Manoucher "Manny" Mashouf (Persian: مانی مشعوف, born 1938) is an Iranian-American businessman and philanthropist known for founding Bebe Stores.
Manny Mashouf | |
|---|---|
 | |
| Born | Manoucher Mashouf[1] 1938 (age 85–86) |
| Nationality | Iranian, American |
| Occupation(s) | Businessman, fashion designer, philanthropist |
| Known for | Founding Bebe Stores and Chairman |
| Spouse | Neda Nobari (married 1984–2006; divorced) |
| Children | 2 |
Early life and education
editBorn in 1938 in Pahlavi Iran, he came to the United States in his teens and settled first in Washington D.C., then in San Francisco. He attended San Francisco State University (SFSU) and graduated in 1966 with a political science degree.[2]
Career
editHe first managed a steakhouse in the early 1970's, before founding his own fashion line in 1976.[3]
He was the manager and chairman of Bebe stores and in 1998, he took the company public.[4] In 2006 Mashouf was worth $1.5 billion USD - resulting in Forbes listing him as the 242nd richest American.[4] By 2007 that has dropped to $1.3 billion USD.[5]
Manny Mashouf partnered with Giovanni Agnelli and Scott Bloom, they founded the production company Argonaut Pictures in 2007.[6]
It was announced in 2015 that he was to sell his 59% stake in Bebe Stores.[7] All of Bebe's stores were scheduled to close and liquidate inventory by the end of May 2017.[8]
Philanthropy
editIn 2005 Mashouf pledged $10 million to his alma mater, San Francisco State University for a performing arts center.[9] The donation was later redirected to the construction of the Mashouf Wellness Center.[10]
Personal life
editIn 1984, he married Neda Mashouf (née Nobari, or Shafigh-Noubari), who later worked as the former vice chairman and manager of merchandise at Bebe.[11][12][9] In 2006, the couple filed for divorce, and Neda resigned from her position at Bebe.[13] Together they had two children, Daria Mashouf and Iman Mashouf.[14]
In 2017, Mashouf sold his home in Bel–Air in Los Angeles for $30 million USD.[15]
See also
editReferences
edit- ^ https://www.encyclopedia.com/journals/culture-magazines/mashouf-manny#:~:text=B%20orn%20Manoucher%20Mashouf%2C%20c,San%20Francisco%20State%20University%2C%201966 [bare URL]
- ^ "Alumni donate to SFSU". East Bay Times. 2005-06-03. Retrieved 2022-07-10.
- ^ "Manny Mashouf". iranians.kodoom.com/en. Archived from the original on 23 November 2016. Retrieved 22 November 2016.
- ^ a b "#242 Manny Mashouf & family", Forbes, 2006, retrieved April 23, 2017
- ^ "The World's Billionaires #754 Manny Mashouf & family". Forbes. 2007-08-03. Retrieved 2007-08-03.
- ^ Hayes, Dade (September 5, 2008). "Equity players enter risky film sector: Argonaut, Barbarian, Social have different mandates". Variety magazine. Archived from the original on 2008-09-15. Retrieved 2022-07-10.
- ^ Bebe Founder Manny Mashouf Sells 59 Percent Stake, ubmfashion.com, 2015, archived from the original on 2017-04-24
- ^ "Bebe Plans to Shut Its Stores and Focus on Web Sales". bloomberg.com. 21 March 2017.
- ^ a b San Francisco State Receives $10 Million for New Arts Center, Philanthropy News Digest, June 7, 2005, retrieved April 23, 2017
- ^ Barba, Michael (April 22, 2017). "Founder of Closing Bebe Stores had Philanthropic Ties to State". San Francisco Examiner. Retrieved April 24, 2017.
- ^ "Manny Mashouf in the California, U.S., Marriage Index, 1960-1985". Ancestry.com. November 16, 1984.
- ^ Barba, Michael (22 April 2017). "Founder of closing Bebe stores has philanthropic ties to SF State". San Francisco Examiner. Retrieved 2022-07-10.
- ^ "Bebe's Neda Mashouf Resigns". ApparelNews.net. December 1, 2006. Retrieved 2022-07-10.
- ^ "Celebrity Car: Bebe's top guns". East Valley Tribune. March 21, 2008. Retrieved 2022-07-10.
- ^ "Off with a bang? L.A. County sees two sales of $30 million or more in early February". Los Angeles Times. 2017-02-23. Retrieved 2022-07-10.