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Background:
Right from the outset, Tory Burch had a vision: to create a business where profit and purpose could go hand in hand. She was quick to take her brand global, first to Tokyo in 2009, and then on to Rome, Paris, Shanghai and beyond.
Today, Tory Burch operates more than 350 stores around the world and across the Global South, including the Middle East, Latin America and South East Asia.
Her partner in life and business, Pierre-Yves Roussel, joined the company as CEO in 2019 after working with some of the industryâs top creatives as Chairman and CEO of the fashion group at LVMH. Together, theyâve taken a measured, intentional approach to growth, balancing global ambition with a focus on finding local relevance.
âIt seems so superficial to hear, âletâs just transplant a Westerner into a [different] market. Thatâs just the opposite of how we look at things,â says Burch. âAuthenticity is what people are going to be looking for more and more,â adds Roussel. âYou donât try to please every customer in the world. You attract the people that relate to who you are and what you stand for and what you propose.â
This week on The BoF Podcast, BoF founder and CEO Imran Amed in conversation with Tory and Pierre-Yves from BoF CROSSROADS in Dubai, exploring what it means to build an authentic, global brand in todayâs competitive fashion marketplace.
Key Insights:
- Burch believes purpose should drive business strategy. âFrom day one, my business plan was how do we have a successful business with incredible products that actually have deeper meaning and support a foundation for women entrepreneurs,â she says.
- Roussel emphasises authenticity as the key differentiator in todayâs saturated fashion landscape. âPeople probably feel that thereâs too much formula around. Everyone is doing pretty much the same thing. People are really looking for authenticity.â
- Operating globally requires deep local insights. For Burch and Roussel, global expansion isnât about transplanting a fixed brand formula. Instead, itâs about deeply understanding and respecting local traditions. âIt seems superficial to transplant a Westerner into a market â thatâs the opposite of how we look at things,â says Burch. Roussel adds, âYou donât change the essence of who you are, but you translate it into the local culture.â
- Navigating uncertainty, like shifting global tariffs, requires resilience. âGrace under pressure is very important,â says Burch. âYou have to be calm, not overreact or overcorrect, because itâs an iterative process.â
- Thoughtful growth is central to Burch and Rousselâs strategy. âIâve always wanted to be the most exceptional company, not necessarily the biggest,â Burch explains. Roussel adds that âitâs more about being focused and really going after things we really want.â