Retail Ecommerce Ventures

Tai Lopez spends $30M buying Pier 1's brand and database

Sam explains that get-rich-quick course seller Tai Lopez, via Retail Ecommerce Ventures, is spending $30M to acquire the IP of bankrupt Pier 1 (after earlier buying Dress Barn) to relaunch it as an e-commerce-only store.

“And so he's spending $30 million to buy Pier 1 along with other stuff. And we got ahold of his deck. I didn't even read it, but I read it. I've talked a lot and I've set the stage.”