The famous American fashion brand Tory Burch is currently exploring the hypothesis of an initial public offering, in collaboration with the bank Morgan Stanley. Founded by the eponymous designer, the brand had already mooted the idea in 2012, before abandoning it in 2015 due to legal problems.
Tory Burch, the famous American fashion brand, is preparing for an important milestone in its history. According to sources close to the matter, the company is working closely with the investment bank Morgan Stanley to explore various strategic options.
This could pave the way for an initial public offering, among other alternatives such as new investors or an outright sale.
Founded in 2004 by American fashion designer Tory Burch, the eponymous brand has rapidly acquired a place of choice in the fashion world. Initially known for its emblematic ballerinas, Tory Burch has broadened its offering with a refined, preppy aesthetic that has conquered the fashion world.
Tory Burch’s IPO could mark a decisive turning point. However, the brand remains silent on this potential listing.
“As an independent private company, we do not comment on our strategy,” said a company spokesperson. “We are focused on developing our global brand with an emphasis on creativity, innovation and operational excellence.”
Evolution of investors
Over the years, the company’s structure has evolved with the entry of various investors. In 2009, Mexico-based investment fund Tresalia acquired a 20-25% stake in the company, valuing it at around $1 billion.
Then, in 2012, General Atlantic and BDT Capital Partners joined the venture by taking minority stakes, putting an end to a complex legal dispute involving Tory Burch’s ex-husband Christopher Burch and his rival brand, C Wonder, accused of plagiarism.
Despite persistent speculation about going public, it’s been several years since Tory Burch showed much enthusiasm for this option. In 2012, the businesswoman even denied that her company would be listed in the near future, due to the lawsuit between her and her ex-husband.
“Being private is a luxury and something I’ve always thought about,” she had declared in 2015.
Consolidated company
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Featured photo : ©Tory Burch
