Why Dansko's Mandy Cabot Turned Down A $100m Offer From Timberland And Sold To Her Employees Instead

From selling shoes out of the trunk of their car, Cabot and her husband grew Dansko into a business with more than $120 million in annual revenue and a full product line. In 2005, Timberland agreed to buy Dansko but Cabot nixed the deal at the last minute. She has no regrets....