Tory Burch recalls the initial concept development phase of her fashion company with Guy Raz.
Assertion Supported
Co-founder Chris Burch personally sued Tory Burch and her entire board
“So we wanted him to change his concept, and then he sued us. He sued me personally and my entire board.”
Assertion Not checkable as stated
Michael Kors CEO told Brigitte Klein joining Tory Burch was 'career suicide'
“President, and I'll never forget her boss at the time, John Idol, told her it was career suicide coming to work for us.”
Insight
Burch: Luxury is defined by emotion and feeling, not price point
“And sort of, I also felt luxury was not necessarily about a price point. And for me, it was, I was always taught through my mom and dad that it was really, About emotion, and how something makes you feel, and time, and I just had a different perspective on wha…”
Opinion
Tory Burch: 2000s Culture Viewed Ambition as Acceptable for Men but Not Women
“I think we, I think it was in the ether that way back then. That it was okay for men to be ambitious, but not okay for women.”
Insight
Tory Burch avoided footwear licensing to prevent brand dilution, choosing partnerships
“It was dilutive, and I had seen so many wonderful brands
do too much licensing, and it was, it scared me, so we set up a production agreement.”
Disclosure
Burch: Ralph Lauren Rejected Early Design Project Submission
“While I was at Ralph, there was one time that I tried to work in design and submitted a project, and I was turned down. And I'll never, I hadn't, I don't think I've ever told anyone that.”