Monday, 30 September 2013

Tom Ford on why failure made him a billionaire


TOM FORD may be one of fashion's most famous perfectionists, but actually the designer says he is grateful when things don't go his way.

"I thrive on failure," Ford said. "I thrive on things that are not perfect. It sends me back into the ring to get it right."

And it seems things are going right since Ford - who sold his Andy Warhol self-portrait for $32.6 million in 2010 to help finance his growing label - is about to become fashion's newest billionaire.

"By early 2014, if we continue to meet our business plan, we will hit one billion dollars [a year] at retail of Tom Ford products," he told The Business of Fashion.
"That's all the products together: eyewear, fragrance, cosmetics, ready-to-wear, men's and women's accessories. A billion dollars of product with the label Tom Ford on it will be selling at retail."

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