Tuesday, May 29, 2001

Remington man dies




The Associated Press

        STAMFORD, Conn. — Victor K. Kiam II, the entrepreneur known for commercials in which he said he liked Remington shavers so much “I bought the company,” has died. He was 74.

        Kiam, who also once owned the New England Patriots football team, died Sunday of a heart condition at his home, said his son, Victor K. Kiam III.

        In 1992, Kiam sold a large minority stake in the Remington Products Co., and his 51 percent share of the Patriots.

        At the time of his death, Kiam was chairman of Remington's board of directors, and his family owned about 52 percent of the company, according to Hoover's Online, a financial Web site.

        “He was a wonderful man and he'll be missed by many people,” said Remington President and Chief Executive Neil DeFeo. “And he made a difference in American business.”

        Remington, based in Bridgeport, makes electric shavers and other products. Kiam was probably best known for a television commercial touting Remington electric shavers in which he told viewers, “I liked the shaver so much, I bought the company.”

        Kiam bought the New England Patriots in 1988 for $84 million.

       



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