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Tory Burch history
Tory Burch company history timeline
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.
Tory Burch LLC derived its name from its founder—Tory Burch, and it’s a United States-based fashion brand in New York City. It got started about seventeen years ago, precisely in February 2004, and currently has a presence worldwide.
The logotype seen on the items sold under the Tory Burch brand has not actually changed since 2004 when it made its debut.
Founded in New York City in 2004, Tory Burch has redefined American luxury with a global point of view.
In April 2005, Tory Burch enjoyed the power of celebrity endorsement.
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.
With these immediate achievements, Fashion Group International awarded Tory Burch with the 2005 Rising Star Award for Best New Retail Concept.
Mexican equity firm Tresalia Capital, in 2009, bought a minority share in the company.
In 2009, she established the Tory Burch Foundation to advance women’s empowerment and entrepreneurship by providing access to capital, education and digital resources, and tackling stereotypes that hold women back.
In 2009, Burch sold a minority stake in her company to a Mexican private equity firm, Tresalia Capital.
So in September 2011, Tory Burch had her first debut runway fashion show in New York.
In September 2011, Burch did her first runway fashion show, and has continued to show each season at New York Fashion Week.
Additional minority investors were added in December 2012 in conjunction with the settlement of a legal dispute between Burch and her ex-husband.
In Fall 2013, Burch launched her first fragrance and a beauty capsule collection with Estée Lauder.
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.
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.
In July 2015, Burch launched her first boutique in Paris.
Initially, the company had plans to raise funds through an IPO; however, the idea was boycotted and announced in 2015.
A stand-alone store on Fifth Avenue in New York, as well as boutiques in East Hampton and Dallas, were opened in 2016.
In 2018, the company bought back Tresalia Capital's minority stake in the business.
Tory Burch, as of 2019, has a net worth of $850 million.
The impact of this staffing strength on the brand’s 2020 annual revenue was reported to be about $318.42 million.
With this as a clear indicator, Forbes in 2020 couldn’t meddle with words as they ranked her the 88th most powerful woman in the entire world.
In 2021, the Tory Burch company and the School of Fashion at Parsons School of Design announced a five-year multi-disciplinary educational partnership.
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Tory Burch competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ralph Lauren | 1967 | $6.6B | 18,250 | 423 |
| Abercrombie & Fitch Co | 1892 | $4.9B | 44,000 | 2,523 |
| Victoria's Secret | 1977 | $6.2B | 97,000 | 940 |
| GUESS | 1981 | $3.0B | 14,701 | 211 |
| Gap Inc. | 1969 | $15.1B | 117,000 | 51 |
| Versace | 1978 | $1.8B | 1,500 | 26 |
| Elie Tahari | 1973 | $690,000 | 25 | - |
| C. Wonder | 2011 | - | 350 | - |
| Madewell | 2006 | $3.0M | 35 | 143 |
| The Donna Karan Company LLC | 1984 | $440.0M | 3,000 | - |
Tory Burch history FAQs
Zippia gives an in-depth look into the details of Tory Burch, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tory Burch. The employee data is based on information from people who have self-reported their past or current employments at Tory Burch. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tory Burch. The data presented on this page does not represent the view of Tory Burch and its employees or that of Zippia.
Tory Burch may also be known as or be related to Tory Burch and Tory Burch LLC.