Chris Burch Fashion Mogul’s, 5 Star Resort
Christopher Burch is the founder of Burch Creative Capital, he is the CEO of the company. Burch is also a co-founder of the luxury fashion brand Tory Burch. Burch seems steadfast in his personal vision and values, he believes firmly in creativity, imagination, incubation, support, and scale. He believes this will lead to successful brands and business’ that will positively affect the consumer.
Burch has had a 40-year career as an investor and entrepreneur. His investment career began in 1976, while he was still an undergrad at Ithica College. In the span of that time, he has been involved in the start-up of over 50 companies. More to read on bjtonline.com.
Burch Creative Capital has a very diverse investment portfolio. The different brands that they are involved in range from retail, home furnishings and apparel, to hospitality, organic foods, and technology.
Nihi Sumba Island is a luxury island resort located in Indonesia. Christopher Burch, along with James McBride, a hotelier, bought what was a beach hostel in 2012. It cost the pair over $30 million to renovate their purchase and make it into a five-star resort. The renovations were finished and the resort was re-opened in 2015. For more about the resort, check on businessinsider.com.
In 2017, Nihi Sumba Island was voted the best hotel in the world for the second year in a row by Travel+ Leisure . Burch said he bought the island for his children, he wanted it to be a piece of something they could preserve and give back to the community. Nihi includes 27 private villas, one of which is Burch’s private home called Raja Mendaka. The Wall Street Journal reports that Burch splits his time between Raja Mendaka, the Hamptons, and Miami. Related article on architecturaldigest.com.
Nihi, since its opening, has become the largest local employer on the island. They also donate a portion of the profits to the Sumba Foundation. The Foundation funds projects targeted at helping the local community on the Island. The resort also contains traditional Sumbanese antiques, local wood, Ikat prints featured throughout.
Burch and McBride are looking to the future. The pair would like to eventually build resorts in Costa Rica and Nicaragua. They want to appeal and become easily accessible to the millennial traveler. For his new and follow on investments, hop over to this.
Read an entrepreneur’s views on business-related matters, visit https://www.entrepreneur.com/article/222766