Later in 2012, Christopher Burch sold much of his 28.3 percent stake he had in his ex-wife’s fashion brand known as Rory Burch. The stake sold cost 650 million dollars. This made Chris join the list of billionaires on Forbes in the year 2013. Once he sold his share, he was finally able to eradicate lawsuits filed against him and claims which had started to threaten the future of his brand. They had divorced back in the year 2006, but effects of this started to be seen in 2011, check this on huffingtonpost.com. This is the same year Chris had introduced C. Wonder that was dealing with clothing and gift chains resembling Tory’s brand. He sold his products at a lower cost, unlike Tory.
After a while of trouble, they were able to solve their differences, and they settled late in 2012 the same time Chris was selling his stake. However, he was left with a small stake in the business. On February 2013, he sold a stake of 10 percent of his company C. Wonder to fidelity investments. Fidelity paid him 35 million dollars to acquire this stake. He has maintained a majority of the stake to date and has billionaire Len Blavatnik as an investor. Chris has indicated that he wants to push his company beyond borders to the international market. He intends to open more than 300 stores allover the globe in a period of three years. For more reading, click this.
The man has lots of interests when it comes to investing in firms with potential. He has so far invested in office supply firm popping, manufacturers of phone gadgets known as Aliph that own the Bluetooth handset Jawbone, wireless charging Powermat among other things. His daughters Alexandra and Louisa have joined the family business and have already launched fashion lines. The future for them is bright considering that they have both their parents to coach them on how they will go about the business owing to their experience. Related article on Bloomberg.com.
Go straight to this important link.
Touching on a different thing, Burch was raised in Pennsylvania. Christopher Burch has in the past admitted how poor he was in school. He used to be last in his elementary school because he found it difficult to concentrate and read. The teachers used to tell his parents how Burch was always absent minded while in class and this would break his future. Now that we are living in the future, we all know it did not break him. Probably the reason he was always absent minded was that he was thinking about how to start his empire which he already has.
Equities First Holding provides stock-based lending services for individuals, businesses, and investors. The company was founded in 2002 and has its headquarters in Indianapolis, Indiana. Since its inception, the firm has grown to become a global leader in offering alternative shareholder financing solutions. It provides margin loans and stock-based loans to individuals who cannot meet the tightened banks’ borrowing criteria, especially during harsh economic climates.
During times of economic crises, banks and other lending institutions tighten their lending requirements as well as increasing interest rates. This has always been a strategy by most banks to limit the number of low-income individuals from accessing the loans. Since economic fluctuations are a common phenomenon in the current world, Equities First Holding has come up with a solution to help out individuals struggling at these difficult times.
Since it is undeniable that the country has not fully recovered from the 2008 financial crisis, using stocks to get money is the next frontier. Equities First Holding has been recognized as one of the firms helping many Americans during harsh economic conditions. The company gives first working capital to anybody willing to use their stocks as collateral. Use of assets as collateral is quickly gaining ground as one of the innovative ways of securing fast working capital, and, therefore, a reason to work with Equities First Holding. Over time the company has seen an increase in the number of people disengaging their stocks to get margin loans.
In stock-based loans, a non-recourse feature is used. This kind of a debt uses assets as collateral allowing the borrower to disengage with the lender. The lender can then liquidate the stocks to get fast working money. For the last couple of years, Equities First Holding has issued $ 2 billion-worth of stock-based loans in over 2000 transactions. The founder and president of equities First Holding welcome any borrower seeking first fast working capital and don’t qualify for bank loans.
http://www.commdiginews.com/uncategorized/stock-loans-a-different-option-for-financing-13121 for more.
Venezuelan banker David Osio may be best known for founding the Davos Financial Group, the first business in Venezuela set up to provide financial advice for a select clientele, but Osio also has a long history of promoting corporate social responsibility. Working with a wide array of not-for-profit organizations dedicated to bringing art and culture to underprivileged communities, Osio has achieved various international awards and has been recognized as one of the leading promoters of corporate social responsibility on a worldwide level.
Supporting the Arts
One of the most recognizable foundations Osia has supported is the Miami Symphony Orchestra, where he served on the board. Osia has also been a prominent supported of Wayuu Taya and supported the Saludarte Foundation’s exhibition of artist Carlos Cruz Diez. He has continued to support international foundations such as the Children’s Orthopedic Foundation where he sponsors the annual EPK event. Other organizations Osia supports are the UMA Foundation and the Fundana Foundation, among many others.
Awards and Recognition
Both Osio and the Davis Financial Group have been recognized for contributing to the community, achieving multiple international awards such as the prestigious Medal of Honor of the United States Congress, was named among the South Florida Business Leaders 2009 list, was listed on Movers and Shakers 2009 business leaders of South Florida, named Best Offshore Corporate Service Provider by New Europe magazine, and as a 2014 Miami Award Winner in the consulting firm category, which honors and provides public recognition for achievements and positive contributions of companies and organizations within the Miami community.
Any business that Osio has been involved with has been recognized as contributing to their respective communities, making David Osio one of today’s leading promoters of corporate social responsibility.
An Accomplished Career
Before founding the Davos Financial Group, Osio was a graduate of leading Venezuelan institution the Catholic University Andres Bello. Beginning his career in 1981 as President and CEO of coffee exporter OPED Enterprise, he also held an executive position in LETCO Commercial Companies where he structured marketing programs for industrial products in the United States. Joining the law firm MGO in 1984, he started his involvement in banking law. During his time at this firm he was in charge of corporate clients such as Ferro Corporation and Consolidated Bank. Osio attained a leading position in the Private Banking Division of Banco Latino International (BLI) in Miami, and was promoted to Vice President of Banking Commercial after two years.
As Davis Financial Group founder, David Osio has solidified his position as one of the world’s top bankers and has continued his dedication to serving the community through promotion of corporate responsibility.
Follow his blog