Once a limited process, the stake sale of apparel maker Tory Burch has been opened to a wider pool of private equity bidders, peHUB has learned.
The company’s namesake, Tory Burch, and her ex-husband and business partner, Christopher Burch, had originally hired Goldman Sachs to shop the business, but disagreements over fees led the duo to move forward with Lehman Brothers as its sell-side adviser.
