Tory Burch is adding business ambassador to her résumé.
Burch has joined the President’s Ambassadors for Global Entrepreneurship, or PAGE, an initiative to promote and champion entrepreneurship and charged with increasing the number of successful small businesses in the U.S. and around the world.
PAGE’s first meeting took place Monday in Washington and was chaired by U.S. Secretary of Commerce Penny Pritzker.
Burch, designer and the founder of the Tory Burch Foundation, said, “In an increasingly global society, entrepreneurship is a key to creating jobs and strengthening the world economy. PAGE is also a great platform from which to build on our foundation’s continuing effort to support the economic empowerment of women entrepreneurs and their families.”
PAGE provides a platform for successful entrepreneurs to inspire and mentor young entrepreneurs. Plans for the group were first announced at the 2013 Global Entrepreneurship Summit in Malaysia.
At a press stakeout held in the pouring rain on the West Wing lawn of the White House after the committee’s inaugural meeting, Pritzker said the company executives are donating their time and sharing their stories, but are not making financial commitments to the initiative. She was joined by several of the executives, including Burch, who huddled under an umbrella and did not give remarks.
“At this time, this is not about financial commitments,” Pritzker said, responding to a reporter’s question. “This is about a commitment of time and ideas and sharing of their stories and their processes and their wisdom. [It’s] about how one goes from an idea to a company and also [offering] their advice, frankly not just for other entrepreneurs but also for other governments.”
Rich Barton, cofounder and executive chairman of real estate Internet company Zillow, as well as founder of online travel company Expedia Inc., said the new initiative will “help export American-style start-up capitalism to the rest of the world.
“It turns out there will be three billion people over the next 30 years that enter the middle class around the world and they need jobs,” Barton said. “They are looking to us an example of what it’s like to create a healthy start-up economy. It also turns out freedom and self-actualization and self-determination go hand in hand with the creation of an entrepreneurial, start-up community. So it’s exciting to me that we can increase freedom in the world and empowerment through the work we do here.”
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion