Tory Burch
Rumors about a potential IPO for the company have been buzzing for a while–and now that the designer has wrapped up that messy lawsuit with her ex Chris Burch, it looks like Tory Burch could be poised to take the financial world by storm in 2013. The company was recently valued at about $3.3 billion, after Chris Burch sold half of his stake in the company to BDT Capital Partners and General Atlantic. With that transaction Burch gained not only two powerful new investors, but a personal net worth of around $1 billion. The investment community have likened Burch’s brand of accessible luxury goods to that of Michael Kors, whose IPO in 2012 broke records.
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