Tory Burch to start designing watches
While Burch denies that there are any plans for an IPO in the near future, she is emulating Kors by partnering with Fossil on a line of watches. According to WWD, Kors is currently Fossil's bestselling licensed brand.
Watches are probably a safe bet for Burch: While I'm pretty sure I haven't purchased a watch since I got my first cell phone, it's a $60 billion business with decent margins. Burch's collection will be priced between $350 to $695, with two limited-edition styles coming in a bit higher at $895 and $995. They're due out in October, and no images have yet been released.
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