Less than a decade after she started a fashion brand in her kitchen, Tory Burch is officially a billionaire.Her eponymous fashion line, which includes high-end handbags and Reva ballet flats, is ubiquitous.
The designer’s bags, sunglasses and shoes are flying off the shelves at Bloomingdale’s, Nordstrom and Saks. She’s competing with more established brands like Coach, Michael Kors and Kate Spade—and winning.
Burch’s company is now valued at more than $3.5 billion.
Burch started her career a fashion copywriter. After her ex-husband, retail tycoon Christopher Burch, gave her $2 million, she began designing clothes in her kitchen. Before long, she had an important celebrity endorsement and soaring sales figures.
We mapped out how Burch became a fashion billionaire.
Her mother is a former actress, while her father was an investor. She graduated high school and attended the University of Pennsylvania.
She worked for Vera Wang, Ralph Lauren and Harper's Bazaar.
It's located in the retail mecca of NoLita. Pictured is her Madison Avenue store.
Her line was 'preppy-boho' and was credited with making T-shirts trendy again.
Oprah, a fan of her work, called Burch 'the next big thing in fashion.'
The flats were an instant smash and would change women's casual and workwear.
Burch beat out heavyweights like Michael Kors and Marc Jacobs.
Vogue reviewed her show and said: 'Bravo, Tory Burch, then, for brilliantly flying the flag for sparkling newness without forgetting that great clothes should feel joyful and uplifting without being entirely devoid of practicality.'
Her brand is available at 49 free-standing Tory Burch stores across the U.S., 24 international stores,
toryburch.com, and over 1,000 select department and specialty stores worldwide.
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