Is Tory Burch Going Public?

11:37 am, February 14th | by Hillary Reinsberg

Tory Burch is pretty much plastered to the news this week — she had her star-studded show at New York Fashion Week this morning and the story of her legal battles with her ex-husband grace the pages of the latest issue of New York magazine. Here’s the cherry on top: now everyone’s asking if she’ll go public.

With over $450 million in annual sales and 65 stores internationally, it’s a fair question to ask. And Michael Kors, a label you might put in her peer group, filed an extremely successful IPO in December. So, will Burch bite the bullet and cash out?

Sources tell WWD it’s a big no for now. Burch, they say, makes more than enough to satisfy her lifestyle — and isn’t interested in taking her business to the Wall Street banks just yet. That makes sense too. Burch’s ex-husband, a financier and venture capitalist, started a line called C. Wonder this year, that many allege is essentially a cheap Tory Burch copycat. Not exactly a shock that Burch, who’s noted recently how well everything’s going for her both in business and in life, doesn’t want to get caught up with finance world hobnobbing right now.

TAGS: Tory Burch | tory burch ipo | tory burch public

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