Manny Mashouf Explained

Manny Mashouf
Birth Name:Manoucher Mashouf[1]
Birth Place:Tehran, Pahlavi Iran
Nationality:Iranian, American
Known For:Founding Bebe Stores and Chairman
Occupation:Businessman, fashion designer, philanthropist
Spouse:Neda Nobari (married 1984–2006; divorced)
Children:2

Manoucher "Manny" Mashouf (Persian: مانی مشعوف, born 1938) is an Iranian-American businessman and philanthropist known for founding Bebe Stores.

Early life and education

Born in 1938 in Pahlavi Iran, he came to the United States in his teens and settled first in Washington D.C., then in San Francisco. He attended San Francisco State University (SFSU) and graduated in 1966 with a political science degree.[2]

Career

He first managed a steakhouse in the early 1970's, before founding his own fashion line in 1976.[3]

He was the manager and chairman of Bebe stores and in 1998, he took the company public. In 2006 Mashouf was worth $1.5 billion USD - resulting in Forbes listing him as the 242nd richest American. By 2007 that has dropped to $1.3 billion USD.[4]

Manny Mashouf partnered with Giovanni Agnelli and Scott Bloom, they founded the production company Argonaut Pictures in 2007.[5]

It was announced in 2015 that he was to sell his 59% stake in Bebe Stores. All of Bebe's stores were scheduled to close and liquidate inventory by the end of May 2017.[6]

Philanthropy

In 2005 Mashouf pledged $10 million to his alma mater, San Francisco State University for a performing arts center. The donation was later redirected to the construction of the Mashouf Wellness Center.[7]

Personal life

In 1984, he married Neda Mashouf (née Nobari, or Shafigh-Noubari), who later worked as the former vice chairman and manager of merchandise at Bebe.[8] [9] In 2006, the couple filed for divorce, and Neda resigned from her position at Bebe.[10] Together they had two children, Daria Mashouf and Iman Mashouf.[11]

In 2017, Mashouf sold his home in Bel–Air in Los Angeles for $30 million USD.[12]

See also

External links

Notes and References

  1. https://www.encyclopedia.com/journals/culture-magazines/mashouf-manny#:~:text=B%20orn%20Manoucher%20Mashouf%2C%20c,San%20Francisco%20State%20University%2C%201966
  2. Web site: 2005-06-03 . Alumni donate to SFSU . 2022-07-10 . East Bay Times . en-US.
  3. Web site: Manny Mashouf . dead . https://web.archive.org/web/20161123054943/http://iranians.kodoom.com/en/manny-mashouf/ . 23 November 2016 . 22 November 2016 . iranians.kodoom.com/en.
  4. The World's Billionaires #754 Manny Mashouf & family. Forbes. 2007-08-03. 2007-08-03 .
  5. Web site: Hayes . Dade . September 5, 2008 . Equity players enter risky film sector: Argonaut, Barbarian, Social have different mandates . dead . https://web.archive.org/web/20080915070423/http://www.variety.com/article/VR1117991716.html?categoryid=3235&cs=1 . 2008-09-15 . 2022-07-10 . Variety magazine.
  6. Web site: Bebe Plans to Shut Its Stores and Focus on Web Sales . 21 March 2017 . bloomberg.com.
  7. News: Barba . Michael . April 22, 2017 . Founder of Closing Bebe Stores had Philanthropic Ties to State . . April 24, 2017.
  8. Web site: November 16, 1984 . Manny Mashouf in the California, U.S., Marriage Index, 1960-1985 . subscription . Ancestry.com.
  9. Web site: Barba . Michael . Founder of closing Bebe stores has philanthropic ties to SF State . 2022-07-10 . San Francisco Examiner . 22 April 2017 . en.
  10. Web site: December 1, 2006 . Bebe's Neda Mashouf Resigns . 2022-07-10 . ApparelNews.net . en.
  11. Web site: March 21, 2008 . Celebrity Car: Bebe's top guns . 2022-07-10 . East Valley Tribune . en.
  12. Web site: 2017-02-23 . Off with a bang? L.A. County sees two sales of $30 million or more in early February . 2022-07-10 . Los Angeles Times . en-US.