Chris Burch is known to be the entrepreneur behind some of the world’s leading retail brands. Most notable of these brands are Tory Burch and C. Wonder. He has, however, recently shifted interest into a different sector, that of hospitality. In 2012, alongside renowned hotelier James McBride, Burch purchased a beach hostel in Indonesia on an island called Sumba. After spending about $30 million in renovation, they reopened the place as a new resort known as Nihiwatu three years later.
Just one year after its launch, Travel + Leisure recognized Nihiwatu as the best hotel on the planet. In an interview in 2015, Burch stated that he had invested in the hotel for his children. He also added that he had done so to give back to the community and preserve the same. According to him, Nihiwatu has spawned into more than was anticipated. It offers opportunities to partake in activities that wouldn’t be able to be done in ordinary places. Additional article on businessinsider.com
Nihiwatu comprises 27 villas including Chris Burch’s home, the Raja Mendaka. The Raja Mendaka has the main house and four additional villas. These villas each have a plunge pool. The resort has become the largest employer in the island and contributed to the Sumba Foundation. This foundation aims to fund projects that will benefit the local community. The resort offers surfing, a wellness center, beach spas and traditional antiques. Burch and McBride are looking to expand the business into Nicaragua and Costa Rica.
Chris Burch is an American entrepreneur and Burch Creative Capital CEO and Founder. He is a serial entrepreneur and is involved in different businesses across various sectors. The most popular brand he is involved in is the luxury fashion label, Tony Burch. Other areas that Burch is involved include hospitality, technology, apparel, consumer products, and finance. Burch stated business back in college at Itchica where he co-founded Eagle Eye apparel which he sold after generating $165 million. More to read on bjtonline.com.
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Burch had the role of a board member of Guggenheim Capital and The Continuum Group. His first financial success Eagle Eye apparel spawned into a multi-million business with an initial investment just $2,000. He and his co-founder sold this company to Swire Group after which he invested in Internet Capital Group. Burch was able to find the perfect balance between implementation and innovation. This enabled him always succeed in his investments probably because of his great entrepreneurial brain and understanding of consumers. For Burch timeline activities, Click this crunchbase.com.
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