Chris Burch: Towards Socially Responsible Entrepreneurship

Chris Burch has joined the league of the few entrepreneurs who have successfully balanced their profit making interests and the interests and welfare of the local communities his business is located. In 2012, the serial investor partnered with James McBride in a project Sumba Island in Indonesia. The primary objective of the project was to renovate a hostel they had purchased and transform it into unique and modern hotel with a contemporary yet sleek touch. This they had to do while also giving back to the local community. In 2015, the duo opened the newly renovated hotel and welcomed the world to their new haven of relaxation and fun. The…
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Nihiwatu Marks Chris Burch’s Entry to the Hospitality Industry

Chris Burch is a renowned real estate, fashion, and technology investor. He is associated with some of the most reputed brands in the world including Tory Burch and C. Wonder. After investing in all these industries, the entrepreneur decided to diversify into the hospitality sector. In collaboration with James McBride, Burch bought a beach hostel located on the Sumba Island of Indonesia in 2012. After a two-year renovation exercise that cost $30 million, the duo reopened the hotel in 2015. The hotel was named as Nihiwatu and was opened as a five-star resort. Just a year after its opening, Nihiwatu was honored as the best hotel in the world by…
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