– Tory Burch and Roger Farah Form Executive Directors Office to Oversee the Company’s Global Growth Strategy –
NEW YORK - Thursday, September 25th 2014 [ME NewsWire]
(BUSINESS WIRE) -- Tory Burch, LLC, today announced it has named Roger Farah co-Chief Executive Officer. Mr. Farah and Ms. Burch will also establish an Executive Directors Office (EDO), a newly formed management group made up of Brigitte Kleine, Robert Isen, Roger Farah and Tory Burch to lead and oversee the management of the company. Ms. Kleine will remain President of Tory Burch, LLC and will join the Board of Directors. Mr. Farah has also been appointed to the Board of Directors. Ms. Burch will retain her role as Chairman of the Board. Mr. Isen will retain his role as a member of the Board and continues as President of Business Development and Chief Legal Officer.
Mr. Farah’s previous experience with large international brands will strategically complement the business in its ongoing global expansion. The EDO will streamline the decision making process, enabling the company to quickly and thoughtfully execute strategic opportunities.
“We have grown significantly over the last ten years and Roger is uniquely qualified to help us continue to build and scale the business. He is an exceptional person and one of the great executives in our industry,” said Tory Burch, Chairman and co-CEO of Tory Burch, LLC. “This is an exciting moment for the company and Brigitte, Robert and I look forward to working with him.”
Mr. Farah spent fourteen years at Ralph Lauren as President and Chief Operations Officer. He joined Ralph Lauren from Venator Group, Inc. in 2000 where he was as Chairman and CEO from 1994 to 2000. He previously served as the President and COO of Macy’s Inc. and Chairman and CEO of Federated Merchandising Services and Rich’s Department Stores.
“The opportunity to join a growing, privately held, values-based company like Tory Burch was very appealing,” said Mr. Farah. “I’ve admired Tory for a long time and look forward to partnering with her and her team to execute her long-term vision.”
The company currently has 136 stores worldwide including a recently opened Shanghai flagship and has announced plans to open additional flagships in Milan, Paris and Soho, NY. The company’s recent partnerships include a successful beauty launch with Estee Lauder and upcoming watch launch with Fossil. It has also announced new distribution plans for Indonesia and Malaysia.
About Tory Burch:
Tory Burch is an iconic American brand that embodies the personal style and sensibility of its CEO and designer, Tory Burch. Launched in February 2004, the collection consists of ready-to-wear, shoes, handbags, accessories, and fragrance and beauty. There are 136 Tory Burch boutiques across North America, Europe, the Middle East, Latin America and Asia, and the brand is available at over 3,000 department and specialty stores worldwide and toryburch.com.
Tory Burch, LLC
Frances Pennington, 646-723-6629
SVP Global PR & Brand Communications