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Why Is Tory Burch Important

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Why is she important:
Tory Burch is important in the fashion industry because she is also a business woman and a philanthropist. People around the world needs someone to look up to, and Tory Burch is very passionate about her career, she served on the board of Council of Fashion Designers of America, the Breast Cancer Research Foundation, and Memorial Sloan-Kettering Cancer Center. She received several awards of her accomplishments in those societies, as well as “Accessory Brand Launch of the Year from Accessories Council of Excellence; and Rising Star award from Fashion Group International. Tory was named on of Forbes’s Most Powerful Women in the World” (Carrera, 2011). She was actually rated as the 73rd most powerful women.
Miuccia Prada’s …show more content…

She is currently 66 years of age. She is an Italian fashion designer who is known as the head of Prada fashion house. In 1980 she took the name “Prada” because she was adopted by her aunt. Her dad was Luigi Bianchi and her mom was Luisia Prada. Prada is also the youngest granddaughter of Mario Prada, who was the first to start the Prada fashion line. Prada received her Ph.D. in political science at the University of Milan. She joined the family business in 1970 after her grandfather died in 1950. But he did not want any female work in this family business, but Prada’s mother Luisia was the only person that was interested in taking over the business. In 1958, she took charge where the firm had found a new life under her control. When Miuccia joined the business in 1970, she managed one of the two stores that were left. 1978, she became the head of the company where by then it became just one store. She built a luxury firm of Prada into an empire of …show more content…

Her products made for both men and women She also has a separate kid’s collection. Her psychographic segmentation is that she is interested in the customer’s personal appearance, for example she wants her customers to look elegant and sophisticated, with an edge. She makes her products high class with the best materials. She makes mostly all her sales in Asia. Customers that buy her products are the ones that “receive high income, they like to buy fashionable, durable, and easy to wear items” (Lumley, 2014). The geographic segmentation is Worldwide, which also includes the Austin location which “open market with prime city and economic growth” (Lumley, 2014). Miuccia’s line gives a trusted label and a good quality product. The spending rate in Austin is 23% between the Generation Y and the Millennium. Matt Carmichael explain in his article called “Where the Millennials are” that, “They spend about fifty dollars per capita more on alcoholic beverages, four-hundred dollars more on personal services, and nearly one-hundred more on furniture” (Carmichael,

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