Kendra Scott is a fashion designer, entrepreneur, philanthropist and an author. Starting a jewelry brand from Texas, USA, today she is renowned worldwide. Now you must be thinking what in particular is she famous for?
In this article we will discuss; Kendra Scott Jewelry, Biography, Married life, Achievements, Net Worth and Philanthropy. Buckle up and ride along!
Kendra Scott Jewelry
How Kendra Scott Jewelry was started? And what has become of it now? Here’s a brief overview.
How it came to reality?
In 2002, Kendra was struck with an idea to transform her love and passion for jewelry into a business. This idea surfaced in her mind as she watched a film “9 to 5” from 1980, Scott told in an interview with FOX Business. She took advantage of the absence of affordable alluring gemstones at the time.
During this time everything was in favor to make it become a surreal reality. She was on a work leave as per doctor’s advice to be on bed rest. As she was expecting her very first child.
Due to more time at hand, she started making her very first collection of jewelry from a spare bedroom at her home. She started with only $500 from her bank account in Austin, Texas. Soon after, her child was born which still didn’t let her passion dwindle.
She used to wander around with her 3 months old infant from boutique to boutique in search for a dealer to sell her handmade gemstone jewelry. With the passing time it became what Kendra Scott Jewelry is today.
Let’s walkthrough the pathway enrouted to its success.
Success Story of Kendra Scott Jewelry
In jewelry Industry, Scott’s consumer – centric approach and extraordinary designs helped her to set her feet in the market. Due to her products featuring in few of the runways it really kick started her way towards real success.
At first some retailers came across her pieces. Then she started to get a chance to collaborate with different stores like Nordstorm which brought her creation a recognition on a national level.
In 2010, she finally opened her very first store on South Congress Avenue in Austin, Texas. For further expansion, She opened her stores internationally. The products of the company are designed and made in the headquarters in Austin, Texas.
The studio also consists of a gym, nail parlor & a café. Moreover, to fit to the needs of the people on a demographic level she introduced an e-commerce program and also launching Kendra Scott Color Bar – adding on the option to customize and create your own jewelry.
Tom Nolan comes to Kendra Scott Jewelry
In February 2021, Kendra Scott resigned as CEO for Kendra Scott LLC (remaining as Executive Chairwoman) and Tom Nolan became the CEO. Tom Nolan can be seen as the man of many talents. As he was a Senior Vice President at Ralph Lauren, he is also a board member at Tommy John and many more.
In 2014, Tom came to the board of Kendra Scott. In 2016, he got promoted to an officer as Chief revenue & marketing. In 2019, became a president. Finally in 2021, Nolan came forward as the CEO for the company.
Kendra Scott Jewelry LLC. – Kendra Scott VS Tom Nolan
Kendra Scott: During the times of Kendra Scott, there were 102 retail stores, 1000 specialty boutiques, e – commerce business, more than 2,000 employees.
Tom Nolan: Since him becoming the CEO, the business has gotten 2,600 employees, stores increased in numbers to 134 stores. Sales include with 50% in retail, 35% in e-commerce & 15% in wholesale.
Revenue of Kendra Scott Jewelry LLC.
The Kendra Scott Jewelry LLC. Is estimated to be over $1 Billion. This happened in 2016 when Berkshire Partners invested in the company, making it to be worth $1 Billion.
Kendra Scott Biography
|March 27, 1974
|Kenosha, Wisconsin, USA
|50 Years Old
|Father: Not Known Mother: Mama Janet
On March 27, 1974, Kendra Baumgartner was born in Kenosha Wisconsin. As of now, Kendra Scott. At 16, she migrated with her family to Houston, Texas. She went to Klein High School, Texas. Later on, she fell for a guy and went to the same college as his, Texas A&M University. After one year into college, things took turn for her due to her stepfather’s illness (brain cancer).
Eventually dropping from school, her stepfather passed away. The last words Kendra heard from her stepfather were, “Do Good”, which she has been following to this date.
In his honor, at the age of 19, she started her very first business named “Hat Box”. It sold hats specially, for the people undergoing chemotherapy. It covered both men and women. Her aim for this business was to provide comfort with style. Alas! The business finally got closed after 5 years. But she was able to donate some of the earned revenue for the cause of cancer research.
Marriage of Kendra Scott
|John Scott (2000 – 2006)
|Matt Davis (2014 – 2020)
On June 24, 2000, Kendra Scott married John Scott. They imparted each other with 2 children. They got divorced on August 22, 2006.
On June 6, 2014, Kendra married for the second time to Matt Davis. She had one child from this marriage. Finally divorcing each other in September 2020.
Achievements of Kendra Scott
In 2005, as Scott was continuing her journey towards recognition, she finally found it when her pieces were showcased on Oscar de Renta’s runway in a Fashion Week. In 2007, her jewelry was also displayed in a fashion show of Randolph Duke.
In 2020, Kendra was also invited on the 12th season of Shark Tank (Emmy award winner series) as one of the richest self-made women. Scott is also a part of Council of Fashion Designers, America.
Kendra Scott: Humanitarian Efforts
Since 2010, Company has donated over $60 Million in the name of giving back initiatives from a local to an international reason. In 2015, Kendra started a Kendra Cares Program, and combined it to the Color Bar of the company.
She brought this combination to different children hospitals all over America. These initiatives reflect the core values of Kendra Scott: Family, Style & Philanthropy. It is also one of the reasons for her fame today. Don’t you think so?
Is Kendra Scott an Author?
She has also published a book called Born to shine: do good, find your joy, and build a life you love in 2022.
Kendra Scott Net Worth
Scott is one of the richest females in America. In 2021, Scott was enlisted at 35th number as the wealthiest self-made ladies by Forbes. As of 2023, Kendra’s net worth is to be $550 Million, Forbes.
Kendra Scott is a self-made millionaire. Her net worth speaks volumes about her persistence for her passion in jewelry. People really like the concept of affordable luxury. Due to the style on a budget, her brand is now worth over a billion dollars. And Kendra is showing no signs of stopping anytime soon.
Q1. Why Kendra Scott Jewelry is famous?
Ans. It is popular due to its affordable luxury.
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