Tory Burch

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Tory Burch
Tory Burch in India.JPG
Burch in India, 2009
Born Tory Robinson
(1966-06-17) June 17, 1966 (age 48)
Valley Forge, Pennsylvania, United States
Residence New York City
Education University of Pennsylvania
Occupation Fashion designer
Known for Tory Burch line of clothing and accessories
Net worth Increase US$ 1.0 billion (March 2013)[1]
Spouse(s) William Macklowe (1993; divorced)
J. Christopher Burch (1996-2006; divorced)
Awards

2005 Rising Star, Fashion Group International;

2007 brand launch award, Accessories Council of Excellence;
CFDA Accessories Designer of the Year, 2008

Tory Burch (born June 17, 1966; née Robinson) is an American fashion designer, business woman, and philanthropist, who has won several fashion awards for her designs.[2] As of 2014, she is listed as the 79th most powerful woman in the world by Forbes.[3]

Personal life[edit]

Family and education[edit]

Burch was born in Valley Forge, Pennsylvania,[4] the daughter of Reva (née Schapira) and Ira Earl "Bud" Robinson (b. Jan. 6, 1923 - d. Aug. 9, 2007).[5] She was raised with her three brothers (Robert, James and Leonard) [6] in a Valley Forge farmhouse, a 250-year old Georgian near the Valley Forge National Historical Park.[7]

Her mother was an actress who dated both Steve McQueen and Marlon Brando.[7] Her father, who was a wealthy investor, is now deceased.[8] Her father inherited a stock exchange seat and a paper cup company. He dated Grace Kelly and Joan Bennett.[7] Tory's father was fourteen years older than her mother.[7] Burch is Jewish on her mother's side.[9][10]

Burch attended the Agnes Irwin School in Rosemont, Pennsylvania, where she rode horses, was captain of the tennis team,[7] and was a friend of jewelry designer Kara Ross (they remain friends today).[11] Her first job was at Benetton in the King of Prussia Mall.[11] She then attended the University of Pennsylvania, where she was a member of the women's sorority Kappa Alpha Theta. She majored in art history, and graduated in 1988.[7]

Marriage and subsequent life[edit]

She was first married (1993, divorced within a year) to William Macklowe, son of real-estate tycoon Harry B. Macklowe.[12] From 1996 through 2006, she was married to J. Christopher Burch,[8] an investor in Internet Capital Group, a venture capital firm founded by Walter Buckley and Ken Fox. Although divorced from Burch, she continues to use his last name, and for some time continued to live with her children in their New York City apartment; she has three sons and three stepdaughters.[2] She dated Lance Armstrong in 2007.[13][14] More recently, she has been linked to Lyor Cohen.[15][16][17][18]

In January 2013, Forbes magazine estimated that she is now a billionaire with a net worth of $1.0 billion.[19]

Fashion career[edit]

Early work[edit]

After graduating from college, Tory moved to New York City where she worked for Zoran, a Yugoslavian designer,[7] followed by Harper's Bazaar magazine. She then moved into public relations and advertising positions at Vera Wang,[7][20] Polo Ralph Lauren and Loewe when Narciso Rodriguez was there.[21]

Fashion label[edit]

Tory Burch logo design photographed from a shoebox in 2012

She began a fashion label, "TRB by Tory Burch"—later known as "Tory Burch", in February 2004. The company has grown to include over 120 Tory Burch stores worldwide, including flagships in New York, Los Angeles, London, Rome, Tokyo and Seoul.[22][23][24][25][26] Her fashion line is carried at over 3,000 department and specialty stores worldwide,[27][28] including Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus[29] Nordstrom and Bloomingdale's.[30] Her flagship store is in the NoLIta neighborhood of Manhattan.[4][31]

In April 2005, Oprah Winfrey endorsed her line on The Oprah Winfrey Show.[2] In 2009, Tory Burch sold a minority stake in her company to a Mexican private equity firm, Tresalia Capital.[32] 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.[33][34]

In Fall 2013, Burch launched her first fragrance and a beauty capsule collection with Estée Lauder.[35]

