Forbes just ranked Diane Von Furstenberg the 33rd most powerful woman in the world. They even dared to rank her several spots higher than Anna Wintour (nope we still can't get over that). So it's almost too fitting that today, WWD is reporting that she might be looking to go public with her company.
The speculation is pegged to a new top-level executive hire, Joel Horowitz, who recently joined DVF as Cochairman. WWD calls Horowitz "one of the architects of Tommy Hilfiger’s success"--he was CEO of the company for 19 years--and surmises that he's being brought on board at DVF to take the company public or get a big outside investment.
Horowitz tells the trade,
I’ve seen so many opportunities over the past few years, but none have shown as much potential or excited me as much as DVF. Diane and her team have created something incredibly special that consumers all over the world appreciate, and I look forward to working with the management team to further grow the business.
"We are at the perfect stage for even greater worldwide growth," added Von Furstenberg. Sounds like, at the very least, growth is on the horizon for the company. Could that growth include an IPO?
WWD thinks so for a few convincing reasons. For one, Horowitz was involved in Tommy's IPO in 1992 and was a partner in Global Brands Acquisition Corp, and thus has the expertise to make an IPO happen. Also, investors are focusing on DVF (and Tory Burch and J Brand, apparently) after the success of Michael Kors' recent IPO, because of her international success in various categories and her high profile.
Von Furstenberg has said that she started her company after marrying Prince Egon of Fürstenberg because she wanted to have a job. Clearly that worked out well for her. Perhaps she'll even soon be joining current husband Barry Diller on Forbes' billionaires list...