The Brand Seeks To Consolidate Ownership As It Restructures Its Capital Base
Tory Burch is moving to streamline its ownership structure, pursuing a refinancing deal that would facilitate the buyout of longtime investor General Atlantic.
The company plans to secure a $700 million term loan to refinance its existing debt and partially fund the potential exit of the private equity firm, alongside a new $300 million revolving credit facility, according to a company spokesperson.
The move marks a significant shift for the brand, which has counted General Atlantic among its key backers since 2012. The investment firm originally acquired its stake during a period of transition, when Christopher Burch, the designer’s former husband, divested much of his holdings following a protracted legal dispute.
If completed, the transaction would further concentrate ownership among Tory Burch herself, her family, BDT & MSD Partners, and other existing shareholders.
This is not the first time the company has used debt to reshape its shareholder base. In 2018, Tory Burch similarly refinanced to buy out early investor Tresalia Capital, a move that increased internal control over the business.
The latest refinancing suggests a continued focus on long-term independence, as the brand adjusts its capital structure while maintaining flexibility for future growth.