I Took A $2.5 Million Loan To Start A Fashion Brand — Now It Brings In $100 Million/Year

In 2014, business partners Matt Scanlan and Diederik Rijsemus drove into Mongolia's Gobi Desert with $2.5 million tied up in plastic bags. Their goal: purchase 50 tons of cashmere wool from nomadic goat herders for their new clothing company, Naadam. Today, Naadam brings in more than $100 million per year selling relatively affordable cashmere clothing. Its lowest-cost — and most popular — cashmere sweater sells for $98. Produced by: Zach Green Senior Managing Producer: Eric M. Clark Senior Production Manager: Kathryn Mavrikakis Additional Camera: Valentina Duarte Editor: Marisa Forziati Animator: Gene Kim Reporter: Tom Huddleston Additional Footage: Matt Scanlan, Naadam, Getty Images Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf Want to land your dream job in 2024? Take CNBC’s new online course How to Ace Your Job Interview to learn what hiring managers are really looking for: https://cnb.cx/483dEsg About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Connect with CNBC Make It Online Get the latest updates: https://www.cnbc.com/make-it Find CNBC Make It on Instagram: https://bit.ly/InstagramCNBCMakeIt Find CNBC Make It on Facebook: https://cnb.cx/LikeCNBCMakeIt Find CNBC Make It on threads: https://cnb.cx/threadsCNBCMakeIt Find CNBC Make It on X: https://cnb.cx/FollowCNBCMakeIt #CNBC #CNBCMakeIt I Took A $2.5 Million Loan To Start A Fashion Brand — Now It Brings In $100 Million/Year