How Toms went from a $625 million company to being taken over by its creditors - Business Insider

Chances are, you once owned a pair of these. That's because

. Mycoskie, who you might recognize from season two of The Amazing Race, was inspired to start the shoe company after a trip to Argentina. The story goes that Mycoskie wanted to help all the kids he saw without shoes. While he was there, a shoe design caught his eye. The Alpargata. Comfortable and affordable, the Alpargata is an everyday shoe for many Argentinians.

seemed unstoppable. slip on shoe design was easy to copy. So, competitors did and they sold them for much cheaper. Skechers even named it's version BOBS and donated two pairs of shoes for every pair sold. All this made consumers question whether shoe donation program had been innovative and interesting when it launched, it became almost mainstream, copied by so many other brands. People also started questioning whether

continue to grow its giving program to be more effective. In 2011, , they only thought of it's original product and program. So, had a 300 million dollar loan due in 2020. Credit rating agencies expected it wouldn't be able to pay up. So, is this the end for future growth and are investing 35 million dollars into the company." Unquote. So,

has to do more of that.But even if

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