Broad River Retail: An Overnight Success, 20 Years in the Making
As a company, how long does it take to make it? The U.S. Bureau of Labor reports that 20% of companies go bust in their first two years. What’s more, only one-fifth make it past their 15th anniversary. But on In Good Companies, we’re hopeful. That’s why in this episode, we talk to Charlie Malouf, a leader who has seen it all, and came out the other end crowned with success.
Charlie is the president and CEO of Broad River Retail, a home furnishings retailer and licensee of Ashley Stores. Over the past two decades, what was once a three-store licensee has become a fast-growing top 100 retailer, with 31 locations and more than 800 employees. As for Charlie, his innovative vision and his impact on the local community have made him one of Charlotte, North Carolina’s Most Admired CEOs.
In this episode, Charlie shows us that in business, trials and tribulations can still lead to a perfect moment. Together, we talk about taking strategic leaps of faith, reframing failure as a data point and using creative reinvention to your advantage. We will unpack how a focus on human capital can carry your company through the toughest times, and you will see that with a powerful vision, you can break new ground and create abundance for everyone.
So tune in with Patrick and Charlie, to hear the tale of an overnight success, twenty years in the making.
Meet the Host
Patrick Pacheco, Executive Vice President, President of Cadence Asset Management & Trust, has more than 25 years’ experience in wealth management, in addition to the designing and implementation of tax and related planning strategies.
Pacheco’s background includes years of legal practice and multiple degrees, including an LLM* Taxation from University of Houston, a JD from Southern Methodist University, and both an MBA and BS in Economics from University of Texas at Arlington.
He is also board certified in Estate Planning and Probate law by the Texas Board of Legal Specialization.
Meet the Speaker
Charlie Malouf, CEO Broad River Retail and Ashley Stores licensee
Charlie joined Broad River in 2005 as a Managing Partner and Chief Operating Officer. In 2015 he took the helm as President and CEO and acquired majority ownership of the company in 2018. Since then, he has been uncompromising in his commitment to inspiring growth and instilling purpose within the Broad River family, the home furnishings industry, and the entire community. His strategic leadership has helped guide the Company to achieve premier financial outcomes year after year.
In 2020, Charlie was named by the Charlotte Business Journal as one of Charlotte’s Most Admired CEOs. This award recognizes established local leaders who have a strong vision for their company, commitment to culture in the workplace, and made significant contributions to the local community.
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