Stuart Weitzman

Stuart A. Weitzman (born 1941) is an American shoe designer, entrepreneur, and founder of the shoe company, Stuart Weitzman. Weitzman has designed footwear for Beyoncé[1] and Taylor Swift.[2][3] In 2014, Weitzman paid a world record $9.48 million for the British Guiana 1c magenta stamp. In May 2017, Stuart Weitzman Holdings, LLC, appointed Giovanni Morelli as Creative Director and Weitzman stepped down from his role.[4]

Career

In the late 1950s, Weitzman's father, Seymour Weitzman and his older brother Warren opened a shoe factory in Haverhill, Massachusetts, called "Seymour Shoes". Weitzman began designing shoes for his father's business in the early 1960s.[5]

Weitzman graduated from George W. Hewlett High School in 1958 and the Wharton School at the University of Pennsylvania in 1963.[5] When Seymour died in 1965, Warren and Stuart ran the business. They sold the business to a company in Spain in 1971, and Weitzman continued to design shoes for the company. In 1994, he bought back the business, but he continues to manufacture his shoe designs in Spain.

Weitzman is known for providing one-of-a-kind, "million dollar" shoes to an Oscar nominee to wear at the Academy Awards, including a pair of platinum sandals adorned with 464 diamonds that actress Laura Harring wore to the 2002 ceremony. For the 2007 Oscars, shoes were designed for and provided to Diablo Cody, who subsequently declined to wear them, stating that she was not aware of nor interested in the publicity attendant with wearing the shoes.[6] Weitzman uses unique materials including cork, vinyl, lucite, wallpaper, and 24-karat gold. His shoes are sold in over 70 countries.

The eponymous company that Weitzman founded has changed hands a number of times. Jones Apparel Group purchased a majority stake in the company in 2010 and later bought the remaining 45 percent of shares retained by Weitzman in 2012.[7] In January 2015, Sycamore Partners LLC (the private equity fund that owns Jones Apparel Group) agreed to sell the company to Coach, the luxury fashion house, for $574 million.[8] As part of the deal, Weitzman stayed on as a shoe designer for the company.[9]

Personal life
The British Guiana 1c magenta stamp for which Weitzman paid $9.48 million in 2014.

Weitzman is married to Jane Gershon.[10] Stuart and Jane have two daughters.

On June 17, 2014, Weitzman, who had collected stamps as a child, anonymously purchased the "world's most famous stamp", the British Guiana 1c magenta at a Sotheby's auction in New York for $9,480,000, including buyer's premium, the highest price ever paid for a postage stamp.[11][12] Weitzman has since identified himself as the purchaser and has lent the stamp to the National Postal Museum for exhibition.[13] In June 2015, Weitzman also identified himself as the current owner of the unique plate block of four 1918 U.S. 24-cent Inverted Jennies, widely regarded as the world's most celebrated philatelic printing error.[13]

Stuart has a philanthropic foundation in Spain and is a member of the Board of Trustees of the Hispanojudía Foundation.[14]

On February 26, 2019, University of Pennsylvania President Amy Gutmann announced that the School of Design will be renamed the University of Pennsylvania Stuart Weitzman School of design.[15]

References
  1. Wilson, Julee (2012-11-28). "Beyonce Honors Stuart Weitzman, 'I Have Literally Danced A Thousand Miles In His Beautiful Shoes' (VIDEO)". Huffington Post. Retrieved 2017-10-16.
  2. Henning, Kristen (2015-05-12). "Taylor Swift Continues To Wear Stuart Weitzman For '1989' Tour". Footwear News. Retrieved 2017-10-16.
  3. "Taylor Swift's Boot Game on Her 1989 World Tour Is Out of Control (Talk About #ShoeGoals)". PEOPLE.com. 2015-05-11. Retrieved 2017-10-16.
  4. Allen, Rachael; Allen, Rachael (2016-08-09). "Stuart Weitzman's Changing Of The Guard: Giovanni Morelli Named Creative Director". Footwear News. Retrieved 2020-05-13.
  5. Stuart Weitzman, Master of Mid-Market Glamour
  6. Schulman, Michael (January 21, 2013). "If the shoe fits". The New Yorker.
  7. "Jones Apparel buys majority of Stuart Weitzman". The New York Times. May 7, 2010.
  8. "Coach snaps up Stuart Weitzman". The Street. January 6, 2015.
  9. Tabuchi, Hiroko (January 6, 2015). "Coach expands luxury fashion brand buying shoemaker Stuart Weitzman". The New York Times.
  10. Boston Globe: "Jane Gershon Weitzman pens a book on art shoes" By Christopher Muther September 4, 2013
  11. "The British Guiana". Sotheby's. 17 June 2014. Retrieved 19 July 2014.
  12. "The British Guiana" (PDF). Sotheby's. 17 June 2014. Retrieved 19 July 2014.
  13. Barron, James (4 June 2015). "Stuart Weitzman to Display Rare Stamp That Fulfilled Boyhood Dream". New York Times. Retrieved 4 June 2015.
  14. https://fundacionhispanojudia.org/the-fundation/quienes-somos/?lang=en
  15. https://penntoday.upenn.edu/news/university-pennsylvania-names-school-design-recognition-stuart-weitzmans-lifetime-commitment

Notes


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