They then began formulating new plans to make sure Tory Burch LLC didn’t unravel. Soon after, shutdown-related delays in Asia and Europe began to interrupt manufacturing of some Tory Burch products. All Tory Burch sites, which now number 12, were optimized for mobile while incorporating artificial intelligence to generate personalized product recommendations. Overall, Burch and Roussel predict that Tory Burch revenue will fall by roughly 20% this year, to around $1.2 billion. Tellingly, neither will say whether Tory Burch is still profitable—or how much of a loss it has incurred.

Source: Forbes October 12, 2020 10:30 UTC