For the 2014 New York Fashion Week, the brand was the first to use Google’s Lightbox, which is Google’s custom brand exchange, to livestream video of the runway show.[36] Brian Zeug, who is Google’s industry director of branded apparel, was involved in the project.[36]

Design style[edit]

Burch at 2007 Accessories Council of Excellence awards

Her style has been described as preppy-boho and preppy-bohemian luxe[2] and is known for including her T-logo medallion.[20] Some select styles of sunglasses, such as the Rounded Aviator, have the signature logo printed on the lens.[4] Her styles are popular with the viewers and fans of the television show Gossip Girl, which they often appear on,[37] and among different generations.[38] Her style is known for being easy to wear and for being widely part of a versatile wardrobe.[7][20][39][40] In 2007, there were wait lists to buy her fashions,[41] which are representations of and homages to 1950s and 1960s styles.[7][42] Burch named her line of Reva ballerina flats after her mother.[7]

Film Appearances

In 2009, she appeared in the fourth episode of Gossip Girl season three as herself.[43]

Year Film Role Notes
2009 Gossip Girl Herself (season 3,4th episode)
2012 Fashion King Herself Cameo

Awards[edit]

In 2008, she won the Council of Fashion Designers of America, as the accessories designer of the year.[44] In 2007, she won the Accessory Brand Launch of the year award from the Accessories Council of Excellence.[4][45] In 2005, she won Rising Star Award to Burch for best new Retail Concept from the Fashion Group International.[4] In addition, Burch has consistently been included on Forbes’ list of “The World’s 100 Most Powerful Women.” [46] As of 2014, she is listed as the 79th most powerful woman in the world by Forbes.[3]

Philanthropy[edit]

Burch serves on the boards of the Council of Fashion Designers of America,[47] the Society of Memorial Sloan-Kettering Cancer Center,[48] the Breast Cancer Research Foundation,[49] the Startup America Partnership [50] and the Barnes Foundation.[51] She chaired the 2007 spring gala for the American Ballet Theatre.[52]

In 2009, Burch founded the Tory Burch Foundation, which supports the economic empowerment of women in the U.S. through small business loans, mentoring and entrepreneurial education.[53][54] The foundation is currently partnered with ACCION USA, a non-profit domestic microfinance provider founded in 1991.[55][56]

In 2014, the foundation launched Elizabeth Street Capital, an initiative with Bank of America, with an initial investment of $10 million in capital to provide women entrepreneurs with access to low cost loans, mentoring support and networking opportunities. The initiative is named for the location of the first Tory Burch boutique. The foundation also offers an entrepreneurial education program in collaboration with Goldman Sachs 10,000 Small Businesses and Babson College. Burch’s stores sell products whose proceeds support the Foundation’s work.[57]

In April 2014, the Obama Administration named Burch an inaugural member of the Presidential Ambassadors for Global Entrepreneurship, a group of successful American businesspeople committed to developing the next generation of entrepreneurs in the U.S. and around the world. Other members of PAGE include Reid Hoffman, co-founder of LinkedIn, and entertainment producer Quincy Jones.[58]

Notes[edit]

