Tariffs: Fashion's Fiscal Fall

Tory Burch, the founder of the eponymous high-end fashion label, is stepping down as CEO after nearly two decades at the helm. Pierre-Yves Roussel, Burch's husband and the CEO of Sidney Toledano's fashion investment vehicle, will take over the role, effective early 2025. This change allows Burch to focus on the creative aspects of the brand and the Tory Burch Foundation. As Executive Chairman and Chief Creative Officer, Burch will dedicate her time to product design, brand evolution, and the foundation's philanthropic efforts, particularly empowering women entrepreneurs. Roussel brings extensive experience in the luxury fashion industry, having previously held leadership positions at LVMH, including CEO of the LVMH Fashion Group. His background is expected to bring a new perspective to the business strategy and operational efficiency of Tory Burch. The transition marks a significant shift in leadership for the company, signaling a move towards leveraging Roussel's business acumen to further scale the brand globally, while allowing Burch to concentrate on her creative vision and social impact initiatives. The change is portrayed as a strategic evolution designed to support the brand's continued growth and innovation in the competitive fashion market. find the original article here: https://finance.yahoo.com/news/founder-high-end-fashion-label-130940933.html