Most entrepreneurs stick to one industry that they are passionate about. This may focus on making a fantastic product, starting a restaurant chain, or offer a truly stellar service. Then there is Chris Burch who decided to follow his own path. You just may call him a triple threat. He has invested in a plethora of industries including the hospitality industry, fashion industry, consumer products, organic foods, luxury brands, and so much more (burchcreativecapital.com). The fact that Mr. Burch can invest in so many field and be successful is no easy feat, many entrepreneurs not able to accomplish this.
Let’s start from the beginning. Chris Burch studied business at Ithaca College in Ithaca, New York. During that time Chris decided to start a business with his brother Bob. It was a fashion brand called Eagle’s Eye Apparel. The brothers invested $2,000, lots of hard work, and their business smarts to build the company to a $165 million dollar brand. That is pretty incredible being it was Chris Burch’s first business. He also invested and helped build over 50 companies rise to success and are well recognized now (http://www.bjtonline.com/business-jet-news/billionaire-chris-burch). Some of these brands are Tory Burch, Voss Water, Cocoon9, Brad’s Raw Foods, Poppin and TRADEMARK, Little Duck Organics, and so many more.
One of latest passion projects is called Nihiwatu, a five-star resort located on Sumba, the beautiful Indonesian island. No details was left out when it came to designing this ultra luxurious resort. Mr. Burch partnered up with famous hotelier James McBride who also happens to be his good friend. They took the modest hostel with the help of $30 million dollars and turned it into what Travel + Leisure calls the best hotel in the world. Mr. Burch initially invested in the surfer’s paradise hostel for his children and the island, but with time it turned into something more.
Chris owns a private villa in the resort called Raja Mendaka which has 4 additional villas with plunge pools. His personal villa is also available guests upon request. Beyond his private home there are 27 villas in Nihiwatu. The luxury resort is lavishly designed with Ikat prints, artifacts, and antiques from the local culture of the Sumbanese people. Chris Burch also wanted to give back to the community. Not only are they the largest employer on the island, but they donate some of their profits to the Sumba Foundation. This amazing foundation helps financially aid projects around the island that need to get done. More on businessinsider.com.
Recently the entrepreneur Chris Burch made a change with this credit card financing. He switched his financing to J.P. Morgan Chase & Co’s Sapphire Reserve card. This move ends his relationship with American Express who he has been a customer of since 1979. By switching to another company, Burch will look to get credit card financing that is more favorable for him and his needs. American Express has been experiencing some hardship in recent years as many customers have looked to move on to other credit card companies for their credit line needs. The company has had some difficulty retaining a number of customers and will look to get them back in the near future. In order to reach this goal, American Express has named a new CEO Stephen Squeri to help address this issue in the near future.
Former CEO of American Express Kenneth Chenault admitted that the company was in a difficult situation as the company was becoming less competitive among credit card financing companies. With the emergence of banks and fintech firms such as PayPal, American Express is experiencing setbacks where they are unable to offer enough incentives to satisfy customers. This factor has caused a lot of concern among investors who believe that this recent phase of difficulty will impact the company’s stock value in a negative way. Analysts have also said that the company will face a number of challenges in terms of getting back and retaining a majority of its customers. Additional article on architecturaldigest.com.
Chris Burch is a well known entrepreneur who has built a number of successful businesses. He is currently the CEO and founder of the company known as Burch Creative Capital. His company specializes in managing venture investment projects as well as developing a number of different brands for companies. The company his based in New York City and has been one of the main entities that has enabled Burch to build much of his wealth. Click on burchcreativecapital.com to read more about his diversified business investments.
He is also the co founder of a fashion company called Tory Burch LLC. In 2012, Chris was recognized by Forbes magazine as one of the worlds billionaires. Check this for a glimpse to one of his awesome investment.
During his career as an entrepreneur, Chris has founded companies in the fashion and real estate industries. His first company was in fashion where he would make and sell sweaters. Burch built this company into an entity that would open up 50 retail locations as well as earning over $140 million in sales. Hit on inc.com to read about his latest cool offering to the market.
Burch would also start a real estate company where he would invest in properties throughout the United States and the rest of the world. Along with investing in real estate, Chris would also invest in companies in the telecommunications and technology industries.
Read about his follow on investments visit https://www.prnewswire.com/news-releases/burch-creative-capital-announces-new-and-follow-on-investments-to-founder-chris-burchs-portfolio-300389216.html