Newman Enterprises (formerly Newman/Locke) was a company founded by Victor Newman, after he left Chancellor Industries. The corporation was a worldwide conglomerate with three main divisions, including Newman Cosmetics, a real estate division, and a venture capital division.
When Sharon Newman assumed control of Newman Enterprises, she crashed the company, forcing Victor sell off shares of the company. Jack Abbott bought most of the shares and assumed control of the company, but he was eventually forced to give it up and left Adam Newman in charge. Adam and Victor formed a partnership and, with Jack's help anonymously, brought back all of the shares, and Newman Enterprises was once again privately owned. Katherine Chancellor left her company to Victor in her will and he merged them both, creating Newman-Chancellor. Victor was forced to sell Chancellor to Jill Abbott in 2015.
In 2016, Victor Newman was voted out as CEO from a vote from the board of directors. In July 2016, after his release from prison, Victor Newman returned to his occupation as Chairman of the Board of Directors and reclaimed the position of CEO, ousting his daughter from it quickly.
In January 2017, Victor stepped down as CEO and his daughter, Abby Newman became the New CEO that Victor is mentoring to take over the company for him someday.