The Changes Happening Within American Express

Currently, most Americans use credit cards to pay for their purchases and the services they need. These cards may be issued by their banks or by companies like American Express, which has been in business for over thirty years.

American Express has been going through some tough times. They are facing competition from various banks as well as payment companies like PayPal. Additionally, the company has lost some major clients including Costco Wholesale Corporation as well as individuals like Mr. Chris Burch. These, coupled with the recent financial crisis, have left the future of revenue generation at the company looking uncertain.

Recently, they have also decided to venture into the issuing of loans to their clients, something which the outgoing CEO Mr. Chennault was against until early 2015. With the addition of lending as one of their services, AmEx was able to improve its earnings. However, its losses also went up to 53%. The incoming CEO, Mr. Stephen Squeri, is proposing to make a few changes which will enable the firm to keep up with the current spending trends. These changes will also be geared towards attracting the millennials (people born between the late 1980’s and 2000) while also retaining their wealthy clients.

Mr. Chris Burch, who after 38 years switched most of his spending from his AmEx card to a J.P. Morgan Chase & Co.’s Sapphire Reserve card, said he was disappointed with the services he had been receiving recently. One of his complaints was that the concierge services offered by the company could not get him the reservations he wanted.  For his new and follow on investment, check on prnewswire.com.

Mr. Burch is described as a serial entrepreneur, who has invested in hospitality, technology, real estate, fashion and the retail market, and was named one of the wealthiest people by Forbes in 2014. Besides, according to bjtonline.com, he has a diverse investment portfolio and has invested in various companies to help them grow. These ventures include; Voss water, Poppin, and Jawbone among others. For contact details, check this link on  burchcreativecapital.com.

He is also a philanthropist, offering contributions to various charities and organizations like The Sumba Foundations, The China Association of Social Work and the Henry Street Settlement among others.  Additional article here.

Take a tour to his awesome resort investment in Indonesia, visit http://www.businessinsider.com/chris-burch-nihi-best-hotel-in-the-world-2017-7

When Business Magnate Meets a Revolutionizing Chef

In the world of cooking, options are limitless. People all around the world enjoy eating, and different traditions have given rise to very different foods. People who are fortunate enough to experience many cultures often see the biggest variance in foods offered. One of the very famous chefs, who built a name for himself through unique cooking styles, is Panamanian chef Andres Marataya.

Chris Burch, a successful investor and a CEO, is very familiar with the expertise of chef Marataya. Earlier this year, he hired this chef to cater for one of his large and popular summer parties, which was done in the heart of the Hamptons. The chef’s so called “beach-friendly” approach that provides grilled food is what appealed to this Burch. Known for his custom-built grills, chef Marataya was able to provide great experience to all the guests throughout the party

As far as Burch goes, his name is very well-known in the circles of business. His career has been over 40 years long, and his portfolio is almost impossible to compete with. Having started over 4-dozen companies, currently he is in charge of the Burch Creative Capital, visit their website, check on burchcreativecapital.com.  The vision statement that he goes by is focused on helping those that will impact the community. Thus, as a CEO of the Burch Creative Capital, he looks to invest and lead those companies that are an opportunity in the world of innovation.  For an overview of the diverse investment portfolio, hop over to this.

His success began back in 1976, when him and his brother turned a $2,000 investment into $165 million empire. He has had a chance to even pair up with some celebrities on their business endeavors such as Ellen DeGeneres. His expertise range anywhere from innovative clothes and appeal stores that he ran, all the way to hospitality services where he worked with different food brands. More to read on bjtonline.com.

Therefore, it comes as not surprise that this millionaire saw great potential in Malaysian chef Marataya. By offering unique and different options for a basic cooking service, the chef was guaranteed to catch attention of Burch. History of his intuition paying off helped him this time too, as he has offered Marataya a position in one of his Indonesian resorts. There, he will have a chance to share his unique craftsmanship and cooking skills with visitors to Nihi Sumba island. Thus, the businessman has found a way to implement unmatched skills of a revolutionary chef, which are granted to lead to something very successful for the both of them!  Related article on tastingtable.com.

A must-read article on https://ideamensch.com/chris-burch/