Table of Contents
Who is the CEO of Rothys?
Stephen Hawthornthwaite
Stephen Hawthornthwaite, Chairman and CEO of Rothy’s.
When was Rothy’s founded?
2012Rothy’s / Founded
Founded in 2012, Rothy’s co-founders Hawthornthwaite and Martin set out to create a shoe with distinctive style, comfort and sustainable design. With a vertically integrated supply chain, Rothy’s minimizes waste by knitting each product to shape in its 300,000 sq. ft. factory in Dongguan, China.
Who is Roth Martin?
20 Minutes With: Roth Martin, Co-Founder of Viral Eco-Friendly Footwear Rothy’s. When Roth Martin and Stephen Hawthornthwaite launched their footwear brand Rothy’s in 2016, they had one goal: to help reduce plastic waste, while making a washable, easy-to-wear shoe for women who valued comfort over all else.
How much is Rothy’s worth?
$700 million
With a valuation of $700 million after its most recent funding round, Rothy’s has raised just $42 million in equity from investors led by Lightspeed Venture Partners and Goldman Sachs. Martin and Hawthornthwaite continue to own a majority of the business, a combined stake that Forbes pegs at roughly $500 million.
Is Rothys black owned?
In December 2021, Rothy’s was valued at $1 billion when Alpargatas, the Brazilian owner of Havaianas, took a 49.9% stake in the company….Rothy’s.
| Type | Limited Company |
|---|---|
| Founder | Roth Martin, and Stephen Hawthornthwaite (Chief Executive Officer) |
| Headquarters | San Francisco , California, U.S. |
| Number of locations | 12 |
Is Rothys a Chinese company?
The brand says it makes its shoes from single-use plastic bottles in a 300,000-square-foot factory in Dongguan, China. In recent years, the company has ventured into bags, wallets and men’s loafers, also made from recycled and marine plastic, and has stores in Los Angeles, New York and other cities.
Who invested in Rothys?
The CEO told the Times the company is “meaningly profitable” and brought in about $140 million in net revenue in the 12 months leading up to November 2021. Rothy’s last fundraising came in 2019 with $35 million from Goldman Sachs Investment Partners, bringing the company’s then total funding to $42 million.
Who owns Rothys shoes?
The Brazilian owner of Havaianas, the maker of flip flops, is taking a 49.9 percent stake in the shoe brand Rothy’s, valuing it at $1 billion in the industry’s latest bet on the promise of sustainable fashion.
Is Rothys going out of business?
In March 2021, Rothy’s committed to closing its loop within three years, launching a shoe recycling program, achieving zero waste and LEED certification at its factory and reaching carbon neutrality. As of 2022, over 100 million plastic bottles have been repurposed to make their products.
Are Rothys made in America?
Since we own and operate our sustainable factory in Dongguan, China, only the Rothy’s family—and no other manufacturers—touch our shoes during production.
Is Rothy’s going out of business?