Tory Burch founded the company at her kitchen table in 2004 and quickly became a mainstay in fashion, known early on for her ballerina flats and then for successfully projecting her refined, preppy aesthetic around the world.

Tory Burch has enlisted Morgan Stanley to explore strategic opportunities like a potential public listing, sale, or new investors. Tory Burch prides itself on being private; why is the company exploring opportunities?

WWD: Tory Burch Hires Morgan Stanley to Explore Options, IPO: Sources