Fashion

Even Wall Street Couldn’t Protect Toms Shoes From Retail’s Storm

Bain Capital bought a 50 percent stake in the hip shoemaker, hoping to build on its success. It didn’t go as planned.

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May 3, 2018 at 4:00 AM EDT

When popular footwear seller Toms Shoes LLC scored a $313 million investment from private equity giant Bain Capital back in 2014, the retailer was poised to grow in a serious way. Valued at more than $600 million, Toms was seen by Wall Street as a rising star.

Then everything went sideways.

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