Becoming a businessman might look simple. But becoming an established one seldom is. And the best part of reading and writing about business people is the motivation it teaches us. The strive that people have, the absolute passion for fulfilling their ambition. The downside, however, is finding information about them. However, luckily, we have scoured the internet to see all the tidbits we could about Mr. Richard Hayne.
Mr. Richard Hayne is famously known for being the founder of Urban Outfitters, a chain of clothing retailers. There is not much else that could be found unless you dig deep.
Born on the 26th of May, 1947, he is the current president and Chief Executive Officer of Urban Outfitters. He has held these prestigious posts in Urban Outfitters from the year 1976.
A graduate of Lehigh University in Bethlehem, Pennsylvania. Mr. Richard Hayne graduated with a degree in anthropology in the year 1969. Anthropology is the term given to refer to the scientific study of humans. It concerns past and contemporary human species and human behavior, biology, cultures, communities, and linguistics.
Urban Outfitters was established in 1970. The critically acclaimed Urban Outfitters co-founder, his business partner was Judy Wicks, Mr. Hayne’s former wife. The pair were said to be divorced a year later.
After CEO Glen Senk departed the company in 2012 to lead New York-based jeweler and watchmaker David Yurman, Hayne took over as CEO.
The initial store was situated on the University of Pennsylvania’s campus. Urban Outfitters, Free People, Anthropologie, and Terrain, a gardening brand with freestanding stores in Westport, Connecticut, and Glen Mills, Pennsylvania, comprise the company’s current portfolio of approximately 400 stores.
Urban Outfitters is a national chain with over 200 stores and $3.9 billion in annual sales today.
In 1993, Hayne brought Urban Outfitters public. He and his wife jointly own over a quarter of the business.
Controversies
In August 1982, Margaret Hayne, Hayne’s current spouse, started working at Urban Outfitters. Until 2006, when Bob Casey, Jr. defeated Rick Santorum for the Senate seat, he and his wife were accused of giving Santorum roughly $13,000.
He has refrained from expressing his own opinions on homosexuality. In the wake of the passing of California’s Prop 8 in 2008, they were scrutinized after Urban Outfitters swiftly withdrew a shirt promoting support for same-sex marriage. 2009 the business collaborated with the National Center for Lesbian Rights to produce a different shirt endorsing same-sex unions.
Since the company’s items have insulted the LGBT community, Navajos, Irish Americans, and Jews, his company has been at the center of controversy.
To support GLSEN, the company also collaborated with homosexual YouTuber Connor Franta to sell a small clothing collection at the eight biggest retailers.
Urban Outfitters
The corporate headquarters of the international lifestyle retailer Urban Outfitters, Inc. (URBN) are in Philadelphia, Pennsylvania. The Urban Outfitters brand caters to young adults with a product mix that includes clothing for men and women in the latest styles, footwear, accessories, activewear and equipment, housewares, and music, particularly vinyl records and cassettes. The company’s wholesale business creates and manufactures many goods under private labels. It is active in the Netherlands, Poland, Canada, Italy, the United States, Sweden, the United Kingdom, France, Germany, Spain, Denmark, Portugal, Ireland, Belgium, and the United Arab Emirates.
As little more than a project for an entrepreneurship class at the University of Pennsylvania, Richard Hayne, Judy Wicks, and Scott Belair launched the Free People business as a retail store in 1970. In 1976, it changed its name to Urban Outfitters and incorporated.
The portfolio of brands owned by Urban Outfitters, Inc. (URBN), which includes Anthropologie, Free People, Terrain, BHLDN, and the Vetri Family restaurant chain, includes several shops.
Retailer Urban Outfitters focuses on providing clothing, clothing accessories, and home goods. It is a lifestyle company. It generally appeals to teenagers and young adults who seem to be interested in alternative fashion and the hipster subculture.
Urban Outfitters corporate office campus, situated on the Philadelphia Naval Shipyard, was given the National Preservation Honor Award in 2007 by the National Trust for Historic Preservation.
Forbes claims that Hayne left the Forbes 400 list in 2015. Hayne was listed as the 1818th richest person in the world in March 2019.
