fashion + beauty + insider interviews + est 2006
Wednesday, July 30, 2008
new york - no, it's not what you are thinking, although i would have thought the same thing. instead, tory burch (sorry blaynistas, but i simply cannot stand those over priced ballet flats of hers, plus it gives zero foot support) is looking for an investor to buy a 30% stake in her company. i don't doubt that the offer will attract a lot of suiters as the company is hot, hot, hot at the moment. in fact, according to womens wear daily, the gross around $200 million a year in wholesale revenue alone. however, their asking price might be a bit of a damper: they are asking for about $300 million for the thirty percent stake. so far two companies are rumored to have taken the bait. stay tuned as this develops.