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    Fall Fashion Preview

    Ver-Klimt! New billionaire Tory Burch showcases art-inspired collection that sparkles

    Clifford Pugh
    By Clifford Pugh
    Feb 23, 2013 | 2:59 pm

    NEW YORK — Tory Burch has a lot to smile about.

    After settling her bitter legal battle with ex-husband Chris Burch last month over their rapidly growing Tory Burch clothing empire, she is believed to be a billionaire, with a 30 percent stake in her company, plus equity sales and dividends that put her over the magic figure, reports the New York Post.

    It might be a coincidence, but her fall 2013 collection sure looked a whole lot richer that previous ones I have seen.

    It might be a coincidence, but Tory Burch's fall 2013 collection sure looked a whole lot richer.

    From the opening look — a beaded tweed coat and taffeta dress is shiny zigzag patterns — to the last — a satin georgette gown with shiny gold sequined Peter Pan — nearly every piece in the collection glimmered in the ornate surroundings of the Pierre Hotel ballroom.

    Burch said she looked to the works of artist Gustav Klimt, whose goldleafed paintings with Byzantine imagery dazzled the art world in the early 1900s, and the Art Noveau era. Indeed, the collection had a richness and romance to it, with gilded blouses, shiny Lurex wool sweaters, laser-cut leather skirts and beaded chiffon dresses. Even Burch's trademark jackets cast a sheen with sequined paillettes.

    Of course, the collection was filled with pieces that the Tory faithful have come to love: Eye-catching velvet slippers, embellished tops, chic tasseled clutches, distinctive necklaces (in this collection, of scarabs and dragonflies).

    Burch completed the collection with a series of dresses and coats in a navy and white velvet rose jacquard. She liked it so much she wore a V-neck dress in the eye-catching pattern when she made her runway bow.

    Prominent on the front row was Peter-Yves Roussel, CEO of the fashion division of LVMH, leading to rumors that the French conglomerate, which owns Louis Vuitton, with large stakes in Christian Dior, Marc Jacobs and Donna Karan, among other prominent brands, is eyeing Burch.

    “I’ve got nothing special to say,” Roussel told Women's Wear Daily. “I like what she does. That’s the only reason.”

    Tory Burch led off her collection with a beaded tweed coat and taffeta dress.

    Fashion Week fall 2013, February 2013, Tory Burch
    Photo by © Dan and Corina Lecca
    Tory Burch led off her collection with a beaded tweed coat and taffeta dress.
    unspecified
    news/fashion
    series/htx-clifford-on-the-catwalk-2013

    SUDDEN SHUTTERS

    Saks Off 5th to close 3 Houston stores with blowout final sale

    Brandon Watson
    Jan 30, 2026 | 3:00 pm
    Saks OFF 5th
    Saks OFF 5th/ Facebook
    Saks Off 5th is closing its only San Antonio store.

    Houston shoppers looking for the thrill of the deal might want to mark their calendar. Discount designer retailer Saks Off 5th is closing most of its U.S. stores, including three in the Houston area, as its parent company tries to wiggle its way out of bankruptcy. Liquidation sales will begin Saturday, January 31 at select locations.

    The mass closures come after Saks Global — the parent company of luxury department stores Saks 5th Avenue, Bergdorf Goodman, and Neiman Marcus — filed for Chapter 11 bankruptcy protections on January 14. The conglomerate has been buckling under the strain of $2.5 million in debt it acquired with the 2024 purchase of rival retailer Neiman Marcus.

    "As we advance on Saks Global's transformation, we are taking decisive steps to realign our business to better serve our luxury customers and drive full-price selling across our core luxury businesses," said Geoffroy van Raemdonck, Chief Executive Officer of Saks Global, in a release. "With these actions, we will be well positioned to seize the greatest opportunities for long-term growth and value creation. We sincerely thank our Saks Off 5th and Last Call colleagues for the important role they have played in serving our loyal customers."

    Saks will close 57 Off 5th stores and shutter the five remaining locations of Neiman Marcus’ off-brand shop Last Call. Only 12 OFF 5th units will survive the move. After the onslaught, Texas’ sole store will be at Grapevine Mills mall in Grapevine.

    Many of the U.S. stores will kick off closing sales beginning January 31. An additional 23 stores will close outright on February 2. Here’s the full list of Texas shutters:

    Saks Off 5TH locations holding closing sales:

    • Cypress, 29300 Hempstead Rd.
    • Sugar Land, 2745 N Town Center Blvd.
    • Katy, 5000 Katy Mills Cir.
    • San Antonio, 5819 Worth Pkwy.

    Saks Off 5TH locations closing February 2:

    • Grand Prairie, 2950 W. I-20 #125
    • Dallas, 8040 Park Ln.

    Last Call Locations holding closing sales:

    • Grapevine, 3000 Grapevine Mills Pkwy. #233
    • San Marcos, 3939 S. I-35 #1105

    The overall primary market for luxury goods has been declining in recent years due to changing customer preferences, a perceived decline in quality in top brands like Gucci and Louis Vuitton, and a growing resale market led by sites like The RealReal and Vestaire Collective.

    the rimluxuryretaildesignershoppingchainsclosings
    news/fashion
    series/htx-clifford-on-the-catwalk-2013

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