PS: In 2020, many leading executives pledged to increase Black representation within their own corporate walls and commit to antiracism action. How are your teams at Tory and Tory Burch Foundation delivering on these goals?
TB: Hiring diverse talent is a priority — two-thirds of our employees are people of color — and we provide growth opportunities at every level. We are dedicated to supporting Black-owned businesses through our foundation. Access to capital is one of the greatest barriers women entrepreneurs face — especially women of color — and biases around race, gender, sexual orientation, and other identities impede women's success. Earlier this year, we introduced our Women of Color grant program with Fearless Fund and The Cru to support WOC-owned businesses. These grants can be game-changing for business owners who have not had access to traditional loans, and we have already deployed $2 million.
