The Business of Fashion Podcast: Tory Burch and Pierre-Yves Roussel on Building a Global Brand with Local Relevance
Release Date: April 18, 2025
Host: Imran Ahmed, Founder and CEO of The Business of Fashion
Introduction
In this compelling episode of The Business of Fashion Podcast, host Imran Ahmed engages in an insightful conversation with Tory Burch, the renowned fashion designer and entrepreneur, alongside her husband and business partner, Pierre-Yves Roussel. The discussion, recorded at BoF Crossroads in Dubai, delves into the intricacies of building a global fashion brand while maintaining local relevance and authenticity.
Personal Journeys and Partnership
The episode begins with Imran Ahmed reflecting on his past interactions with Tory Burch, highlighting the unique and powerful dynamic of their personal and professional relationship.
Tory Burch shares the unconventional beginnings of her partnership with Pierre-Yves Roussel:
“We met through bankers. We had a meeting for breakfast at the Ritz in Paris and I think you had heard about our business. We had a great meeting, I think it lasted two hours.”
(00:34)
Pierre-Yves elaborates on their collaboration:
“I was very impressed with Tory's success... She was one of the very first to be on e-commerce. She created the first blog on fashion with the Tori Daly, you remember, of course, and social media.”
(03:09)
Their relationship, both personal and business-oriented, showcases a blend of Tory's entrepreneurial spirit and Pierre-Yves' methodical approach, creating a balanced leadership dynamic.
Authenticity and Local Relevance in Global Branding
A significant portion of the conversation centers on maintaining authenticity while expanding globally. Tory emphasizes the importance of genuine engagement with local cultures:
“It seems so superficial to hear, let's just transplant a Westerner into a market. And that's just the opposite of how we look at things.”
(01:04)
Pierre-Yves echoes this sentiment, stressing that authenticity is increasingly sought after by consumers:
“People are really looking for authenticity... You attract the people that relate to who you are and what you stand for and what you propose.”
(01:12)
They discuss the challenges of a saturated market where brands often use similar formulas, leading to overexposure and homogenization. Tory and Pierre-Yves highlight their strategy of deeply understanding and respecting local traditions and cultures to ensure each market feels uniquely catered to without diluting the brand's core essence.
Navigating Supply Chain and Tariff Challenges
The conversation shifts to the operational side, particularly addressing the recent tariff announcements that have unsettled the fashion industry. Imran poses questions on how businesses like Tory Burch navigate such uncertainties.
Pierre-Yves Roussel explains their diversified sourcing strategy:
“Our strategy is really finding all those global sourcing... It takes years to build the proper sourcing and the partnership with suppliers that really understand and work with you.”
(24:02)
Tory adds that their approach goes beyond mere compliance, fostering meaningful partnerships with local teams:
“We have incredible teams that partner with the people on the ground... I want to know because I'm doing all the product.”
(19:56)
Despite the unpredictability of tariffs, they maintain a steadfast focus on product quality and strategic partnerships, ensuring resilience against market fluctuations.
Strategic Growth and Market Expansion
Imran inquires about growth strategies amidst a volatile market landscape. Tory articulates their philosophy of purposeful growth:
“I want growth to be meaningful and have a long-term perspective on the health of the business.”
(28:00)
Pierre-Yves highlights the advantages of being a private company, allowing them to control growth pacing without external funding pressures:
“We can really decide the pace at which we grow... We've been self-financing our own development.”
(28:45)
They discuss their focused expansion in emerging markets like the Middle East and Southeast Asia, tailoring their offerings to meet diverse customer needs while preserving the brand's unique value proposition.
Fostering a Purpose-Driven Company Culture
A recurring theme is the alignment of business objectives with purposeful initiatives. Tory underscores the foundational belief that profit and purpose can coexist harmoniously:
“I started with an idea that business and purpose could go hand in hand... It will never change.”
(11:42)
She elaborates on their commitment to women's empowerment and creating an inclusive workplace that celebrates diversity:
“We spend a lot of time working on [company culture]... diversity is super important to me and has been from day one.”
(13:35)
Pierre-Yves adds that their authenticity and integrity resonate globally, reinforcing the brand’s mission and fostering genuine connections with customers.
Advice for Emerging Entrepreneurs
Towards the end of the episode, Imran seeks advice for budding entrepreneurs. Pierre-Yves praises Tory's positive outlook and resilience:
“As an entrepreneur, you have to look at the opportunity and you have to have an incredible drive... The personality and the character is what makes a huge difference.”
(32:53)
Tory encourages entrepreneurs to defy external expectations and carve their own paths:
“Don't let people put you in a box... write your own story.”
(33:32)
Their combined wisdom emphasizes the importance of authenticity, resilience, and purposeful growth in building a lasting and impactful business.
Conclusion
The episode concludes with reflections on the inspiring atmosphere in Dubai and the mutual appreciation between the hosts and guests. Tory expresses her admiration for the region’s vibrant culture and the genuine love people have for living authentically:
“It's really wonderful to see... more people absolutely love living here, like authentically through and through.”
(33:54)
Imran wraps up by acknowledging the invaluable insights shared by Tory and Pierre-Yves, leaving listeners with a profound understanding of what it takes to build a global brand that remains locally relevant and authentically driven.
Key Takeaways
- Authenticity is Paramount: Building a global brand requires genuine engagement with local cultures and maintaining the brand's core essence.
- Strategic Partnerships and Diversified Sourcing: Long-term relationships with local partners and a diversified supply chain are crucial for resilience against market changes.
- Purpose-Driven Growth: Aligning business growth with meaningful missions fosters deeper connections with customers and sustainable success.
- Adaptability and Resilience: Navigating industry challenges with calmness and strategic foresight ensures long-term stability and growth.
This episode serves as a valuable resource for fashion entrepreneurs and industry professionals seeking to understand the balance between global expansion and local authenticity, offering practical insights and inspirational advice from two seasoned leaders in the fashion world.