Who is Paul Fireman?
He is the founder Fireman Capital Partners, which he started after selling Reebok to Adidas. He was born on February 14, 1944. He is married to Phyllis Fireman.
Fireman bought the North American sales rights to Reebok in 1979, which was founded in 1958 by Joseph William Foster. A few years later he bought Reebok’s UK parent company. In the following years, Reebok surpassed Nike as the top-selling manufacturer of athletic shoes in the United States.
Around 2000 Reebok signed exclusive licensing deals with the NFL, NBA, and NHL.
In 2006 he sold Reebok to Adidas for US$ 3.8 billion. (He owned around 20% of the shares at that moment, following an earlier IPO).
With his share of the sale ($800 million) he started Fireman Capital Partners.
Fireman Capital Partners
Fireman Capital Partners is a private equity firm. It invests in consumer-focused companies. The private equity firm focuses on consumer businesses with revenues between $30 million and $150 million. Targets should have a unique vision, strong product and market share, and sound management. Current investments include Bandon Holdings, Dunns River Brands, CANarchy, Surfside Coffee Company, and Idea Paint.
His net worth is $ 1.1 billion.
The Paul and Phyllis Fireman Charitable Foundation
In 1985 he and his wife Phyllis started The Paul and Phyllis Fireman Charitable Foundation, which has donated more than $165 million to charitable organizations.