Tory Burch Becomes Billionaire as Ex-Husband Sells Stake - Businessweek: "“The performance of IPOs from Prada and Michael Kors are a setup for an offering from Tory Burch this year,” said Sam Hamadeh, CEO of PrivCo, in a telephone interview. “Right now, hers is mostly a U.S. brand. The upper class, preppy American look she sells -- and lives -- puts her in a good position to do very well overseas.” Tory Burch LLC sells handbags, shoes, dresses and eyeglasses through more than 80 Tory Burch retail stores and other outlets, such as Neiman Marcus, Nordstrom and Bloomingdale’s. In fiscal year 2012, the company generated more than $760 million in revenue and about $230 million in earnings before interests, taxes, depreciation and amortization, PrivCo said."
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