Footwear manufacturer and retailer
Founded in 2006 by Blake Mycoskie with a commitment to donating one free product to a child in need for each sold product in the 'One to One' program, starting with shoes then eyewear and coffee. Bain Capital LLC acquired 50% of the company in a leveraged buy out in October 2014 with Blake Mycoskie retaining the other 50%. Then in Dec 2019 a group of creditors led by Jeffries Financial Group Inc, Nexus Capital Management LP and Brookfield Asset Management Inc, took over ownership. Their shoes are made in China, Ethiopia and Argentina.
|TOMS Shoes, LLC||USA||website|
|TOMS Shoes, LLC|
Certified B Corporations use the power of business to solve social and environmental problems. B Corps meet comprehensive and transparent social and environmental performance standards; meet higher legal accountability standards; and build business constituency for good business.
Source: B Corporation (2019)
The Apparel and Footwear Supply Chain Transparency Pledge (Transparency Pledge) helps demonstrate apparel and footwear companies' commitment towards greater transparency in their manufacturing supply chain. Transparency of a company's manufacturing supply chain better enables a company to collaborate with civil society in identifying, assessing, and avoiding actual or potential adverse human rights impacts. This is a critical step that strengthens a company's human rights due diligence. This company is fully aligned with the Transparency Pledge, thereby committing to regularly publish on its website a list naming all sites that manufacture its products.
Source: Transparency Pledge (2019)
This company's 'Buy one, give one' model has been criticised as it does nothing to treat root cause of poverty and could reduce demand for locally made products. TOMS shoes often turn up for sale in markets in the countries where they are donated.
Source: Slate (2013)
In 2016 PETA awarded this company its Compassionate Business Award for their ever-expanding selection of cruelty-free merchandise.
Source: PETA (2016)
This company has a number of corporate responsibility claims on its website, with a focus on the environmental and social impacts of their products and operations, responsible giving and employee life.
Source: company website (2016)
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: Modern Slavery Registry (2016)
|Revenue||392 million USD (2015)|
|Address||Los Angeles, California, USA|