In 2014, he sold a 50% stake in the company to Bain Capital, which valued Toms at $625 million. Mycoskie left Toms in 2019 and that same year it was taken over by its creditors, to whom it owed about $300 million, and his remaining stake was wiped out. Toms is still in business but has since lost its cultural cachet.

Before TOMS, the Texas native started five businesses. Blake's first business was a successful campus laundry service, which he later sold. Between business ventures, Blake competed in the CBS primetime series The Amazing Race with his sister Paige.

TOMS' mission is to use business to improve lives. This core value is embedded in everything we do. We believe in partnering with others who share these values and who conduct business ethically.

Heather LangBlake Mycoskie / Spouse (m. 2012–2020)

One-for-One Impact For every pair of TOMS shoes purchased, a pair of new shoes is given to a child in need in partnership with humanitarian organizations. Save the Children integrates shoe distributions into our larger health, nutrition, and education programs.

Russ Winer: TOMS branding and marketing was very effective because it was one of the first companies that used this buy one, give one kind of philosophy to try to appeal to not only consumers that liked good looking shoes, but also were interested in companies that had some kind of corporate social responsibility angle ...

In 2006, TOMS founder Blake Mycoskie pioneered the One for One® model - giving away one pair of shoes for every pair sold, supporting larger health, education, and community development programs through strategic partnerships. Today we give ⅓ of profits for grassroots good.

Toms transitioned from its initial one-for-one model in 2021 to its more flexible giving plan, where it donates a third of its profits to charitable causes, many of which focus on boosting access to mental health resources.

In 2006, TOMS founder Blake Mycoskie pioneered the One for One® model - giving away one pair of shoes for every pair sold, supporting larger health, education, and community development programs through strategic partnerships. Today we give ⅓ of profits for grassroots good.

Toms launched an “one for one” idea model by using the cause approach, in which the company would donate a pair of shoes for each sale they made to disadvantaged children. This model not only effectively boosts the prestige and sales of Toms shoes but also leaves customers with a positive impression of the Toms brand.

Heather Lang Mycoskie lives in Jackson, Wyoming. He divorced his ex-wife, Heather Lang in 2020. They have one son, Summit, and one daughter, Charlie.

Molly Holm is an unconventional singer and composer who blends jazz, improvisation, and North Indian Raga, reflecting her studies with master vocalist Pandit Pran Nath.