Toms Shoes: Headed for $600 Million Sale?!
Posted Monday June 16, 2014 4:25 PM GMT
With the increasing popularity of philanthropic businesses, Toms Shoes is preparing to go on the market, so to speak.
Founder Blake Mycoskie has hired a team of financial experts to begin the process of valuation and determining the best way to sell the thriving brand.
Insiders are already speculating that Toms could sell for upwards of $600 million, though everything is currently up in the air.
Last year, Toms brought in $250 in sales so it’s safe to say they’ll see plenty of interest when the company is finally up for sale.