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Kendra Scott

From Wikipedia, the free encyclopedia
Kendra Scott
Scott in 2020
Born
Kendra Baumgartner[1]

(1974-03-27)March 27, 1974(age 50)
Kenosha, Wisconsin,U.S
OccupationFashion designer
Years active2002–present
Known forExecutive chairwoman,andfashion designerof Kendra Scott, LLC[2]
Spouses
  • John Scott
    ​
    ​
    (m.2000;div.2006)​
  • Matt Davis
    ​
    ​
    (m.2014;div.2020)​
Children3[3]

Kendra Scott(born March 27, 1974) is an Americanfashion designer.[4]She is theexecutive chairwoman,designer,and formerchief executive officerof Kendra Scott, LLC.[5][2]In 2017, she was namedErnst & Young's National Entrepreneur of the Year.[6]

Early life and career

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Kendra Scott was born inKenosha, Wisconsin.At age 16, her family moved toHouston,Texas, where she graduated fromKlein High School.[7]Scott fell in love and "followed a boy" toTexas A&M University,[7]which she attended for one year[8]before dropping out to move toAustin, Texas,at age 19 to help with her ill stepfather.[3]

Scott opened her first business, the Hat Box, which specializes in comfortable hats designed for women going throughchemotherapy.[9]Scott sold "comfortable but stylish" pieces and donated a portion of the proceeds to cancer research.

Before starting her own business, Scott started makingjewelryfrom home inAustin, Texas.[10]

Kendra Scott, LLC

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Scott founded Kendra Scott LLC in 2002, designing her first collection with $500 in the spare bedroom of her home just after her oldest son was born.[11]She walked from store to store around Austin, selling to local boutiques, and at the last boutique, she had to sell all of her samples to purchase enough materials to cover the orders she had made that first day.[11]

In 2005, Scott's designs were chosen to accessorizeOscar de la Renta's spring 2006 runway show.[12]Scott's designs also appeared in Randolph Duke's 2007 runway show.[13]

Because of thefinancial crisis of 2007–2008,she nearly had to close her company,[14]but she received an order fromNordstromfor some of their stores; this gave her exposure and allowed her to expand her business.[15]

Scott's first retail store opened on Austin'sSouth CongressAvenue in 2010.[14]In the same year, she began her e-commerce business and launched the brand's Color Bar experience.[16][17]

In 2011 she opened her second store onRodeo Drivein Beverly Hills, but she had to close it after a while.[when?]In 2014 Scott opened stores around the South and Midwest while ignoring the fashion elite in New York and Los Angeles. Later, in 2016, she sold a minority stake in her company to the private equity firm Berkshire Partners at a valuation of $1 billion.[14][18]

Valued at over $1 billion, her brand encompasses fashion jewelry, fine jewelry, home accessories, nail lacquer, and beauty products.[18][19][20][21][22]

At the end of 2019, Scott had 102retail stores.In addition to ane-commercebusiness, Scott'smerchandiseis sold in London'sSelfridges,[23]Nordstrom,Neiman Marcus,[18]Von Maur,Bloomingdale's,and over 1,000 specialty boutiques worldwide.[10][24]95 percent of her more than 2,000 staff are women.[25]In February 2021, Scott stepped down as CEO, retaining the Executive Chairwoman title, and named Tom Nolan as Kendra Scott's CEO.[2]

Scott invests in companies in Austin, Texas, such asHelm Boots,Darbie Angell dinnerware,[14]andTiff's Treats.[26]

Philanthropy

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Scott is a philanthropist with a history of supporting women's and children's causes.[27][28]In 2015, Scott launched the Kendra Cares Program,[29][27]which brings the company's customizable Color Bar[16]jewelry experience to pediatric hospitals across the country. In 2017, Scott's company hosted more than 10,000 Kendra Gives Back across her stores. She gave the money to local causes and also donated more than 75,000 pieces of jewelry.[18]

In 2019, Scott donated $1 million toThe University of Texasto launch the Kendra Scott Women's Entrepreneurial Leadership Institute.[30]Since 2010 her company's program has given away $30 million.[25]

