Chris Burch is the founder of numerous retail brands including Tory Burch and C. Wonder. He now has his eye on hospitality which is a new industry for him. Mr. Burch and the hotelier James McBride purchased a gorgeous beach hostel in 2012. The hostel is located on an Indonesian island called Sumba and the pair has spent $30 million on renovations. The five-star resort opened in 2015 and is called Nihiwatu. Related article on businessinsider.com
Travel + Leisure voted Nihiwatu as 2016’s best hotel. Chris Burch granted a 2015 interview with Business Jet Traveler and told them he purchased the hotel because of his children. He wanted them to be included in something that could be preserved and show them how to give something back to the community. Check bjtonline.com for this interview. He feels the incredible beauty of Nihiwatu has enabled him to make accomplishments that would be nearly impossible anywhere else. He had a spa built beneath a stunning waterfall, has seen places no other individuals have ever set foot and placed a butler in every room. He is delighted with the way Nihiwatu has turned out and pleased because he says this is a rarity.
The Wall Street Journal says Chris Burch spends part of his time in the Hamptons, part in Miami and the rest in his luxurious resort in Indonesia. Nihiwatu consists of 27 private villas including Chris Burch’s private home which is called Raja Mendaka. The section he resides in includes the main house along with four additional villas. Each villa is equipped with a private plunge pool.
Burch Creative Capital was founded by Chris Burch and he remains the company’s CEO. For the past forty years he has been an investor and entrepreneur in multiple industries. His contributions positively affected the technology and luxury brands of Poppin, Voss water, Jawbone and the Faena Hotel + Universe. For an overview of Burch investment portfolio, click on burchcreativecapital.com. He served on the board for The Continuum Group and Guggenheim Capital.
Chris Burch began his successful entrepreneurial career in 1976 while studying at Ithica College. He started a company he called Eagle’s Eye apparel with his brother Bob and an investment of $2,000. Once the company’s worth hit $165 million they sold it to the Swire Group. Mr. Burch then became one of the first to invest in the Internet Capital Group whose IPO story became well known in the Internet space. Chris Burch’s success is based on his experience, intuitive understanding of consumers, his intelligence and his ability to understand the fundamentals of innovation and implementation. For updates on Burch timeline activities, hop over to crunchbase.com.
To read more about Burch, hit http://www.forbes.com/profile/christopher-burch/