Ownership profile
Who owns TOMS?
TOMS is a privately held shoe and accessories brand owned since December 2019 by a consortium of its former creditors — Nexus Capital Management (private equity), Jefferies Financial Group, and Brookfield Asset Management — who took control in exchange for restructuring $300 million in debt, ousting both founder Blake Mycoskie and prior PE backer Bain Capital.
Ownership profile
TOMS
Toms Shoes, LLC
Evidence (9)
TOMS (Toms Shoes, LLC) was taken over in December 2019 by its creditors — Jefferies Financial Group Inc., Nexus Capital Management LP, and Brookfield Asset Management Inc. — and founder Mycoskie ceased to be an owner.
https://en.wikipedia.org/wiki/Toms_ShoesCourt filings from June 2024 confirm the operating legal entity continues to be 'Toms Shoes, LLC', based in Culver City / Los Angeles, California.
https://dockets.justia.com/docket/california/cacdce/2:2024cv04723/928740Bain Capital had previously acquired a 50% stake in Toms in August 2014, valuing the company at approximately $625 million including debt; Blake Mycoskie retained the other 50%.
https://www.worldfootwear.com/news/toms-ownership-to-be-taken-over-by-creditors/4414.htmlBain Capital's prior controlling PE involvement is confirmed exited as of December 2019 when it ceded ownership to the creditor consortium.
https://sbj.net/stories/toms-shoes-gets-new-owners-in-debt-restructuring,67027The creditor group took over ownership from Blake Mycoskie and Bain Capital to restructure a $300 million loan that Toms could not repay.
https://sports.yahoo.com/toms-ownership-taken-over-creditors-171538963.htmlThe new creditor-owners injected $35 million in fresh capital into TOMS at the time of the December 2019 restructuring.
https://wwd.com/footwear-news/shoe-industry-news/debt-toms-shoes-creditors-restructure-bain-capital-blake-mycoskie-1238744429/Pitchbook lists TOMS Shoes as 'Privately Held (backing)' with financing status 'Private Equity-Backed' and names Brookfield Corporation, Jefferies Financial Group, and Nexus Capital Management as investors.
https://pitchbook.com/profiles/company/65784-52Tracxn records TOMS as acquired by Jefferies, Nexus, and Brookfield Asset Management on December 27, 2019; the associated legal entity is TOMS SHOES INC. (CIN: 205175561), active in the United States.
https://tracxn.com/d/companies/toms/__lYIrUn5aaOEaOWlFZah6qbHP_ZAZCzqD8pn5_L5_UE4As of 2023, TOMS remains a private company controlled by its creditor-owners with approximately 285 employees.
https://www.causeartist.com/case-studies/toms-shoesWhat's uncertain
- No source has confirmed the precise equity split among Jefferies, Nexus Capital Management, and Brookfield Asset Management post-2019; individual stake sizes are unknown.
- Nexus Capital Management is an LA-based private equity firm; Jefferies Financial Group is primarily an investment bank and its role (lender vs. equity holder) may differ from a traditional PE owner; Brookfield Asset Management is a large alternative asset manager — the exact nature of each party's ongoing ownership instrument (equity vs. debt-for-equity) has not been publicly disclosed in detail.
- No post-2023 press release or registry filing was found confirming any subsequent ownership change (e.g., sale or additional restructuring); the 2019 creditor-takeover structure is assumed to remain in place as of the investigation date (Oct 25, 2026) absent contrary evidence.
- TOMS is not SEC-registered and files no public financial statements, so ownership cannot be verified via EDGAR.
- The Justia trademark records still show 'MYCOSKIE, LLC' as the trademark owner — this reflects the original registration and has not been updated to reflect the 2019 ownership change; this is likely a staleness issue in the trademark record.