After Sale to Bain, TOMS Chief Wants to Expand Global Reach

Blake Mycoskie built TOMS into a darling of the retail industry in large part by selling simple canvas espadrilles and a unique charitable donation plan. Mycoskie, who announced on Wednesday that he was selling half of TOMS to Bain Capital, is now betting that he can continue balancing the charitable and commercial parts of the company he founded eight years ago. The deal, which is said to value TOMS at about $625 million, including debt, shows the continued rise of one of the more unusual stories of the fashion world.