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A Vision for a Fashion Empire: The Irma Thompson Story

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Chapter 1: A Reunion Over Lunch

Greetings, I'm Irma Thompson, and I’m likely one of the most fascinating individuals you’ve ever encountered.

During our lunch, Bell questioned, "Irma, why would you take such a big financial risk?" Irma responded, "In comparison to what I’m about to reveal, it’s a small price to pay." Bob chimed in, "Can we order some food first?" Irma replied, "Feel free; it’s on me."

As they enjoyed their meal, both Bob and Bell inquired, "What motivates you to do this? Why now? And why us?" Irma suggested, "Let’s enjoy our lunch while I address those questions casually. Sound good?" They agreed.

"I remember you, Bell, from our school days, back in fourth or fifth grade before you moved away," Irma recalled. Bell nodded, "That’s true. Let me share why we left. My father owned a business that faced sudden challenges. Bills piled up, and we lost our home. We had to move to a modest two-bedroom apartment in San Fernando Valley, a far cry from our Beverly Hills house. It was quite an embarrassment for my family," she explained.

Bell continued, "Irma, your parents were always there for you, granting your every wish. I felt like a shadow in comparison. It was evident that when I left, you would manage just fine. I was the one who truly needed you. No one at school ever stood up for you like I did. I regret our lost communication, and I take full responsibility for it."

Irma interjected, "Hold on, Bell. There’s no need for that. I’ve changed; I’m not just focused on myself anymore. I’m considering the broader picture now. Sure, I still drive a red Rolls Royce convertible, and soon, people will associate that with my new company."

"I'm pursuing this venture because I aspire to establish my own business. My father has agreed to mentor me. I want to help people in ways they might not yet understand, and I need two trustworthy partners. That’s how I feel about both of you," Irma explained.

Bob interrupted, "But Irma, you hardly know me."

Irma replied, "Here’s what I do know: You graduated with honors from USC, ranked second in your class. After graduation, you briefly worked as a CFO for a family friend before becoming a Financial Advisor for prominent clients, including alumni from USC. You fell in love with Bell for her compassion, and you both married last year. Does that sum it up? Oh, and I trust you because Bell loves and believes in you."

"Bell, you’re someone I love and trust deeply. Your compassion will be the heart of our business, and you’re the only one who can help me navigate certain challenges," Irma added.

"Now, onto the question of timing. It’s been months since graduation. I had an idea during school for a fashion venture supported by a finance network. After extensive brainstorming, the plan crystallized: I needed to find Bell and start a company. Bob, you’re the unexpected bonus in this equation."

"Here’s my vision; feel free to jump in at any point:

I have enough capital to kick off the business without needing investors. Bell, you will receive a 20% stake in the company as a legal gift, with stipulations regarding divorce. If circumstances change, the law will handle it."

"I want you, Bell, as Chief Operations Officer, and Bob, you will be our Chief Financial Officer, while I’ll take on the role of President and CEO.

"Our company will focus on discovering exceptional casual designs from around the globe, which we can produce in New York City, ensuring they are made in the USA. My research indicates a significant demand, especially from talented but struggling designers on the West Coast. We will exclusively represent and promote their collections through various marketing channels, including runway shows across the nation."

"Bob, you mentioned providing financial support; have you documented any of this?" Irma asked. "This is the first act of trust I’m extending to you both; there’s no paperwork involved, but I expect total confidentiality. Upon graduating from NYU, my father established a $100 million trust fund for me. I’m committing $10 million for our inaugural year, which should cover all our salaries for at least a year. My salary will be $250,000, Bell’s will be $200,000, and yours, Bob, will be $175,000 until we reach our goals. Does that sound fair?" they both agreed in unison. Irma then handed them a personal check for $100,000 to cover initial expenses.

"We’ll need to hit the ground running tomorrow. Bob, can you arrange something with your current employer? Oh, and I almost forgot — image is crucial in this industry. I need both of you to select a Cadillac SUV for transporting samples and designs. Bob, negotiate the best deal at any Cadillac dealership you choose. I’ll provide you with our banker’s contact information in New York, who will assist you with the funds transfer."

"Let’s officially toast to our new venture. All in favor, please raise your hands or glasses." The vote was unanimous, even as some water spilled from their excitement.

Irma asked, "How does that feel?" Bob responded, "I think we’re both at a loss for words." Bell leaped up to give Irma a heartfelt hug and kiss.

Irma smiled, "Oh no, if I leave now, I’ll only be ten minutes late."

In this enchanting performance, Jasmine Thompson captures the essence of love and nostalgia with her rendition of "You Are My Sunshine." Her soulful voice will resonate deeply with anyone who has cherished memories tied to this beloved song.

Irma Thomas delivers a powerful live performance at Porretta in 1997, showcasing her incredible vocal talent and the rich emotional depth of her music that has touched many hearts over the years.

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