 | |
| Company type | Private |
|---|---|
| Industry | Fashion |
| Founded | February 2004 |
| Founder | Tory Burch |
| Headquarters | New York, New York, U.S. |
Number of locations | 378 (2024) [1] |
Area served | Worldwide |
Key people | Pierre-Yves Roussel (CEO) |
Number of employees | 4,800 (2024) [1] |
| Website | toryburch |
Tory Burch LLC is an American mid-luxury women's fashion label based in Manhattan, New York, United States. It was founded by American designer Tory Burch in 2004. As of 2019 [update] , Pierre-Yves Roussel is the CEO of the company.
Tory Burch began her fashion label – "Tory by TRB", later known as "Tory Burch" – in February 2004, launching it with a retail store in Manhattan's Nolita district. [2] [3] [4] Most of the inventory sold out on the first day. [5] [6] When Oprah Winfrey endorsed her line on The Oprah Winfrey Show in April 2005, calling Burch "the next big thing in fashion", Burch's website received eight million hits the following day. [7] [8]
Since launch, the company has grown to include more than 370 Tory Burch stores worldwide, [9] including flagships in New York, Los Angeles, London, Paris, Rome, Tokyo, and Seoul, and ecommerce sites in seven languages. [10] [11] [12] The company’s Shanghai flagship, which launched in 2014, is its largest. [10] The fashion line, which encompasses ready-to-wear, shoes, handbags, accessories, watches, home decor, and a fragrance and beauty collection, is also carried at over 3,000 department and specialty stores worldwide, [13] [6] [14] including Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus, [15] Nordstrom, and Bloomingdale's, [16] as well as Harrods, Harvey Nichols, [17] Galeries Lafayette, [18] Lane Crawford, [19] and Isetan. [20]
In 2009, Burch sold a minority stake in her company to a Mexican private equity firm, Tresalia Capital. [21] Additional minority investors were added in December 2012 in conjunction with the settlement of a legal dispute between Burch and her ex-husband. This settlement is said to have removed a substantial obstacle to a forthcoming IPO, which has been the subject of considerable discussion in the financial and fashion industries. [22] [23] As of 2015, Burch had stated that there were no plans for the company to go public. [24] In 2018, the company bought back Tresalia Capital's minority stake in the business. [25]
In September 2011, Burch did her first runway fashion show, and has continued to show each season at New York Fashion Week. [8] [26] [27] [28]
In Fall 2013, Burch launched her first fragrance and a beauty capsule collection with Estée Lauder. [29]
In Summer 2014, she introduced a line of accessories for the Fitbit Flex activity-tracking device, making hers the first major fashion brand to move into wearable technology. Fall 2014 marked the publication of her first and bestselling book, Tory Burch in Color, and the launch of watches with Fossil. [10] [30]
In March 2015, Burch extended her home line with a collection of lettuce ware created in collaboration with Palm Beach artist and potter Dodie Thayer. [31] [32] [33] In July 2015, Burch launched her first boutique in Paris. [11]
In August 2019, the brand announced that it had entered a long-term partnership with Shiseido to develop, market, and distribute Tory Burch beauty brands, beginning in January 2020. [34]
In 2021, the Tory Burch company and the School of Fashion at Parsons School of Design announced a five-year multi-disciplinary educational partnership. [35]
In 2022, the brand launched Essence of Dreams, a collection of five fragrances, with Shiseido. [36]
In January 2024, Tory collaborated with Humberto Leon on a concept shop on Melrose Avenue in Los Angeles that showcased her Spring 2024 collection; the boutique’s façade, interior, and some of the fashions featured animal portraits by German photographer Walter Schels. [37] [38] [39]
In 2024, the company was included on Time's list of the 100 Most Influential Companies, [40] and Burch was one of Time magazine's 100 most influential people in the world. [41]
In 2024, the brand introduced Sublime, a new fragrance with a launch campaign featuring Kendall Jenner. [42] [43]
In September 2015, Burch also introduced Tory Sport, a separate performance activewear line, on a dedicated website, [44] [45] and in a pop-up shop on Elizabeth Street in Manhattan in the space where she had launched her brand's first boutique in 2004. [46] [47] [48] A stand-alone store on Fifth Avenue in New York, as well as boutiques in East Hampton and Dallas, were opened in 2016. [49] [50] [51] As of late 2017 Tory Sport has stores in several cities around the U.S. and an in-store boutique at the Tory Burch store in Hong Kong. [52] The collection includes designs for running, studio, tennis, swimming, and golf, as well as clothes for before and after a workout. [53] [54] Both the Tory Burch line and the Tory Burch Sport line support the Tory Burch Foundation, which empowers women entrepreneurs by providing access to capital, business education, networking, and a fellows program. [55] [56] [47] [57]
Pierre-Yves Roussel joined the company as CEO in 2019. [58] In November 2020, Tory Burch LLC named Thibault Villet president of the Asia-Pacific region, effective on December 28, 2020. In his new position, Villet will manage all facets of the brand’s activities. [59]
Burch's style has been described as preppy-boho and preppy-bohemian luxe, [60] and is associated with her T-logo medallion. [61] Known for being easy to wear and versatile, [61] [62] [63] [64] Tory Burch styles are popular with women of all ages, [65] including the viewers and fans of the television show Gossip Girl , where they were often featured. [66] In 2007, there were wait lists to buy Tory Burch fashions, [67] which are known for color and print and often pay homage to styles of the 1960s and 1970s. [68] [69] [70] Burch named her line of Reva ballerina flats after her mother. [62] [71]
In the 2020s, after Burch relinquished her CEO role to focus almost exclusively on designing, the aesthetic has evolved in what she calls a "creative reinvention" of the brand. [72]
The Estée Lauder Companies Inc. is an American multinational cosmetics company, a manufacturer and marketer of makeup, skincare, perfume, and hair care products, based in Midtown Manhattan, New York City. It is the second largest cosmetics company in the world after L'Oréal. The company owns a diverse portfolio of brands, including La Mer, Jo Malone London, Clinique and Tom Ford Beauty, among many more, distributed internationally through both digital commerce and retail channels.
