Tory Burch

Tory Burch
Burch in India, 2009
Born Tory Robinson
(1966-06-17) June 17, 1966
Valley Forge, Pennsylvania, U.S.
Residence New York City, New York, U.S.
Education University of Pennsylvania (BA)
Occupation Fashion designer
Chairman, CEO and designer of Tory Burch LLC[1]
Known for Tory Burch line of clothing and accessories
Net worth $800 million (2018)[2]
Spouse(s) William Macklowe
(1993; divorced)
J. Christopher Burch
(1996-2006; divorced)

Tory Burch (née Robinson; born June 17, 1966) is an American fashion designer, businesswoman and philanthropist. She is the chairman, CEO and designer of her own brand Tory Burch LLC. She was listed as the 73rd most powerful woman in the world by Forbes in 2015.[3]

Early life and education

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

Her father was a wealthy investor who inherited a stock exchange seat and a paper cup company. He dated Grace Kelly and Joan Bennett before marrying Reva, an actress who had dated both Steve McQueen and Marlon Brando.[6] Burch is Jewish on her mother's side.[7][8]

Burch attended the Agnes Irwin School in Rosemont, Pennsylvania where she was a friend of jewelry designer Kara Ross.[9] Her first job was at Benetton in the King of Prussia mall.[9] She then attended the University of Pennsylvania, where she majored in art history, and graduated in 1988.[6]

Career

Early work

After graduating from college, Tory moved to New York City, where she worked for Zoran, a Yugoslavian designer,[6] followed by Harper's Bazaar magazine. She then moved into public relations and advertising positions at Vera Wang,[6][10] Polo Ralph Lauren and Loewe when Narciso Rodriguez was there.[11]

Fashion label

Burch began her fashion label – "TRB by Tory Burch", later known as Tory Burch – in February 2004, launching it with a retail store in Manhattan's Nolita district.[4][12][13]

As of 2018, it has grown to include 250 stores worldwide;[14] the fashion line is also carried at over 3,000 department and specialty stores worldwide.[15][16][17]

In 2015 Burch also introduced a separate performance activewear line, Tory Sport.[18][19][20]

Selected television appearances

Year Film Role Notes
2005The Oprah Winfrey ShowGuestApril 4, 2005 episode
2009Gossip GirlHerselfSeason 3, episode 4[21]
2010Project RunwayGuest judgeSeason 7, episode 6
2012CBS News Sunday MorningGuestJanuary 29, 2012 episode
Fashion KingHerselfCameo
IconoclastsDocumentary subjectSeason 6, episode 4
2013TodayGuestSeptember 26, 2013 episode[22]
2014Good Morning AmericaGuestOctober 14, 2014 episode
Charlie RoseIntervieweeOctober 16, 2014 episode[23]
2015CBS This MorningGuestNovember 18, 2015 episode[24]
2017Charlie RoseIntervieweeMarch 10, 2017 episode[25]
Morning JoeGuestJuly 10, 2017 episode[26]

Awards and recognition

In 2005, Burch won the Rising Star Award for Best New Retail Concept from the Fashion Group International.[4] In 2007, she won the Accessory Brand Launch of the year award at the Accessories Council Excellence Awards.[4][27] In 2008, Burch won the Council of Fashion Designers of America award for Accessories Designer of the Year.[28] Working Mother included her on their list of the 50 Most Powerful Moms of 2015.[29] In 2015, she received the Breast Cancer Research Foundation's Sandra Taub Humanitarian Award.[30][31]

Burch has consistently been included on Forbes' list of The World’s 100 Most Powerful Women.[32] As of 2015, she is listed as the 73rd most powerful woman in the world by Forbes.[3]

Philanthropy

Burch at the 2009 Vanity Fair celebration for the Tribeca Film Festival

Burch serves on the boards of the Council of Fashion Designers of America,[33] the Society of Memorial Sloan-Kettering Cancer Center,[34] the Breast Cancer Research Foundation,[35] the Startup America Partnership[36] and the Barnes Foundation.[37] She is a member of the Industry Advisory Board of the Jay H. Baker Retailing Center at the Wharton School of Business,[38] and a member of the Council on Foreign Relations.[39] She chaired the 2007 spring gala for the American Ballet Theatre.[40]

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.[41][42] The foundation is currently partnered with ACCION USA, a non-profit domestic microfinance provider founded in 1991.[43][44][45] Burch’s stores sell products whose proceeds support the foundation’s work.[46]

