Hm Hammitt News Today

Biggest challenges and how he had the strength and wisdom to navigate through them. hes the chief executive of h m hammitt, a thriving bag company in california. but eight weeks ago his story was anything but a success. tony was homeless, in a financial crisis, and trying to save the business that meant everything to him. >> i ran out of all of my money, i lost the house. i couldnt make the payments. >> hammitt was his third major investment. tony was determine thad this time he was going to do ...

Back on track by cutting major expenses in two key areas. one on the sales front. he stopped using pricey showrooms opting instead for one inroom salesperson besiesd himself and in the design dmtd, he had a few instead of high priced freelance artists. hes become a brand. >> if you know hammitt, you wear it, you think the energy of the bag is what attracts you do it. >> he values his employees and believes in the power of mentorship. >> three or four interns are now in leading positions in my co...

And sales are not. i ran out of all of my money in a couple of years. >> the situation was bad. he lost his home and spent nearly two years sleeping on friends couches. >> does it feel shameless? >> well, yeah. there was a lot of shamefulness wasted earlier in life, but also dont look backward. i still had some great things every day that i could focus on. thats what keeps he going. as a lead over a company even in the worst of times, you have to make sure everybody knows youre still going forwa...

Stay? >> knowtonys changes have not been at work. >> when somebody walks up to me and says, the new hammitt, i love it. its the new shiny boat. >> what do you do with the money you take home? >> it goes back in. i love this business. its an amazing opportunity to build something that will last way beyond my lifetime. >> no matter what kind of business youre in, i can promise you one thing. youre going deal with tough times, and a lot of times it might be something thats completely out of your co...