Fashion
Toms sells stake to Bain Capital to “accelerate growth”
Toms, the canvas shoe company that operates a One-for-One policy to give shoes to children in need, has agreed to sell a 50 percent stake in its business to private investment firm Bain Capital. The deal will see Toms founder Blake Mycoskie continuing as the “visionary of the company”and remaining the 50 percent owner of Toms. The shoemaker...
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