Among its initiatives, the Tory Burch Foundation offers an entrepreneurial education program, in collaboration with Goldman Sachs 10,000 Small Businesses and Babson College. The foundation also offers a fellows competition providing women entrepreneurs a chance to compete for business-education grants, year-long mentoring, and a $50,000 grant plus a $50,000 no-interest investment in their business.[47]

In 2014, the foundation launched Elizabeth Street Capital, an initiative with Bank of America, to provide women entrepreneurs with access to low-cost loans, mentoring support and networking opportunities. The initiative, originally named for the location of the first Tory Burch boutique, is now known as the Tory Burch Foundation Capital program.[48] By November 2017, Bank of America had committed a total of $50 million to the program.[49] As of 2018, the program is facilitating $1 million in loans each month,[50]</ref> and has provided over $36 million in loans to more than 1,775 women.[51]

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.[52]

In March 2017, to coincide with International Women's Day and Women's History Month, the Tory Burch Foundation launched Embrace Ambition, a global campaign to address the double standard that exists around ambition, which is often seen as a positive trait in men and a negative one in women. The campaign includes a video PSA featuring a variety of celebrities, both women and men.[53][54][55] In September 2017, Burch wrote an opinion piece in Time on pay equity for women, noting how equal pay benefits society and business across the board.[56] In April 2018 Burch and her foundation hosted the first Embrace Ambition Summit, an all-day event supporting women’s ambition and examining stereotypes about women and ambition in the workplace, at Lincoln Center in New York and also viewable on the Tory Burch Foundation website.[57][58][59][60][50]

Personal life

In 1993 she married William Macklowe, son of real-estate tycoon Harry B. Macklowe, and was divorced within a year.[61] In 1996 she married J. Christopher Burch,[62] an investor in Internet Capital Group, a venture capital firm founded by Walter Buckley and Ken Fox. They have three sons: Henry, Nicholas "Nick", Sawyer. She also has three stepdaughters from his previous marriage. They divorced in 2006. She continues to use his last name, and for some time continued to live with her children in their New York City apartment.[63]

She dated Lance Armstrong in 2007.[64][65] Afterward she was for some time linked to Lyor Cohen.[66][67][68] In early 2016 Burch became engaged to Pierre-Yves Roussel, the chairman and CEO of the LVMH Fashion Group. The couple had been dating since 2014.[69]

Forbes magazine has estimated that she is a billionaire, with a net worth of $1.0 billion as of 2013.[70]

