NEW YORK • Jay Z and Beyonce, watch out: There is a new fashion power couple in town.
Just after the new year, Tory Burch, chairman and chief executive of the American brand that carries her name (valued early last year at US$3.25 billion, or S$4.67 billion), and Pierre-Yves Roussel, chairman and chief executive of LVMH Fashion Group, which includes such brands as Givenchy, Celine, Loewe, Kenzo and Marc Jacobs, became engaged.
Although fashion history is rife with power couples working together, from Prada's Patrizio Bertelli and Miuccia Prada to Gucci's Frida Giannini and Patrizio di Marco; Valentino's Valentino Garavani and Giancarlo Giammetti (together personally as well as professionally, at least in the early days); and Dolce & Gabbana's Domenico Dolce and Stefano Gabbana (ditto), this is the first time players atop two different empires have bridged the gap.
The couple, who met when Roussel was exploring the United States market for LVMH (including the vague idea that LVMH might buy Tory Burch), have been together since 2014.
Each has been married before, Burch to William Macklowe (briefly, in her 20s) and then to Chris Burch, with whom she had three sons, started her clothing company, divorced and then had an acrimonious, and relatively public, professional battle that was settled in late 2012 when he sold about half of his shares in Tory Burch.
She dated cyclist Lance Armstrong and Lyor Cohen, former chief executive of Warner Music Group, after her divorce from Chris Burch; her relationship with Cohen ended just after her dispute with Chris Burch was resolved.
Tory Burch also has three stepchildren and Roussel has three sons from his previous marriage.
Anna Wintour, editor of Vogue and artistic director of media company Conde Nast, wrote in an e-mail: "With some couples, you wonder why they're together. With Tory and Pierre-Yves, you can't ever imagine them apart. They are the very definition of 'the perfect match': both brilliant, both charming, both with three sons, both sharing the same interests and pursuits."
There are no plans for either Roussel or Burch to move, although Roussel has been splitting his time between New York and Paris.
Roussel has also been vocal about his interest in the contemporary market in the US and has been a scouting presence at many New York Fashion Week shows.
Expect much scrutiny around his appearance or non-appearance along different catwalks when the womenswear collections begin next month.
NEW YORK TIMES