Alejandro Betancourt Lopez is a renowned businessman who earned his two degrees in economics and business administration from Suffolk University in Massachusetts. Lopez’s career started in BGB energy, where he was a manager. He soon joined Guruceaga Group, a commodity trading company.
After some time, he joined ICC-OEOC, an organization in the UK that offers solutions to offshore oil companies, as the Latin American commercial manager. Alejandro Betancourt Lopez has also helped build other companies, including Pacific Exploration and Production and O’Hara Administration.
Betancourt is famous for bringing success to Hawkers. The company was started way back in 2013 by four friends that wanted to make affordable designer glasses. The founders started the business with $300 and faced many financial challenges.
Fortunately, Betancourt, then a manager of O’Hara Administration, a global investment group, intervened and provided the leverage that the organization needed to keep going. In 2016, the company was valued at $60 million and was among the world’s largest sunglasses manufacturers. Later on, Betancourt was appointed president to steer the growth of the company. However, as the organization grew, so did the expenses.
Betancourt once again saved Hawkers from closure by gathering several investors and formed an investment group named Saldum Ventures. The group invested $56 million into the company to keep the company afloat. Additionally, Betancourt used an effective strategy to remain competitive against big designer companies such as Gucci. The company would sell the glasses at a low price. By 2018, the firm was among Spain’s top ten start-up companies.
The company’s success is greatly attributed to the fighting spirit and hard work that Alejandro Betancourt Lopez has consistently shown since he first invested in the company in 2016. Currently, the organization has employed over 200 people, and the company has expanded to different cities, including Barcelona, Hong Kong, Elche, and LA. In addition, the organization has sold over 4.5 million sunglasses globally, and the current revenue stands at more than $100 million.
Alejandro Betancourt Lopez also believes in the ability of the internet to share content. Hence, Hawkers has invested a lot in selling online and is among Facebook’s leading success stories. Go Here for related Information.