Why Don’t People Want TOMS Anymore?

One decade ago, TOMS was stepping toward world domination. The footwear brand was known for its distinct espadrilles and its “<a href="https://theurgetohelp.com/articles/buy-one-give-one-what-toms-shoes-tells-us-about-the-wests-urge-to-help-africa/" rel="noopener ugc nofollow" target="_blank">buy one, give one</a>” model. Each time someone bought a pair of shoes, another pair was donated to a child in need. <img alt="An ad for TOMS claiming the style is basic but the mission is extraordinary. With a row of TOMS espadrilles." src="https://miro.medium.com/v2/resize:fit:700/1*Uo-kDRFr7PPPWpJhXxA_cg.jpeg" style="height:333px; width:700px" /> In the early 2010s, wearing TOMS was a statement that meant that you were fashionable and philanthropic. The brand was valued at <a href="https://www.businessinsider.com/rise-and-fall-of-toms-shoes-blake-mycoskie-bain-capital-2020-3" rel="noopener ugc nofollow" target="_blank">$625 million</a> in 2014, but by 2019, creditors took over the company. The company had a $300 million loan due in 2020, and it wasn’t expected to be able to pay it off. <a href="https://beausoleil.medium.com/why-dont-people-want-toms-anymore-1cf1c58291cc">Click Here</a>