Sunday, August 31, 2014

Tom's Hooks Up with Bain to Accelerate Growth

Toms, the company that turned the idea of One for One into a global movement, signed with investment firm Bain Capital to accelerate growth of the company and its giving programs. Founder Blake Mycoskie continues as company visionary and retains 50% ownership. Founded eight years ago, it began as a shoe company that matched every pair of shoes purchased with a pair of new shoes given to a child in need – One for One. Since then, Toms' giving has grown to serve other basic needs. Its Eyewear gives sight to a person in need with every pair of eyewear purchased, and Its Roasting Co. gives one week of clean water to a person in need for every bag of coffee purchased. To date, TOMS has given over 25 million new pairs of shoes to children in need and helped restore sight to more than 250,000 people. Read more.

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