Chris Burch is a man of means. The serial entrepreneur has a longstanding career in business. For over 40 years, Chris has continuously come up with disruptive brands which have enabled him to create a lot of wealth and experience in the corporate world. In the year 2012, Chris Burch was ranked among the high-net-worth individuals of billion-dollar status by Forbes. Currently, Chris Burch Serves as the CEO of Burch Creative Capital, a company he founded. He is also the name behind retail fashion names such as Tory Burch.
So how did Chris Burch rise to fame? Chris worked his way to the top. The businessman was born in the year 1953 in a middle-income family of ten children. Chris knew that he had to work to become successful. He was never shy of humble beginnings in business.
When he was studying at Ithaca College, he began his career in the fashion industry. Chris decided to partner with his brother to establish a venture that saw the two purchase sweaters and then resell them to their peers in college. This business cost the $2,000 in startup capital. Eagle Eye was their trading name, and for each successful sale of a sweater, they made a profit of $5. Over time, the two entrepreneurs recorded impressive growth in the business that saw them expand operations to nearby colleges and later retail stores. Related article on huffingtonpost.com.
In the year 2012, Chris Burch decided to try his hand in the hospitality sector. Chris together with a friend called James McBride who is an hotelier by profession bought Nihiwatu resort which is built on Sumba Island in Indonesia. Their first activity was refurbishing the hotel and making it unique so that it could attract tourists.
Nihiwatu Resort provides an authentic and unique experience to its customers. With natural features such as sandy beaches and waterfalls, the hotel stands out as a leader in the Indonesia hospitality sector.
One of the reasons as to why the Nihiwatu Resort is special to Chris Burch is because the hotel has had an impact on the communities living on Sumba island. The business stands out as one of the biggest private employers in the isle. A good percentage of profits from the resort go towards funding community projects on the island. More of this on businessinsider.com.
Chris Burch hopes that Nihiwatu resort could be preserved as a business for his children and at the same time contribute towards bettering the lives of people in Indonesia. Click on mashable.com to read an important interview with Burch.
Additional article on https://www.wsj.com/articles/tory-burch-co-founder-buys-miami-beach-tear-down-1489588776
Capital Group is one of the world’s largest investment management firms. In the Summer of 2015, the Board of Directors of Capital Group named Timothy D. Armour as their new Chairman and Chief Executive Officer. Previously, Tim Armour was the Chairman of Capital Group’s management committee. He was also involved in the Capital Research and Management Company.
Tim Armour is currently based out of Los Angeles, CA. He received his bachelor’s degree in economics from Middlebury College. Amour has 34 years of investment experience with Capital Group. He stared his career with Capital as a participant in the Associates Program. He then quickly moved on to an equity investment analyst. He specialized in global telecommunications and U.S service companies. He was also an equity portfolio manager before moving on to higher management positions. Tim currently serves on many management and research committees along with his duties as chairman and CEO.
Tim is currently collaborating with other senior members of the company’s management committee to establish, communicate, and implement the Capital Group’s overall business strategy. This change in leadership was always in the works, but was solidified with the death of former Chairman Jim Rothenberg.
Armour really admired his former boss and appreciated his strong leadership style. He looks forward to collectively achieve the mission of the company and provide the best service to their clients. Capital Group has over 7600 associates and has been in business for 84 years. They have a commitment to their investors and the advisors got serve them.