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Raking In The Dough: Randal Nardone

Randal Nardone is a man who switched from one profession to the next with a seamless transition. He has made his career out of doing things and doing them well time in and time out. He went to the Univesity of Connecticut and earned a Bachelor’s Degree in English. After that, he went to Boston University School of Law and earned a Doctor of Jurisprudence. Things were going well until another field caught his attention. In 1998 he was one of the co-founders of a company called Fortress with Wes Edens and Peter Briger. The investment bug hit him and he has been loving his work ever since. Read more at Wikipedia.

Randal Nardone has had many jobs over the years at Fortress and still works there today. When he first started at Fortress Randal Nardone was part of the Management Committee. He had had several years of experience in that particular area because he previously worked at other firms like UBS and Blackrock Financial. Helping manage things at a company is right up his alley.

Now he was looking for a new challenge at Fortress. He became an interim CEO for two years and was hired as the full-time CEO in 2016. He holds that position today even though Fortress was bought by Softbank and he dedicated to his consumer base.

He has also been able to make a little bit of money in the process too. According to the latest list at Forbes Magazine, Randal Nardone is number five hundred fifty- seven.

Working at Fortress is not the only thing he does. He works at other financial companies too like Springleaf Financial Holdings and Newcastle Investment Holdings. This is one of the busiest men in the financial sector and he loves every minute of it. That is the way he likes it to be.

Randal Nardone is proof positive that some can start a totally different career and make a big success of it as well. Once he got into the business he doesn’t want to leave. His success is nothing new for him and he is raking in the dough at the same time.

Source: https://www.bizjournals.com/newyork/potmsearch/detail/submission/6455307/Randal_Nardone

 



Brand Royalty is Diminishing: Chris Burchs Take on Matters Fashion and Luxury

Chris Burch is an entrepreneur who has invested heavily in a consumer brand that is estimated to be worth $1 billion. In 2004, he co-founded Tory Burch with his ex-wife Tory. After a nasty divorce, Burch sold his shares in the company. He also sold C. Wonder. Afterward, he started investing in a range of companies in the fashion industry and currently, he owns 55% stake in Solid and Stripped, 40% stake in Staud, 40% stake in ED, 10% stake in Chubbies, 10% stake in BaubleBar and others.

The New York City-based businessman’s portfolio consists of companies in the travel, health and wellness sectors. He plays a role in the management of the companies; magnitude of the roles varies with each company. In an interview, he talked about copycat brands as well as his new investments.

 

Brand is going away

The investor said that brands are headed to the rocks. Digital marketing is at its peak along with influencer marketing. Brand royalty is diminishing with time. According to Chris Burch, as much as people are stuck with huge brands, they are still satisfied with Zara and it is a matter of time before brand goes away.

 

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Sparkling or still?

A post shared by Chris Burch (@jchristopherburch) on

 

Promising markets and emerging trends

Chris Burch gives an example of his resort, Nihiwatu, and points out that the success of the resorts is as a result of provision of great experience to customers. He emphasizes on the importance of experience. The new luxuries that people love include travel, nature as well as experiences, get info on (Huffingtonpost.com).

 

Investing in beauty and wellness

The businessman spends a lot of time thinking about doing something worthwhile for women. He has ventured into skin-care business and he is a partner in Elite Body Sculpture. He is also involved in development of a diet pill, made from natural herbs, and the pill is currently undergoing testing in China, read more details on prnewswire.com.

 

Handling many roles in existing companies while making new investments

Chris Burch’s intense ability helps him to multitask and handle many things at ago. He is also impulsive and he never takes time to make decisions.

 




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