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TOMS founder sells 50% to private equity firm

22/08/2014
TOMS founder sells 50% to private equity firm

The founder of footwear brand TOMS has sold a 50% share to private equity firm Bain Capital to help the company grow and offer more products.

Blake Mycoskie founded the company – which donates a pair of shoes to a children in need for every pair sold – after a visit to Argentina in his late 20s.

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