References

  1. ↑ "About Us". ToryBurch.com.
  2. ↑ "Tory Burch". Forbes. Retrieved August 5, 2018.
  3. 1 2 "The World's 100 Most Powerful Women: #73 Tory Burch". Forbes. Retrieved June 5, 2015.
  4. 1 2 3 4 "About Tory Burch". ToryBurch.com. Archived from the original on July 8, 2007. Retrieved August 14, 2008.
  5. ↑ Lutz, Ashley (February 11, 2014). "How Tory Burch Became A Fashion Billionaire In Less Than A Decade". Business Insider.
  6. 1 2 3 4 5 Shnayerson, Michael (February 1, 2007). "An Empire Of Her Own". Vanity Fair. Retrieved October 18, 2014.
  7. ↑ "New York City - Examining The 'Halacha' If Jewish Fashion Mogul Needs A 'Get'". Vos is Neias. November 2, 2008.
  8. ↑ Grigoriadis, Vanessa (December 2012). "Tory Burch's Ex Factor". Vanity Fair.
  9. 1 2 O'Halloran, Caroline (March 18, 2011). "Rock star ascending: Main Line-bred jewelry maker Kara Ross". Mainline Media News. Archived from the original on April 11, 2013. Retrieved March 26, 2013.
  10. ↑ Kroll, Betsy (September 21, 2007). "Tory's Turn". Time. Retrieved August 14, 2008.
  11. ↑ Fitzpatrick, Tommye (September 10, 2012). "First Person - Tory Burch Says Work Hard, Think Long Term and Be Patient". The Business of Fashion. Retrieved July 3, 2013.
  12. ↑ Wahba, Phil (September 25, 2014). "Tory Burch takes on Ralph Lauren veteran as co-CEO". Fortune. Retrieved October 29, 2014.
  13. ↑ Agins, Teri. "How Tory Burch Found Her Stride". The Wall Street Journal. February 1, 2008.
  14. ↑ Larino, Jennifer (July 31, 2018). "Tory Burch opening a New Orleans boutique this fall". The Times-Picayune. Retrieved August 11, 2018.
  15. ↑ Clifford, Catherine (May 12, 2017). "Why one exec passed up the chance to be president of this $127 billion company". CNBC. Retrieved May 17, 2017.
  16. ↑ Portillo, Caroline McMillan (July 23, 2014). "Exclusive: Tory Burch on life 'Perpetually' out of her comfort zone and why big risks pay big dividends". Columbus Business First. Retrieved July 23, 2014.
  17. ↑ Zinko, Carolyne (January 25, 2013). "Empowerment in fashion for Tory Burch". San Francisco Chronicle. Retrieved January 29, 2013.
  18. ↑ Tory Sport – Official website. TorySport.com. Retrieved September 18, 2015.
  19. ↑ Sherman, Lauren (September 17, 2015). "What Tory Burch Did Next". The Business of Fashion. Retrieved September 19, 2015.
  20. ↑ Haskell, Rob (July 23, 2015). "Tory Burch on Her New Sports Line, Finding Love, and Redefining Success". Vogue. Retrieved September 19, 2015.
  21. ↑ "Designers Guest Star on 'Gossip Girl'". Women's Wear Daily. Retrieved August 13, 2009.
  22. ↑ "Today NBC September 26, 2013 7:00am-11:00am EDT". Internet Archive. Retrieved August 11, 2018.
  23. ↑ "Tory Burch". Charlie Rose. CharlieRose.com (video). October 16, 2014. Archived from the original on November 13, 2014. Retrieved November 8, 2014.
  24. ↑ Lee, Rebecca (November 18, 2015). "Tory Burch announces new program to empower female entrepreneurs". CBS News. Retrieved August 11, 2018.
  25. ↑ "Tory Burch" (video). Charlie Rose. Retrieved August 11, 2018.
  26. ↑ "Tory Burch on the 'Embrace Ambition' campaign" (video). MSNBC. July 10, 2017. Retrieved August 11, 2018.
  27. ↑ "Tory Burch and Kerry Washington". In Style. Archived from the original on October 9, 2008. Retrieved August 15, 2008.
  28. ↑ "Letter to Fashion Community 25 August 2008". The Council of Fashion Designers of America.
  29. ↑ Drain, Kelsey (May 5, 2015). "Victoria Beckham, Tory Burch, Jenna Lyons Named On '50 Most Powerful Moms Of 2015' List". Fashion Times. Retrieved September 19, 2015.
  30. ↑ "Symposium and Awards Luncheon October 29, 2015". BCRFcure.org. Breast Cancer Research Foundation. Retrieved November 6, 2015.
  31. ↑ Breast Cancer Research Foundation (November 2, 2015). "The Breast Cancer Research Foundation Celebrates $48.5 Million Commitment to Breast Cancer Research". PR Newswire. Retrieved November 6, 2015.
  32. ↑ "The World's 100 Most Powerful Women 28 May 2014". Forbes.
  33. ↑ "CFDA Organization". CFDA.com. 2014.
  34. ↑ "Administrative Board". The Society of Memorial Sloan Kettering Cancer Center. 2014. Archived from the original on April 7, 2014.
  35. ↑ "Breast Cancer Research Foundation Adds to Board". Women’s Wear Daily. March 13, 2012. Retrieved April 7, 2014.
  36. ↑ "Entrepreneur All-Stars Join the Startup America Partnership". the White House. August 23, 2011.
  37. ↑ "New Trustees Elected to the Board of the Barnes Foundation". Black Art in America. January 17, 2013. Archived from the original on March 20, 2013. Retrieved April 7, 2014.
