Stuart Weitzman

Stuart A. Weitzman (born in 1941) is an American designer, entrepreneur and founder of the eponymous international, high-end shoe company, Stuart Weitzman. In 2014 Weitzman paid a world record $9.48 million for the British Guiana 1c magenta stamp.

Career

Stuart Weitzman's trademark use of unique materials (e.g., cork, vinyl, lucite, wallpaper, and 24-karat gold) and his attention to detail garnered him and his company a global following. His shoes are sold in over 70 countries.

In the late 1950s, Weitzman's father, Seymour Weitzman, started a shoe factory in Haverhill, Massachusetts, called "Seymour Shoes" (also sold under the label: "Mr. Seymour"). Stuart began designing shoes for his father's business in the early 1960s, when he was in his 20s.

Weitzman graduated from George W. Hewlett High School in 1958 and the Wharton School at the University of Pennsylvania in 1963. When Seymour died in 1965, Stuart took over the business with his older brother Warren. They sold the business to a company in Spain in 1971, but Stuart continued to design shoes for the company. In 1994, he bought back the business, but he continues to manufacture his shoe designs in Spain.

Weitzman is known for providing one-of-a-kind, "million dollar" shoes to an Oscar nominee to wear at the Academy Awards, including a pair of platinum sandals adorned with 464 diamonds that actress Laura Harring wore to the 2002 ceremony. For the 2007 Oscars, shoes were designed for and provided to Diablo Cody, who subsequently declined to wear them, stating that she was not aware of nor interested in the publicity attendant with wearing the shoes. [1]

The eponymous company that Weitzman founded has changed hands a number of times in recent years. Jones Apparel Group purchased a majority stake in the company in 2010 and later bought the remaining 45 percent of shares retained by Weitzman in 2012.[2][3]

In January 2015, Weitzman agreed to sell his company to Coach, the luxury fashion house, for $574 million. As part of the deal, Weitzman stayed on as a shoe designer for the company.[4]

Personal life

The British Guiana 1c magenta stamp for which Weitzman paid $9.48 million in 2014.

He is married to Jane Gershon.[5]

On 17 June 2014 Weitzman, who had collected stamps as a child, anonymously purchased the "world's most famous stamp", the British Guiana 1c magenta at a Sotheby's auction in New York for $9,480,000, including buyer's premium, the highest price ever paid for a postage stamp.[6][7] Weitzman has since identified himself as the purchaser and has lent the stamp to the National Postal Museum for exhibition.[8] In June 2015, Weitzman also identified himself as the current owner of the unique plate block of four 1918 U.S. 24-cent Inverted Jennies, widely regarded as the world's most celebrated philatelic printing error.[8]

References

  1. ↑ Schulman, Michael (January 21, 2013). "If the shoe fits". The New Yorker.
  2. ↑ "Jones Apparel buys majority of Stuart Weitzman". The New York Times. May 7, 2010.
  3. ↑ "Coach snaps up Stuart Weitzman". The Street. January 6, 2015.
  4. ↑ Tabuchi, Hiroko (January 6, 2015). "Coach expands luxury fashion brand buying shoemaker Stuart Weitzman". The New York Times.
  5. ↑ Boston Globe: "Jane Gershon Weitzman pens a book on art shoes" By Christopher Muther September 4, 2013
  6. ↑ "The British Guiana". Sotheby's. 17 June 2014. Retrieved 19 July 2014.
  7. ↑ "The British Guiana" (PDF). Sotheby's. 17 June 2014. Retrieved 19 July 2014.
  8. 1 2 Barron, James (4 June 2015). "Stuart Weitzman to Display Rare Stamp That Fulfilled Boyhood Dream". New York Times. Retrieved 4 June 2015.

Notes

External links

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