Recognition

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Scott was awarded theEYEntrepreneur of the Year 2017 National Award and the Breakthrough Award from theAccessories Council Excellence Awards.[6][31]She is listed as #40 inForbes' list of America's Richest Self-Made Women 2019, been named Outstanding Mother of the Year by the Mother's Day Council, Texas Businesswoman of the Year by the Women's Chamber of Commerce, Top 100 Entrepreneurs of the Year byUpstart Business Journaland 2017 CEO of the Year by theAustin Business Journal.[32][10][33][34][35][36]

She is a member of theCouncil of Fashion Designers of America.[37]

In 2019 she became the 12th woman in the state who has been inducted into the Texas Business Hall of Fame.[25][38]

In April 2020, GovernorGreg Abbottnamed Scott to the Strike Force to Open Texas – a group "tasked with finding safe and effective ways to slowly reopen the state" amid theCOVID-19 pandemic.[39]

Personal life

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Kendra Baumgartner married John Scott on June 24, 2000. They had two children before divorcing on August 22, 2006.[40]She remarried on June 6, 2014, to Matt Davis inSedona, Arizona.[41][42]They have one child together.[43]They divorced in September 2020.[44][45]

Publications

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  • Scott, Kendra (2022).Born to shine: do good, find your joy, and build a life you love(First ed.). New York: Worthy Publications.ISBN978-1546002321.

