Steve Madden, LTD.

Type	Public (NASDAQ: SHOO)
Industry	Shoes
Founded	1990
Headquarters	52-16 Barnett Ave. Long Island City, New York United States
Key people	Michael Willhite; President Steve Madden; Fashion Director
Products	Shoes
Revenue	$431.0 million USD (2007)
Website	www.SteveMadden.com

A shop located in Beijing

Steve Madden (born 1958) is the founder and former CEO of Steve Madden Ltd., a footwear company.

Born in Far Rockaway, Queens, Madden grew up in adjoining Lawrence in Nassau County, New York.^[1]

Steve Madden, Ltd. was named "Company of the Year" for 2006 at the Footwear News Achievement Awards in New York City on December 5, 2006. Madden said, in accepting the award, that he was going to use this award as a stepping off point for improving his company's image.^[2]

Fraud[link]

Madden's financial affairs were closely entangled with Long Island 'pump and dump' brokerage Stratton Oakmont, cofounded by Madden's childhood friend Danny Porush. In 2001, the SEC filed charges against Madden in Federal Court in New York state, alleging SEC violations. [1] Because the violations weren't criminal in nature, the SEC was seeking to recover $1,637,000 in a combination of illegally avoided losses, interest, and a civil penalty.

In 2002, Madden was convicted of stock manipulation, money, and securities fraud. He was sentenced to 41 months in prison, and was made to resign as CEO from Steve Madden Ltd and from the board of directors.^[3]

Shortly after resigning as CEO, Madden set himself up as a creative consultant with Steve Madden Ltd., a position for which he drew $700,000 even when he was in prison.[2]

Madden served in a federal prison at Eglin Air Force Base, and later Coleman Federal Correctional Complex, near Ocala FL. Madden was released from prison in April 2005.^[4] He then attended a New York City halfway house.^[5] Madden's attorney, Joel Winograd, said that Madden would stay at the house for 60 days.^[6] After his release from a halfway house, he was restricted to home confinement for a period.^[7]

He appears in Jordan Belfort's memoir of the events, The Wolf of Wall Street.

He is currently married to Wendy Ballew, his former director of operations. The couple has two children.

References[link]

Sources[link]

• Ron Telpner, Marketing Magazine: "Ron's Red Shoe Diary". Toronto: Rogers Publishing, September 8, 2003.
• http://www.slate.com/?id=2064214
• Steve Madden: Crisis of the Sole 2001 New York article on Stratton Oakmont and their client Steve Madden.

v t e High-heeled footwear Shoes Court shoe Mule Peep-toe shoe Platform shoe Slingback Boots Ballet boot Beatle boot Cowboy boot Fashion boot Kinky boots Knee-high boot Platform boot Thigh-high boots Winklepickers Types of heel Clear heels Kitten heel Spool heel Stiletto heel Wedge heel People and brands ALDO Group Manolo Blahnik Jimmy Choo Kenneth Cole Patrick Cox Terry de Havilland Salvatore Ferragamo Maud Frizon Cole Haan Hush Puppies Charles Jourdan Beth Levine Christian Louboutin Steve Madden Bruno Magli Nine West Beatrix Ong Prada Sergio Rossi Yotam Solomon United Nude Roger Vivier Stuart Weitzman Giuseppe Zanotti

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Tory Burch
Burch in India
Born	(1966-06-17) June 17, 1966 (age 46) Valley Forge, Pennsylvania, United States
Residence	New York, New York
Nationality	American
Education	University of Pennsylvania
Occupation	Fashion designer
Known for	Bohemian chic accessories
Awards	2005 Rising Star, Fashion Group International; 2007 brand launch award, Accessories Council of Excellence; CFDA Accessories Designer of the Year, 2008
Labels	Tory Burch

Tory Burch (born June 17, 1966; née Robinson) is an American fashion designer, business woman and philanthropist who was born, raised and educated in the Philadelphia metropolitan area.

She attended the Agnes Irwin School in Rosemont, PA, and the University of Pennsylvania, where she was a member of the sorority Kappa Alpha Theta. After graduation, she moved to New York City, where she began a career working with fashion designers, including Zoran, a Yugoslavian designer.^[1] She worked at Harper's Bazaar magazine.^[1][2] She was a copywriter for Polo Ralph Lauren and worked for Vera Wang.

She began a fashion label in February 2004. The label was an immediate success and was endorsed by Oprah Winfrey the following year. The label has stores in several large American cities and has lines that are sold in several upscale specialty department stores. Burch has won several fashion awards for her designs. The company has since grown to 36 stores, four of which are outlet stores in Woodbury Commons, NY; San Marcos, TX; Camarillo, CA; and Orlando, FL Premium Outlets. Her fashion label known as "TRB by Tory Burch"—later as "Tory Burch"—began as a business operation in her Upper East Side apartment and quickly blossomed into free-standing boutiques,^[3] now numbering 68.^[4] In February 2004, Tory Burch opened a flagship store in the NoLIta neighborhood of Manhattan in New York City.^[5][6] The store was almost completely sold out on the first day.^[6] Stories about her and her fashion line have been in a broad spectrum of magazines and newspapers,^[7] and in April 2005, Winfrey endorsed her line on The Oprah Winfrey Show.^[3]

Personal life[link]

