Before Chris Burch was a serial entrepreneur, investor, and businessman, he started out as a college student. Chris Burch began his entrepreneurial life with a $2 thousand dollars investment with his brother, Bob, by starting a clothing business. Chris Burch started this venture while he was an undergraduate student at Ithaca College. Eagle’s Eye clothing line, which Chris co-founded with his sibling, was later sold to the Swire Group for an estimated price tag of $60 million dollars.
As founder and CEO of Burch Creative Capital, Chris Busch’s philosophy on investing is an illustration of his values as an entrepreneur. This philosophy reinforces his longterm business vision concerning those new and exciting entrepreneurial opportunities to invest in. Burch has a good understanding of consumer behavior, as it relates to both direct sourcing, and international sourcing. With a career spanning 40 years, Burch has invested in real estate ventures and partnerships with architects like Philippe Stark, and Alan Faena, an Argentinian hotelier.
Burch Creative Capital’s business clients include Poppin, ED by Ellen Degeneres, and the Nihiwatu (Nihi Sumba) hotel and resort, which is located in Indonesia. Burch and his business partner, James McBride, a South-African native and hotelier, went in together to purchase Nihiwatu, or “mortar stone,” in 2012. Burch and McBride acquired the Indonesian hostel from a couple, who hailed from New Jersey, for $30 million.
In 2015, Chris Burch and James McBride reopened Nihiwatu as a five-star resort after a three year redevelopment. The name, Nihiwatu, was recently changed to Nihi Sumba as part of a rebranding. Travel + Leisure labeled the Nihi Sumba hotel as number one for 2016, and 2017, in all categories. This award, which is given by Travel + Leisure on an annual basis, is based on votes from its readers.
As a philanthropist, Chris Burch cares about the local community who live and work at the Nihi Sumba hotel. Burch chose Nihiwatu, because it was a locale that he wanted to preserve, and also give back to the community. He also wanted his family to enjoy Nihiwatu as well. Chris Burch also created The Sumba Foundation, a non-profit that gives a percentage of the Nihiwatu sales proceeds to those locals who work and live on this remote Indonesian island (businessinsider.com).
As for his non-profit work, Chris Burch has been on the board of The Continuum Group, Guggenheim Capital, and Tony Burch.