References

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  1. ^"Kendra Scott - Kendra Scott Design"(PDF).
  2. ^abcSidell, Misty White (February 2021)."Kendra Scott Steps Down as CEO, Nolan Promoted".WWD.Retrieved1 February2021.
  3. ^abDunham, Melanie."Q&A with Kendra Scott".Austin Family.Retrieved2020-02-05.
  4. ^Jensen, Erin."'My stomach was flipping': Jewelry mogul Kendra Scott enters ABC's 'Shark Tank' as guest shark ".USA Today.Retrieved4 November2020.
  5. ^Hawkins, Lori."Kendra Scott steps aside as CEO of her Austin company, remains majority owner".The Austin-American Statesman.Retrieved1 February2021.
  6. ^ab"Entrepreneur Of The Year 2017 Retail winner".www.ey.com.Retrieved2018-01-11.
  7. ^abSewing, Joy (16 November 2012)."Jewelry Designer Kendra Scott opens two new stores".Houston Chronicle.
  8. ^Anderson, Amy (7 March 2016)."Meet Kendra Scott, Homemade Millionaire".www.success.com.Retrieved2020-02-05.
  9. ^Jones, Michael."5 Secrets From Powerhouse Jewelry Designer Kendra Scott".Forbes.Retrieved2018-01-11.
  10. ^abc"Kendra Scott".Forbes.Retrieved2020-03-05.
  11. ^abEntis, Laura (2015-04-13)."From an Extra Bedroom to 20 Stores and Counting: How Kendra Scott Created a Multimillion-Dollar Jewelry Empire".Entrepreneur.Retrieved2018-01-11.
  12. ^Silver, Dena (2015-02-20)."Bauble Brilliant With Kendra Scott".Daily Front Row.Retrieved2018-01-11.
  13. ^"The New York Times > Home & Garden > Image > Fashionable Pairs".www.nytimes.com.Retrieved2018-01-11.
  14. ^abcdFoster, Tom (2018-12-18)."This Entrepreneur Hit Rock Bottom Before Building a Billion-Dollar Jewelry Empire (With Only $500)".Inc.com.Retrieved2020-03-05.
  15. ^"Kendra Scott:Kendra Scott".NPR How I Built This with Guy Raz.2017-03-20.Retrieved2021-03-03.
  16. ^ab"Custom Jewelry | Design Your Own Jewelry".www.kendrascott.com.Retrieved2018-01-11.
  17. ^Strugatz, Rachel (2015-03-25)."Kendra Scott Scores With Color Bar".WWD.Retrieved2018-01-11.
  18. ^abcdGross, Elana Lyn."How Kendra Scott Built A Billion-Dollar Jewelry Company".Forbes.Retrieved2020-03-05.
  19. ^"This Wildly Popular Texas Jewelry Company Is Now Worth $1 Billion".Fortune.Retrieved2018-01-11.
  20. ^McDonald, Samantha."These Jewelry Launches Are Perfect For All Your Holiday Looks".thezoereport.com.Retrieved2018-01-11.
  21. ^Schmidt, Mackenzie (2016-11-30)."Celeb-Favorite Designer Kendra Scott is Making Super-Chic Accessories for Your Home".people.com.Archived fromthe originalon 2018-01-12.Retrieved2018-01-11.
  22. ^Gould, Wendy Rose (2016-09-01)."Gemstone-Inspired Nail Polish? Why Thank You, Kendra Scott".InStyle.com.Archived fromthe originalon 2018-01-12.Retrieved2018-01-11.
  23. ^Marfil, Lorelei (2017-11-17)."Kendra Scott Enters U.K. Market, Opens Selfridges Shop-in-Shop".WWD.Retrieved2018-01-11.
  24. ^"Broadway Plaza | KENDRA SCOTT".www.broadwayplaza.com.Retrieved2020-03-05.
  25. ^abcHalkias, Maria (2019-09-12)."Retail Therapy: Why Kendra Scott won't give up control of her $1 billion brand".Dallas News.Retrieved2020-03-05.
  26. ^Sosland, Josh."Tiff's Treats attracts high-profile investors".www.foodbusinessnews.net.Retrieved2022-09-15.
  27. ^abSamaha, Barry."Jewelry Designer Kendra Scott On Why it's Important for Fashion Brands to be Philanthropic".Forbes.Retrieved2018-01-11.
  28. ^Hauler, Lesley."Why fashion designer Kendra Scott is committed to empowering women all year long".ABC News.Retrieved2020-03-09.
  29. ^"Introducing the Kendra Cares Program".www.kendrascott.com.Retrieved2018-06-15.
  30. ^Friel, Katie."Kendra Scott Wants to Change the Game for Women in Business—Starting With UT Students".The Alcalde.Retrieved2020-02-05.
  31. ^Sidell, Misty White (2017-08-07)."Accessory Mavens Mull Successful Strategies in Lead-Up to ACE Awards".WWD.Retrieved2018-01-11.
  32. ^Barr, Greg."Amid rapid expansion, Austin jewelry chain founder named Austin Business Journal's CEO of the Year".www.bizjournals.com.Retrieved2018-01-11.
  33. ^"Self-Made Women".Forbes.Retrieved2018-01-11.
  34. ^O'Connor, Clare."Jewelry Mogul Kendra Scott Joins America's Richest Self-Made Women List".Forbes.Retrieved2018-01-11.
  35. ^Lockwood, Lisa (2017-05-08)."Top Leaders in Beauty and Retail Honored at 2017 Outstanding Mother Awards".WWD.Retrieved2018-01-11.
  36. ^Theis, Michael."Kendra Scott named one of America's top 100 entrepreneurs".www.bizjournals.com.Retrieved2018-01-11.
  37. ^"KENDRA SCOTT".
  38. ^Ferguson, Deborah."Kendra Scott Talks to NBC 5 About Fashion and Philanthropy".NBC 5 Dallas-Fort Worth.Retrieved2020-11-24.
  39. ^Rouege, Ciara (17 April 2020)."These are the experts, leaders working with Gov. Abbott's strike force to reopen Texas".khou.com.Retrieved2020-04-21.
  40. ^Report of Divorce or Annulment Indexes(Report). Texas Department of State Health Services. 2000.Retrieved2020-02-06.104004 SCOTT JOHN M 42 KENDRA L 32 02 06/24/2000 08/22/2006
  41. ^"Jewelry Designer Kendra Scott's Glam Wedding in Sedona, AZ".Brides.com.Retrieved2020-02-05.
  42. ^Denton, Korey (23 October 2019)."The untold truth of Kendra Scott".The List.Retrieved2020-02-05.
  43. ^Flores, Rebecca (17 September 2019)."A day in the life of Kendra Scott, the CEO of a billion-dollar jewelry empire".KVUE.Retrieved4 November2020.
  44. ^Khera, Japleen (23 October 2020)."Is Kendra Scott Married? Who is Kendra Scott's Husband? Does She Have Kids?".The Cinemaholic.Retrieved27 December2020.
  45. ^Phillips, Hannah (29 January 2021)."Kendra Scott On Personal Challenges In 2020, Feeling Stronger & Giving Back – Exclusive".Retrieved1 February2021.
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