Now, it looks like her company, which is rumored to be going public, may have caught the interest of another powerful investor. According to WWD, Pierre-Yves Roussel, chief executive officer of LVMH Moët Hennessy Louis Vuitton’s fashion division, was sitting front row at Burch’s show yesterday.
But when asked if LVMH was taking an interest in the lucrative contemporary brand, Roussel remained coy. “I’ve got nothing special to say,” he said. “I like what she does. That’s the only reason.”
While Roussel’s explanation is totally plausible, we wouldn’t be surprised if the luxury conglomerate was hoping to get into the ‘affordable luxury’ business–a sector of the market that’s doing considerably better than traditional luxury. If that were the case, Tory Burch would indeed be an excellent candidate.
What’s more, now would be the time to invest in Tory Burch: The company’s IPO seems imminent, and if Michael Kors’s record-breaking public offering is anything to go by, LVMH could stand to make a lot of money if it invests with her before she goes public.
We’ll have to wait and see on this one.