Tom Ford Seeks Investors

He famously fixed the House of Gucci and directed the show at Yves Saint Laurent. Then, in 2004 he launched his own label, bringing Tom Ford International products to an elite circle of luxury-lovers. Based in New York, Ford outfits today’s modern man in elegant collections that consistently earn nods from famed fashion editors. He pushes the envelope with each new ad campaign, earning as much criticism as he does congratulations for their racy nature.

While Ford expanded his inventory to include a thriving fragrance collection and eyewear for both sexes, he has yet to venture back into the world of women’s couture—until now.

The rumor mill has been abuzz this year that he was gearing up to make this a reality, but now private equity website peHUB.com reported that he’s actually seeking investors. He needs capital of $50 million or more to get all of his ducks in a row. Even though the luxury goods industry has been battered by the recession, this luxury brand seems to be optimistic in lieu of the times. Experts say the economy is on its way back up and that luxury shoppers are willing to spend on unique and exclusive products. Good luck, Tom Ford.

Via peHUB.com

Gawker