Prada S.p.A. is an Italian luxury fashion house founded in 1913 in Milan by Mario Prada. It specializes in leather handbags, travel accessories, shoes, ready-to-wear, and other fashion accessories. Prada licenses its name and branding to Luxottica for eyewear and L’Oréal for fragrances and cosmetics.
Chanel is a luxury fashion house founded in 1910 by Coco Chanel in Paris. It is privately owned by the Wertheimer family and has been headquartered in London since 2018.
John Varvatos is an American menswear designer. He has worked for Polo Ralph Lauren and Calvin Klein, and started his own label in 1999.
Alberta Ferretti is an Italian fashion designer and dressmaker. She designs for her namesake brand Alberta Ferretti, and designed for Philosophy di Alberta Ferretti until 2014. Her showroom is in Milan, Italy but her studio is in her native village of Cattolica, near Rimini, Italy.
Anna Sui is an American fashion designer. Her brand categories include several fashion lines, footwear, cosmetics, fragrances, eyewear, jewelry, accessories and home goods
Carolina Herrera is a Venezuelan fashion designer known for her personal style, and for dressing various First Ladies of the United States, including Jacqueline Onassis, Laura Bush, Michelle Obama, and Melania Trump.
Elie Saab is a Lebanese fashion designer.
Proenza Schouler is a womenswear and accessories brand founded in 2002 by designers Jack McCollough and Lazaro Hernandez. Based in New York City, Proenza Schouler is derived from maiden names of the two designers' mothers: Proenza is the maiden name of Hernandez's mother, and Schouler is the maiden name of McCollough's mother.
Josie Natori is a Filipino-American fashion designer and the CEO and founder of The Natori Company. Natori served as a commissioner on the White House Conference on Small Business. In March 2007 she was awarded the Order of Lakandula, one of the highest civilian awards in the Philippines. In April 2007, Natori received the "Peopling of America" Award from the Statue of Liberty - Ellis Island Foundation. She often says her business philosophy is based around an "East-West mix" of culture and design.
Lanvin is a French luxury fashion house founded in 1889 by Jeanne Lanvin in Paris. It is the oldest French fashion house still in operation. Since 2018, it has been a subsidiary of Shanghai-based Lanvin Group.
Etro is a family-managed Italian luxury fashion house founded in 1968. It is mainly known for its paisley patterns, which the company started making in 1981.
Celine is a French luxury fashion house founded in 1945 by designer Céline Vipiana. The headquarters are located at 16 rue Vivienne in the 2nd arrondissement of Paris at the Hôtel Colbert de Torcy, which has French Historic Monument classification.
Tory Burch is an American fashion designer, businesswoman, and philanthropist. She is the Executive Chairman and Chief Creative Officer of her own brand, Tory Burch LLC. She was listed as the 88th most powerful woman in the world by Forbes in 2020.
J. Christopher Burch is an American billionaire and the founder and CEO of Burch Creative Capital, a firm based in New York City that manages venture investments and brand development, and co-founder of Tory Burch LLC. He is entrepreneur and active investor across fashion, hospitality, and technology industries. Since establishing his initial venture, Eagle Eye, he has been involved brands including Staud, BaubleBar, NIHI Sumba, Guggenheim Partners, Tory Burch, Voss, Win Brands, Rappi, Danielle Guizio, Solid & Striped, Urbanic, Thursday Boots, SuperOrdinary, Barber Surgeon Guild, Faena Hotel + Universe, Jawbone, and Poppin.
Tommy Hilfiger B.V., formerly known as Tommy Hilfiger Corporation and Tommy Hilfiger Inc., is an American luxury clothing brand that manufactures apparel and licensed products such as footwear, accessories, fragrances and home furnishings. The company was founded in 1985, and the brand's merchandise is sold in department stores and over 2000 free-standing retail stores in 100 countries.
Comme des Garçons, also CDG for short, is a Japanese fashion label based in Paris, founded by Rei Kawakubo. Its French flagship store is located in Paris, while its other physical retail stores are in London, Berlin, Melbourne, Seoul, Hong Kong, New York City and in the Aoyama district of Tokyo. Other than fashion, the label has expanded to include jewelry and perfume.
C. Wonder is a fashion retailer founded by J. Christopher Burch in 2011.
Eric Buterbaugh is an American florist and perfumer.
Fleur du Mal is a lingerie and ready-to-wear brand that sells at retailers including Shopbop, Barneys, and Net-a-porter. The company was founded in 2012 by Jennifer Zuccarini.