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What can a family-owned fashion business teach us about building wealth, creating legacy, and navigating generational success?In this episode of Money Isn’t, John Smallwood sits down with Johnell Garmany, owner of Garmany in Red Bank, NJ, a 40,000 sq ft luxury fashion landmark. They explore how bold vision, customer-first culture, and resilience through crises turned a single store into a symbol of financial success and family legacy.

Beyond fashion, this conversation dives into the principles of building lasting wealth: strategic risk-taking, cultivating experiences over transactions, and aligning business growth with long-term legacy. For business owners and entrepreneurs, it’s a blueprint for turning enterprise into enduring wealth.

Chapters:

(00:00) Introduction

(02:01) From Manhattan Beginnings to Red Bank Expansion

(04:18) The 40,000 Sq Ft Leap

(07:21) Lessons in Family Business & Succession

(10:33) Customer Experience as a Wealth-Building Strategy

(19:50) Resilience Through Crises

(29:46) Red Bank’s Potential as a Luxury Destination

(40:04) Legacy, Innovation & The Next Chapter

What’s the most valuable lesson you’ve learned about turning business success into lasting wealth? Share your thoughts in the comments.

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