Daymond John needs to look no further than his own life for motivational material. His story is a classic American up-by-the-bootstraps saga.
aymond John was about to hit the spotlight at Harlem’s Apollo Theater when he stopped, bowed his head and closed his eyes. “I take a good portion of my day to pray, and I say an extra prayer when I go onstage,” John toldJohn, wearing a black leather jacket and a tie, blue jeans and his trademark diamond earrings, walked onto the Apollo stage to enthusiastic applause. It was the start of his second annual Black Entrepreneurs Day in October.
More than two dozen banks turned down FUBU’s loan requests. John worked waiting tables at Red Lobster to get by. Eventually, John’s mother, with whom he lived, took out a $100,000 second mortgage to finance the company. FUBU has since rung up $6 billion in worldwide sales, according to John. Like many fashion brands, it was hot and then it was not. Keith Perrin, one of the cofounders, blames over-saturation in key markets. “We tried to get as much money as we can and do as much as we can, as fast as we can,” he said. That contributed to a buildup of “about $22 million” of excess inventory, he added, that FUBU donated to homeless shelters. “We wanted to... give them out to people who need it,” Perrin said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
John Goodman on His ‘SNL’ Audition: “The Worst Thing I’ve Ever Done in Front of People”'The Righteous Gemstones' star also spoke about a head injury he sustained while doing a stunt for the HBO comedy's season two premiere during his visit to 'The Tonight Show.'
Read more »
Star Trek: John de Lancie Talks Q Being More Mature in Picard Season 2StarTrekPicard season 2 will feature a more mature Q, says actor John de Lancie: 'It is different and it’s intended to be a little different.'
Read more »
John Barrowman strips off in Las Vegas as Dancing on Ice kicks off without himFormer Torchwood actor John Barrowman will not be sitting on the Dancing on Ice panel this year, and is enjoying the sunshine in America instead
Read more »
John Cena Laments Losing His Peacemaker Helmet to Jimmy Fallon: 'A Sucker's Bet'JohnCena laments losing the Peacemaker helmet in a 'sucker's bet' with Jimmy Fallon on The Tonight Show: 'I went in overconfident...I blame it on the Peacemaker outfit.'
Read more »
John Cena's Peacemaker Dropped 104 F-Bombs in the 3-Episode PremiereJohn Cena's Peacemaker dropped a whopping 104 F-bombs throughout the three-episode premiere of the show on HBO Max.
Read more »
Peacemaker Fan Poster Makes Perfect John Cena JokeA new fan poster for Peacemaker contains a throwback to JohnCena's wrestling career. You can't see me...
Read more »