Shoemaker Toms up for sale

By Staff | June 11, 2014 | Last updated on June 11, 2014
1 min read

Footwear brand Toms is up for sale and buys could pay up to $600 million, reports the Financial Times.

The Los Angeles company donates a pair of its canvas shoes every time it sells a set, and it was founded in 2006. Since then, other companies have taken up its one-for-one model.

Read: 5 tips for clients with new businesses

The sale is still in the preliminary stages, and FT says it’s not certain the deal will go through.

Toms has sold more than 10 million pairs of shoes and had an estimated US$250 million in revenue last year. The company is also in the process of moving production of its shoes to the countries it donations to in order to create jobs.

Read more here.

Also read:

How business owners view money, retirement

Unite business and personal goals to retire well staff


The staff of have been covering news for financial advisors since 1998.