  1. ^ Forbes Magazine "The World's Billionaires: Tory Burch" March 2013
  2. ^ a b c d "Tory Burch". New York. New York Media LLC. Retrieved 2008-08-14. 
  3. ^ a b "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved 26 June 2014. 
  4. ^ a b c d e "About Tory Burch". ToryBurch.com. Archived from the original on July 8, 2007. Retrieved 2008-08-14. 
  5. ^ . 2007-08-12 http://nl.newsbank.com/nl-search/we/Archives?p_product=PI&s_site=philly&p_multi=PI&p_theme=realcities&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=11B0400C15F95208&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM.  Missing or empty |title= (help)
  6. ^ "An Empire Of Her Own". Vanity Fair. Tory Burch, LLC. 2007-02-01. Retrieved 2012-04-25. 
  7. ^ a b c d e f g h i j k "An Empire Of Her Own". Vanity Fair. Tory Burch, LLC. 2007-02-01. Retrieved 2008-08-14. [dead link]
  8. ^ a b Fitzsimons, Amanda (2008-08-01). "Tory Burch's Philadelphia". WWDLifestyle. WWD. Retrieved 2008-08-14. 
  9. ^ Vos is Neias: "New York City - Examining The 'Halacha' If Jewish Fashion Mogul Needs A 'Get'" November 2, 2008
  10. ^ http://www.vanityfair.com/business/2012/12/tory-burch-chris-c-wonder
  11. ^ a b O'Halloran, Caroline (March 18, 2011). "Rock star ascending: Main Line-bred jewelry maker Kara Ross". Mainline Media News. Retrieved March 26, 2013. 
  12. ^ Dave, Urja (2008). "Tory Burch". Retrieved 2010-01-28. 
  13. ^ Silverman, Stephen M. (2007-10-03). "Lance Armstrong, Tory Burch Break Up". People. Time Inc. Retrieved 2008-08-14. 
  14. ^ Salkin, Allen (2008-06-22). "It’s Not About the Bike". The New York Times (The New York Times Company). Retrieved 2008-08-14. 
  15. ^ Johnson, Richard (2008-08-07). "ROSE IN BRIEF". New York Post (NYP Holdings). Retrieved 2008-08-15. [dead link]
  16. ^ Johnson, Richard (2008-08-14). "Hamptons Heavies Love Woody". New York Post (NYP Holdings). Retrieved 2008-08-15. [dead link]
  17. ^ Bankoff, Caroline (2008-08-14). "Morning Memo: No New Baby for Madonna?; The Beatrice Inn's Neighbors Speak Out; Who Owns AshleyDupre.com?". The New York Observer. Observer Media Group. Retrieved 2008-08-15. 
  18. ^ Abravanel, Lesley (2009-04-05). "Scene In The Tropics: The Hoff bypasses booze, but not the photo op". Miami Herald. Retrieved 2009-04-17. 
  19. ^ O'Connor, Clare (2013-01-03). "Fashion Tycoon Tory Burch Becomes A Billionaire (Thanks, In Part, To $200 Ballet Flats)". Forbes. Retrieved 2013-01-07. 
  20. ^ a b c Kroll, Betsy (2007-09-21). "Tory's Turn". Time (Time Inc.). Retrieved 2008-08-14. 
  21. ^ Tommye Fitzpatrick (2012-09-10). "First Person - Tory Burch Says Work Hard, Think Long Term and Be Patient". Business of Fashion. Retrieved 2013-07-03. 
  22. ^ "Self-made fashion billionaire Tory Burch still take a hands-on approach". Forbes. Carreon, Blue. 2013-10-28. Retrieved 2013-11-01. 
  23. ^ "Tory Burch talks expansion". Women’s Wear Daily (Socha, Miles). 2014-03-29. Retrieved 2014-03-28. 
  24. ^ "Tory Burch Celebrates the Opening of her New Manhattan Flagship". So Haute. 2011-09-15. Retrieved 2011-09-15. 
  25. ^ "Tory Burch Toasts New Beverly Hills Store". Women’s Wear Daily (Brown, Rachel). 2014-01-15. Retrieved 2014-01-15. 
  26. ^ "Tory Burch Opens in Seoul". Racked (Lo, Danica). 2010-06-25. Retrieved 2010-06-25. 
  27. ^ "Exclusive: Tory Burch on life 'Perpetually' out of her comfort zone and why big risks pay big dividends". Columbus Business First (McMillan Portillo, Caroline). 2014-07-23. Retrieved 2014-07-23. 
