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Toms (stylized as TOMS) is a for-profit company [3] [4] [5] based in Los Angeles, California. [6] Founded in 2006 by Blake Mycoskie , an entrepreneur from Arlington , Texas , [ 7 ] [ 8 ] [ 9 ] the company designs and markets shoes as well as eyewear, coffee, apparel and handbags.
Toms Roasting Co. will donate a week of water to people in need in supplier countries for every bag of coffee sold. In 2014, Mycoskie announced that Toms would launch an additional "one for one" product every year. [28] [29] In August 2014, Mycoskie sold 50% of Toms to Bain Capital, retaining his role as Chief Shoe Giver. In a company press ...
After Blake Mycoskie founded Toms in 2006, he quickly rose to entrepreneurial stardom. Known for its buy-one give-one model, the slip-on shoe brand became a staple of comfort for the young and the ...
The founder of renowned buy-one-give-one shoes company Toms, Blake Mycoskie, grappled with depression and loneliness amid his company’s major successes.
Credit ratings agencies had warned that TOMS, which is known for its charitable giving, would not have been able to repay a $300 million loan due next year without renegotiating it with its creditors.
In 2013, the company made its third consecutive appearance on Fortune ' s Fastest-Growing Companies list. [23] In December 2013, founder Chip Wilson announced his resignation as chairman, and that the president of TOMS Shoes, Laurent Potdevin, would become CEO. [28] In 2018, Calvin McDonald became CEO of Lululemon Athletica. [29]
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