Tory Burch buys back Tresalia stake

American fashion brand Tory Burch is buying back its stake from Tresalia Capital, a private family investment company based out of Mexico.

In 2009, the New York-based designer had sold a minority stake of approximately 20 percent to the Tresalia Capital. Following the conclusion of this deal, the ownership stakes of Tory Burch and its major shareholders – being the investment firms General Atlantic and BDT – which they acquired in 2013, will increase.

Tory Burch today, has grown into a billion-dollar business empire since its inception way back in 2004, with collections including ready-to-wear lines- including sport and swim, shoes, handbags, accessories, watches, home and beauty products. It currently runs 150+ freestanding boutiques in more than 3,000 department and speciality stores across the world.

The company also has a line of wearable tech products, which it owns, and recently launched its first full touchscreen timepiece with the debut of the ToryTrack Gigi Touchscreen Smartwatch.