Tory Burch LLC can be an American fashion label located in New York City, NY, United States. It had been founded by American designer Tory Burch in 2004. Pierre-Yves Roussel may be the current CEO of the business.
Tory Burch commenced her fashion label – “TRB by Tory Burch”, later referred to as “Tory Burch” – in February 2004, launching it with a shop in Manhattan’s Nolita district. A lot of the inventory sold-out on the first day. When Oprah Winfrey endorsed her line on The Oprah Winfrey Show in April 2005, calling Burch “another big part of fashion”, Burch’s website received eight million hits the next day.
Since launch, the business has grown to add 250 Tory Burch stores worldwide, including flagships in NY, LA, London, Paris, Rome, Tokyo, and Seoul, and ecommerce sites in seven languages. The company’s Shanghai flagship, which launched in 2014, is its largest. The style line, which encompasses ready-to-wear, shoes, handbags, accessories, watches, interior decor, and a fragrance and beauty collection, can be carried at over 3,000 department and specialty stores worldwide, including Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus, Nordstrom, and Bloomingdale’s, along with Harrods, Harvey Nichols, Galeries Lafayette, Lane Crawford, and Isetan.
In ’09 2009, Burch sold a minority stake in her company to a Mexican private equity firm, Tresalia Capital. Additional minority investors were added in December 2012 with the settlement of a legal dispute between Burch and her ex-husband. This settlement is thought to have removed a considerable obstacle to a forthcoming IPO, which includes been the main topic of considerable discussion in the financial and fashion industries. By 2015, Burch had explained that there have been no plans for the business to go public. In 2018, the business bought back Tresalia Capital’s minority stake available.
Burch at the 2007 Accessories Council Excellence Awards
In September 2011, Burch did her first runway fashion show, and has continued showing each season at NY Fashion Week.
In Fall 2013, Burch launched her first fragrance and a beauty capsule collection with Estée Lauder.