Tory Burch sells stake to outside investor

New York City Tory Burch LLC announced Friday that it has sold off a minority stake in the company to Tresalia Capital, a private family investment company based in Mexico City. The terms and purchase price weren’t disclosed.

The luxury, lifestyle brand was launched in 2004. The line is available at 18 freestanding Tory Burch boutiques across the United States, online and at more than 450 select department and specialty stores worldwide.