  38. ↑ Jay H. Baker Retailing Center – Industry Advisory Board Archived March 15, 2015, at the Wayback Machine.. Wharton School of Business, University of Pennsylvania. Wharton.UPenn.edu. Retrieved April 8, 2015.
  39. ↑ Membership Roster – Letter B. Council on Foreign Relations. CFR.org. Retrieved April 8, 2015.
  40. ↑ "Pianist Lang Lang to perform at American Ballet Theatre's opening night". American Ballet Theatre. April 23, 2007. Retrieved September 22, 2008.
  41. ↑ Tory Burch Foundation website
  42. ↑ Hale, Katie (April 15, 2013). "Pitch Perfect Isn't Possible — But Get Up Anyways". The Grindstone. Retrieved May 30, 2013.
  43. ↑ Burch, Tory (September 17, 2009). "Guest Post: Tory Burch on Helping Small Businesses". Fortune. Archived from the original on September 24, 2009. Retrieved January 10, 2010.
  44. ↑ Harman, Gina (September 18, 2009). "Tory Burch Raises Awareness and Funds for U.S. Microfinance". AccionUSA. Archived from the original on June 21, 2010. Retrieved January 10, 2010.
  45. ↑ Portillo, Caroline McMillan (July 19, 2014). "Billionaire designer Tory Burch says it pays to be generous, scrappy and a little stubborn". BizWomen.com.
  46. ↑ "Defying the Downturn". CNBC.
  47. ↑ Moran, Gwen (November 18, 2015). "Tory Burch is Offering Big Money to Women Business Owners". Fortune. Retrieved November 20, 2015.
  48. ↑ "Tory Burch Foundation and Bank of America Double Investment in Capital Program Supporting Women Business Owners". Economics Week. April 29, 2016. Archived from the original on October 8, 2016.
  49. ↑ "Bank of America's Funding of the Tory Burch Foundation Benefits Female Entrepreneurs". American Entrepreneurship Today. November 10, 2017. Retrieved February 27, 2018.
  50. 1 2 Field, Shivaune (April 30, 2018). "Own Your Ambition: Tory Burch On Thinking Big And Leadership in 2018". Forbes. Retrieved June 13, 2018.
  51. ↑ Taylor, Amanda (April 27, 2018). "Tory Burch Wants to Change the World—But, No, She Isn't Running for Office". Observer. Retrieved August 11, 2018.
  52. ↑ "Secretary Pritzker Announces Inaugural Members of the Presidential Ambassadors for Global Entrepreneurship Initiative". commerce.gov. April 7, 2014.
  53. ↑ Bernstein, Jacob (March 1, 2017). "When Did 'Ambition' Become a Dirty Word?". The New York Times. Retrieved March 21, 2017.
  54. ↑ O'Connor, Clare (March 8, 2017). "Fashion Mogul Tory Burch Talks Ambitious Women And Equal Pay". Forbes. Retrieved March 21, 2017.
  55. ↑ "Embrace Ambition". ToryBurchFoundation.org. Retrieved March 21, 2017.
  56. ↑ Burch, Tory (September 22, 2017). "Tory Burch: Why Equal Pay Is Good Business". Time. Retrieved October 10, 2017.
  57. ↑ Sundberg, Emily (April 23, 2018). "How I Get It Done: Tory Burch". The Cut. Retrieved June 13, 2018.
  58. ↑ Mehta, Stephanie (April 23, 2018). "Tory Burch Wants Women To Know It's OK To Be Ambitious". Fast Company. Retrieved June 13, 2018.
  59. ↑ Minutaglio, Rose (May 4, 2018). "Tory Burch Talks Ambition, Pay Parity, and the #MeToo Movement". Harper's Bazaar. Retrieved June 13, 2018.
  60. ↑ Kim, Leena (April 26, 2018). "Inside Tory Burch's Embrace Ambition Summit". Town & Country. Retrieved June 13, 2018.
  61. ↑ Davé, Urja (2008). "Tory Burch". Archived from the original on January 30, 2010. Retrieved January 28, 2010.
  62. ↑ Fitzsimons, Amanda (August 1, 2008). "Tory Burch's Philadelphia". WWDLifestyle. Retrieved August 14, 2008.
  63. ↑ "Tory Burch". New York. Retrieved August 14, 2008.
  64. ↑ Silverman, Stephen M. (October 3, 2007). "Lance Armstrong, Tory Burch Break Up". People. Retrieved August 14, 2008.
  65. ↑ Salkin, Allen (June 22, 2008). "It's Not About the Bike". The New York Times. Retrieved August 14, 2008.
  66. ↑ Johnson, Richard (August 7, 2008). "ROSE IN BRIEF". New York Post. Archived from the original on September 9, 2008. Retrieved August 9, 2008.
  67. ↑ Johnson, Richard (August 14, 2008). "Hamptons Heavies Love Woody". New York Post. Archived from the original on August 28, 2008. Retrieved August 24, 2008.
  68. ↑ Abravanel, Lesley (April 5, 2009). "Scene In The Tropics: The Hoff bypasses booze, but not the photo op". The Miami Herald. Retrieved April 17, 2009.
  69. ↑ Friedman, Vanessa (January 4, 2016). "Tory Burch and Pierre-Yves Roussel Become Fashion's Newest Power Couple". The New York Times. Retrieved January 4, 2016.
  70. ↑ O'Connor, Clare (January 3, 2013). "Fashion Tycoon Tory Burch Becomes A Billionaire (Thanks, In Part, To $200 Ballet Flats)". Forbes. Retrieved January 7, 2013.

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