PROFILE |
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Quality King Distributors rules a gargantuan gray market empire. It buys US name-brand products that have been exported to overseas markets, re-imports them, then sells them below suggested retail prices. The practice is deeply disliked by US manufacturers, but has been ruled legal by the Supreme Court. Quality King distributes groceries and hair, health, and beauty care products to pharmacy and grocery chains, grocery distributors, and wholesale clubs throughout the US. Bernard Nussdorf and his wife Ruth founded Quality King in 1960 in Queens, New York. The Nussdorf family still owns the company, which has transferred its pharmaceutical distribution business to affiliate QK Healthcare prior to spinning it off.
COMPETITION |
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Bindley Western Industries, Inc. (dossier)
Cardinal Health, Inc. (CAH)
McKesson HBOC, Inc. (MCK)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: October
2000 Sales (mil.): 2,050.00
1-Yr. Sales Growth: 13.9%
Employees: 1,200
Revenue per employee: $1,708,333.33
KEY PEOPLE |
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Glenn Nussdorf
CEO
Dennis Barkey
CFO
CONTACT INFO |
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2060 9th Ave.
Ronkonkoma, NY 11779
US
Phone: 631-737-5555
Fax: 631-439-2388
Online: Web Site
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