Fashion, Features

LVMH Rumored to Invest in Tory Burch

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Tory Burch is on top of the world, her designs are adored by countless women, from soccer moms to socialites, her estimated net worth is one billion dollars and an IPO seems imminent. Adding to the contemporary luxury brand's momentum are rumors of Louis Vuitton Moet Hennessy's interest in investing in the brand before it goes public. Pierre-Yves Roussel, chief executive officer at LVMH was spotted in the front row of Tory Burch's NYFW show. When asked about possible interest in investing in the brand, Roussel was quick to deny the rumors, saying "“I’ve got nothing special to say, I like what she does. That’s the only reason.” Tory Burch - Runway - Fall 2013 Mercedes-Benz Fashion Week Although the Tory Burch brand has been gaining prominence over the past couple of years, it has been around since 2004, with Burch winning the CFDA's Accessory Designer of the Year award in 2008. Tory Burch is available at over 1, 000 department stores throughout North America and has 83 company-owned stores. Burch's recent divorce from Chris Burch and the subsequent sale of half of his stake in the company has propelled the label to new heights. We can only wait and see what this year will bring for company. tory_burch store

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