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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.
He is the grandson of businessman Harold Alfond, the founder of the Dexter Shoe Company. [6] He has two siblings, Kenden, and Reis. [6] His father worked for the family business, Dexter Shoes, as the director of the company's golf and bowling shoe division; and also served as a trustee of the Governor Dummer Academy. [6]
Harold Alfond founded the Dexter Shoe Company in 1958 and sold it in 1993 for $433 million of Berkshire Hathaway stock. [1]In 1993, he created the Peter Alfond Foundation whose mission is to invest in innovative educational and wellness opportunities that strengthen communities, making meaningful, positive, and direct impact in New England and the Caribbean.
Alfond was born to a Jewish family, the daughter of Dorothy (née Levine) and Harold Alfond. [1] [2] [3] Her father founded the Dexter Shoe Company in 1958 and sold it to Warren Buffett in 1993 for $433 million of Berkshire Hathaway stock. [1]
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