Tresalia Capital, a Mexico City private equity firm, has acquired a minority stake in US luxury fashion label Tory Burch.
Although details of the transaction were not disclosed, the New York Post reports the deal values the Burch business at more than $500 million. Tresalia Capital purchased 20 to 25 percent of the company for $100 million, the Post revealed.
Tresalia Capital, founded by CEO and President María Asunción Aramburuzabala and family, has holdings primarily in real estate, telecommunications, media and technology infrastructure. The Aramburuzabala family are heirs to the Mexican brewery fortune, Grupo Modelo.
Launched in 2004 by Ms. Tory Burch, the self-named line is available at free standing US boutiques and in select department stores worldwide. The deal marks the label’s first third-party institutional investment.