  28. ^ "Empowerment in fashion for Tory Burch". San Francisco Chronicle (Zinko, Carolyne). 2013-01-25. Retrieved 2013-01-29. 
  29. ^ "Tory Burch at Neiman Marcus". 
  30. ^ "Tory Burch at Bloomingdales". 
  31. ^ Teri Agins (2008-02-01). "How Tory Burch Found Her Stride". Wall Street Journal. Retrieved 2008-09-24. [dead link]
  32. ^ "Designer Tory Burch Sells Minority Stake". The New York Times. 2009-07-24. Retrieved 2010-05-25. 
  33. ^ Steigrad, Alexandra. "Battle of the Burches Over", Women's Wear Daily, 2012-12-31. Retrieved on 2013-1-1.
  34. ^ O'Connor, Claire. "Why Tory Burch Should Be Fashion's Next Billionaire - and How Her Ex Could Stop Her", Forbes, 2012-11-26 (online; in magazine dated 2012-12-10). Retrieved on 2013-1-1.
  35. ^ http://news.instyle.com/2013/09/26/tory-burch-fragrance-beauty-collection/
  36. ^ a b Brown, Rachel (11 February 2014). "Tory Burch Linking With Google's Lightbox for NYFW". WWD. Retrieved 11 February 2014. 
  37. ^ La Ferla, Ruth (2008-07-08). "Forget Gossip, Girl; the Buzz Is About the Clothes". The New York Times (The New York Times Company). Retrieved 2008-08-14. 
  38. ^ Van Dyk, Deirdre (2007 Style & design issue). "Who's Holding the Handbag?". Time (Time Inc.). Retrieved 2008-08-14. 
  39. ^ Horyn, Cathy (2005-09-16). "Frayed Nerves and Visions as Two Worlds Compete". The New York Times (The New York Times Company). Retrieved 2008-08-14. 
  40. ^ Prabhakar, Hitha (2007-03-14). "Tastemakers: Fashion Design". Forbes (Forbes.com LLC). Retrieved 2008-08-15. 
  41. ^ Kroll, Betsy (2007-02-27). "Pointe Guard". Time (Time Inc.). Retrieved 2008-08-14. 
  42. ^ Betts, Kate (2007 Style & design issue). "Style & Design: Global Luxury Survey". Time (Time Inc.). Retrieved 2008-08-14. 
  43. ^ "Designers Guest Star on 'Gossip Girl'". wwd.com. Retrieved 2009-08-13. 
  44. ^ "Letter to Fashion Community 25 August 2008". The Council of Fashion Designers of America. 
  45. ^ "Tory Burch and Kerry Washington". In Style. Time Inc. Retrieved 2008-08-15. 
  46. ^ "The World's 100 Most Powerful Women 28 May 2014". Forbes. 
  47. ^ "CFDA Organization". CFDA.com. 2014. 
  48. ^ The Society of Memorial Sloan Kettering Cancer Center. 2014 title=Administrative Board http://mskcc.convio.net/site/PageServer?pagename=soc_about_mission_board_main title=Administrative Board |url= missing title (help). 
  49. ^ "Breast Cancer Research Foundation Adds to Board date=13 March 2012". Women’s Wear Daily. Retrieved 7 April 2014. 
  50. ^ "Entrepreneur All-Stars Join the Startup America Partnership". the White House. 23 August 2011. 
  51. ^ "New Trustees Elected to the Board of the Barnes Foundation". Black Art in America. 17 January 2013. Retrieved 7 April 2014. 
  52. ^ "Pianist Lang Lang to perform at American Ballet Theatre’s opening night". American Ballet Theatre. 23 April 2007. Retrieved 2008-09-22. 
  53. ^ Tory Burch Foundation website
  54. ^ "Pitch Perfect Isn’t Possible — But Get Up Anyways". The Grindstone. Hale, Katie. 2013-04-15. Retrieved 2013-05-30. 
  55. ^ Burch, Tory (2009-09-17). "Guest Post: Tory Burch on Helping Small Businesses". Fortune. Retrieved 2010-01-10. 
  56. ^ Harman, Gina (2009-09-18). "Tory Burch Raises Awareness and Funds for U.S. Microfinance". AccionUSA. Retrieved 2010-01-10. 
  57. ^ "Defying the Downturn". CNBC. 
  58. ^ "Secretary Pritzker Announces Inaugural Members of the Presidential Ambassadors for Global Entrepreneurship Initiative". www.commerce.gov. 7 April 2014. 

External links[edit]