Born in Valley Forge, Pennsylvania,^[5] Burch was raised with her three brothers (Robert, James and Leonard) ^[8] in a Valley Forge farmhouse where her mother, Reva Robinson, still lived in 2008.^[9] The house is a 250-year old Georgian near the Valley Forge National Historical Park.^[1] Her mother is a former actress who dated Steve McQueen and Marlon Brando.^[1] Her father, Buddy Robinson, who was a wealthy investor, is now deceased.^[9] Her father inherited a stock exchange seat and a paper cup company. He dated Grace Kelly and Joan Bennett.^[1] Tory's father was fourteen years older than her mother.^[1] Burch is ethnically half Jewish from her mother's side.^[10]

Burch in Porto Ercole, Italy, wearing a Tory Burch tunic

Tory served as captain of the tennis team and rode horses while at the Agnes Irwin School.^[1] Tory attended the University of Pennsylvania, where she was a member of the Kappa Alpha Theta sorority. She majored in art history, and graduated in 1988.^[1]

In 1993, she married William Macklowe, son of real-estate tycoon Harry B. Macklowe.^[11] They divorced within a year.^[12] In 1997 she married Christopher Burch,^[9] an investor in Internet Capital Group, a venture capital firm founded by Walter Buckley and Ken Fox. They had three children: twins Henry and Nick (b. 1997) and Sawyer (b. 2001). They divorced in 2001.^[13] Burch also has three stepdaughters from her marriage to Christopher Burch: Alexandra, Elizabeth, and Louisa.^[9]

She dated Lance Armstrong in 2007^[14][15] and more recently, she has been linked to Lyor Cohen.^{[16][17][18][19]}

Business[link]

Shoe with Tory Burch medallion

Her company produces caftans, sequined cardigans, tunics, children's swimwear, jewelry, handbags, shoes, and sunglasses.^[3] The style has been described as Preppy-boho and Preppy-bohemian luxe.^[3] Some select styles of sunglasses, such as the Rounded Aviator, have the signature logo printed on the lens.^[5] Her styles are popular with the viewers and fans of the television show Gossip Girl, which they often appear on,^[20] and her style transcends generations.^[21] Her style is known for being easy to wear.^[2][22] In 2007, there were wait lists to buy her fashions,^[23] which are hallmark representations of and homages to 1950s and 1960s fashions.^[1][24] Her fashions are known for including her T-logo medallion.^[2] Her clothing is versatile enough to be part of the wardrobe of a clientele ranging from working women and soccer moms to socialites and wealthy women.^[1][25] Burch named her popular line of Reva ballerina flats after her mother.^[1] Burch is known as one of the leaders in turning the t-shirt into a fashion item.^[26]

In 2008, she beat Marc Jacobs and Michael Kors for the Council of Fashion Designers of America, as the accessories designer of the year.^[27] In 2007, she won the Accessory Brand Launch of the year award from the Accessories Council of Excellence.^[5][28] In 2005, she won Rising Star Award to Burch for best new Retail Concept from the Fashion Group International.^[5]

In 2009, Burch appeared in the fourth episode of Gossip Girl season three as herself.^[29]

Burch at the 2009 Tribeca Film Festival

As of April 2012, there were 68 Tory Burch stores worldwide, 48 in the US and 20 internationally.^[30] Her fashion line is carried at over 1,000 department and specialty stores worldwide,^[31] including Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus^[32] Nordstrom and Bloomingdale's.^[33] In 2009, Tory Burch sold a minority stake in her company to a Mexican private equity firm, Tresalia Capital.^[34]

Philanthropy[link]

In 2008, Burch founded the Tory Burch Foundation, which provides "economic opportunities to women and their families".^[35] The Tory Burch Foundation is currently partnered with ACCION USA to provide domestic microfinance to low income entrepreneurs in the United States.^[36] ACCION USA is a non-profit domestic microfinance provider founded in 1991.^[37] Burch explained the reason for her focus as “I like microfinance in particular because it isn’t charity in the traditional sense. It’s about investing in people who might otherwise not have the chance to pursue their goals and helping families lift themselves out of poverty…It’s also incredibly important to the economic recovery of our country.”^[36] Burch’s stores sell several products whose proceeds support the Foundation’s work.^[38]

Burch is on the board of the Memorial Sloan-Kettering Cancer Center and, in 2006, chaired the spring gala for the American Ballet Theatre which raised an estimated $1.8 million. In 2008, Burch was honored at a Colleague Helpers in Philanthropic Services (C.H.I.P.S.) luncheon that benefited the Children’s Institute, Inc.^[39]

Socialite[link]

Burch at 2007 Accessories Council of Excellence awards

Her parents were part of Philadelphia high society.^[9] Now, she is a socialite and businesswoman. She was co-chair of the American Ballet Theater Spring Gala in 2007 along with Caroline Kennedy, Carolina Herrera, Susan Fales-Hill (Misty Copeland's sponsor), Dayssi Olarte de Kanavos, and Sloan Lindemann Barnett.^[40] She is also active in a variety of socialite activities such as the passing out gift bags at The Lung Cancer Research Foundation's "Strides for Life" Race.^[41]

Filmography[link]

Notes[link]

External links[link]

• Tory Burch main website
• Tory Burch Foundation website
• Tory Burch designer profile at Fashion Model Directory