Mossimo Giannulli

 Mossimo Giannulli founded the company Mossimo 1986 on Balboa Island, Newport Beach, California. The first year of operation the company earned $1 million before achieving $4 million the next year. The line was further expanded by the late Mr. Giannulli in 1991 with sweaters as well as knits and sweatshirts. The following year the line was expanded when it began selling men's tailored suits and women's clothing.Within just eight years of beginning operations the founder, Mr. Giannulli's firm Mossimo Inc. became a multimillion-dollar lifestyle, clothing, and accessories firm. The company soon started trading its stock in the New York Stock Exchange. Mossimo was the first man to have his business trading on the world's most prestigious stock market.However in 1997, the profits started to decline and Mossimo did not have the technology to keep up with the competition. Giannulli Mossimo was of the opinion that the company wasn't performing at its highest level due to a lack of technology. To benefit from modern technology, Giannulli Mosimo chose to combine his business with Target Stores, one of the largest textile corporations worldwide. Mossimo has signed a multi-product licensing deal with Target Stores for $27.8 Million on March 28 1999. Six years later, he sold his company to Iconix Brand Group.