Chris Burch became a billionaire in 2012 and has continued to baffle the world with his brainy investment strategies. He is the CEO and the Founder of Burch Creative Capital. The company is based in New York, and it focuses on management of venture investments and brand developments. Apart from Burn Creative Capital, Chris is a Co-founder of Tory Burch, LLC and a member of the Guggenheim Partners.
Christopher’s History And Career Journey
Chris was born in 1958 and was raised in a middle-class family based in Wayne. His father, John Walter Burch, was a distributor of mining equipment and supplies, and the young Chris learned much about entrepreneurship through his father’s business. Chris attended Ithaca College. In 1976, while still an undergraduate student, Chris teamed up with his brother, Robert, and started Eagle’s Eye Apparel. The two brothers used to buy sweaters at $10 each and sell them at $15. The company grew from strength to strength and took advantage of the growing demand. Noting the market opportunity, Chris decided to find a factory to produce many sweaters and started selling them to the university students.
Eagle’s Eye Apparel eventually expanded to other colleges and became a giant in the fashion industry. The company garnered more than $140 in sales and became a national distribution footprint with more than fifty retail stores. The company’s unending triumphs attracted many bids, and it was later sold to Swire Group in 1998 in a deal that valued the fashion brand at $60 million. More to read on bjtonline.com.
Christopher’s entrepreneurship journey did not end there. In 2004, Chris partnered with his then wife and started Tory Burch. Interesting article to read here. The company became an instant hit, and most of its inventory was sold out on the first day. Chris was now unstoppable and became a force no one in the fashion industry could ignore. He impressed many with his fashion tastes, including Oprah Winfrey. Christopher sold half of his shares in 2012 when the company was estimated to be worth $3 billion. A must-read article on ceocfointerviews.com.
Burch Creative Capital And Other Ventures
Chris established Burch Creative Capital in 2008. The company was started to incubate Christopher’s new brands. Burch Creative Capital has managed many brands, including C. Wonder, which was sold to Xcel Brands in 2015. Check burchcreativecapital.com. Apart from fashion, Burch also has a keen interest in real estate development. In 2004, Chris teamed up with Philippe Stark and Alan Faena to establish the famous Faena Hotel+Universe in Buenos, Aires. Today, Chris buys luxury homes, renovates them and then puts them back on the market.
Additional reading on this useful site http://www.businessinsider.com/chris-burchs-nihiwatu-resort-is-the-best-hotel-in-the-world-2017-3/#nicknamed-the-edge-of-wilderness-nihiwatu-is-on-the-west-coast-of-sumba-a-remote-indonesian-island-1