Following his successful ventures into international retail brands, Chris Burch now has his hands in the hospitality industry. Burch is no stranger to retail branding as he’s founded and co-founded several of them. C. Wonder and Tory Burch are just two of the renowned brands.
In 2012, Burch decided to tackle hospitality. Along with James McBride, Burch purchased a beach hostel in Sumba, which is an Indonesian island. The two spent $30 million in renovations. They opened up the hostel in 2015 as a five-star resort under the Nihiwatu name. Burch explained to Business Jet Traveler that his goal was to support the community. He hopes to do that by having his children preserve the resort. The following year, Travel + Leisure named Nihiwatu the best hotel in the world. Check businessinsider.com for more reading.
Burch is the founder of Burch Creative Capital. He also maintains the role of CEO with the firm. Burch certainly isn’t new when it comes to entrepreneurship and investment. He has over 40 years of experience. Back in 1976, he invested $2,000 to start Eagle’s Eye apparel along with his brother Bob. Burch had his first taste of success, as the company managed to reach $165 million before being sold to Swire Group. To know his latest innovative product in the market, hit inc.com.
Part of why Burch has had success with international brands is his sense of how consumers respond and where they are likely to show interest. The experience factor also comes into play, as Burch knows how to reach a consumer base as well as retain a sizable portion of that group. For his views on things around his area of focus, click on this.
More of his entrepreneurial views on https://www.entrepreneur.com/article/222766