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Although Dexter was successful from the beginning, Alfond tired of being controlled by a few large customers and decided to go into the "branded" business. [citation needed] He developed a line of shoes under the Dexter name, hired a sales force and began selling to independent shoe stores across the country.
Alfond was president of the bowling shoe division at Dexter Shoe Company [7] until it was sold. He is currently a director of Dexter Enterprises LLC. [8] In 1986, he and his wife, Joan, founded the Bill and Joan Alfond Foundation.
Ted Alfond was born to a Jewish family, the son of Dorothy (nee Levine) and Harold Alfond. [1] [2] [3] His father founded the Dexter Shoe Company in 1958 and sold it in 1995 for $433 million of Berkshire Hathaway stock. [1]
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