Billionaire Chris Burch has been quite an expert on fashion brands having started a few himself, and he’s also made quite a fortune in the vacation real estate industry. The magazine Glossy caught up with him recently to find out what he thought about where branding and retail was going. Burch says he believes the wheel will be reinvented soon with how companies market themselves and how they define their products. He expects the customer experience factor will be taken into account with business titles and there will be a new approach to how investors seed companies.
Chris Burch has been investing in brand startups since starting his investment firm Burch Creative Capital in 2008. Prior to that, he was the CEO of Eagle Eye Apparel, a sweaters and casual wear company he had started with a $2,000 investment back when he was a student at Ithaca College in New York. After selling that company, he served on the boards of private equity firms like the Internet Capital Group and Guggenheim Partners. He was also an advisory board member of the Pierre Hotel Co-op.
Chris Burch began going completely into residential real estate investing in the mid-2000s when he started buying homes in Long Island and Nantucket Island and selling them for millions in profits. He also started investing in foreign hotels including a 5-star resort in Buenos Aires, Argentina that Alan Faena led the construction of. There was also a condo community in Miami that Burch bought part of that Faena also owns. In 2013, Chris Burch joined entrepreneur James McBride to buy a hostel on Sumba Island in Indonesia that he turned into a $30 million resort known as Nihiwatu, a place that Travel & Leisure rated as the world’s top vacation destination. Other companies Burch has owned stakes in include the Ellen DeGeneres ED company, Poppin, Voss Water, Pypestream and Jack Rogers, what more news at (Youtube.com).