Toms went from being valued at $625 million to having massive debt. Blake Mycoskie started the company to help people with its “One for One” donation model. However, Toms had trouble growing beyond its original product and branding.
MORE RISE AND FALL:
The Rise And Fall Of Harley-Davidson
The Rise And Fall Of Hummer
The Rise And Fall Of Cadillac
#Toms #Retail #BusinessInsider
Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Visit us at: https://www.businessinsider.com
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF
BI on Amazon Prime: http://read.bi/PrimeVideo
The Rise And Fall Of Toms