Category: Investment Industry
Christopher Burch is a well-known entrepreneur who has started successful companies in retail like Tory Burch and C. Wonder; he has set his sites on the hotel and hospitality business. James McBride and Chris Burch bought a joint venture in the form of a beachside hotel located on the island of Sumba in 2012. Sumba is part of Indonesia, and the business partners spent a total of $30 million renovating it. In 2015, Nihiwatu opened its doors to the public. This luxury hotel features 27 private villas, 4 of which have their own, private plunge pool. Mr. Burch bought this hotel initially as a legacy to leave his children, and as a way to give back to the local community. He now splits his time between the Hamptons, Miami, and Nihiwatu in Indonesia. Nihiwatu has already been named the Best Hotel in the World by Travel + Leisure in 2016.
Christopher Burch was born and raised in Pennsylvania as 1 of 10 children. He attended Ithica University and made his first foray into the world of entrepreneurship while he was still in college. Mr. Burch and his brother founded Eagles Eye with just $2,000 and sold sweaters for $15 each that they originally bought for $10 each. Christopher began looking for a factory to expand his sweater selling business, and this operation grew quickly to other campuses and retail stores. Mr. Burch and his brother worked the next 10 years, and Eagles Eye grossed over $140 million in sales. His next venture was helping his wife launch the Tory Burch fashion line in 2004. Hop over to huffingtonpost.com for some interesting articles. Mr. Burch served as co-Chairman of the Tory Burch fashion line until it sold in 2012. At the time of the selling, the company was worth an estimated $3 billion dollars. Check this on businessinsider.com
Mr. Burch made his way into the real estate business in 2004 by partnering with Philippe Stark to help develop Faena Hotel+Universe in Argentina. In 2005 he purchased a luxury home in the Hamptons, renovated it, and sold it four months later for $25 million. His last real estate project was the Nihiwatu Resort in Indonesia. Additional article to read on bjtonline.com.
Christopher Burch has proved time and time again that he has excellent instincts and has honed them over the years. For a must-read interview of Burch, hit on interview.net. He will continue to thrive in this popular market for years to come.
For an in-depth look at Burch profile, visit http://christopherburch.com/