that was acquired by Warren Buffett’s Berkshire Hathaway Corporation for $1.5 billion. Today, the company boasts
12 million customers.