Kyle Westaway
author @prof_purpose / writer @guardian @wsj @qz / attorney @westawaylaw
Bain’s 50% stake in Toms shoes shows faith in socially-minded business
Originally posted in The Guardian.The ethical shoe company is valued at $625m despite selling a relatively dull product and giving half its stock away – does Bain’s investment recognise that purpose can drive profits? What is the key to profit for the next generation of consumers? Bain Capital thinks it is purpose. Last week, the private equity firm took a 50% stake in Toms, a socially-conscious footwear company valued at $625m (£377m).Kyle Westaway4 min read