Kendra Scott Explained

Kendra Scott
Birth Name:Kendra Baumgartner[1]
Birth Date:27 March 1974
Birth Place:Kenosha, Wisconsin, U.S
Known For:Executive chairwoman, and fashion designer of Kendra Scott, LLC
Occupation:Fashion designer
Years Active:2002–present
Children:3[2]

Kendra Scott (born March 27, 1974) is an American fashion designer.[3] She is the executive chairwoman, designer, and former chief executive officer of Kendra Scott, LLC.[4] [5] In 2017, she was named Ernst & Young's National Entrepreneur of the Year.[6]

Early life and career

Kendra Scott was born in Kenosha, Wisconsin. At age 16, her family moved to Houston, Texas, where she graduated from Klein High School.[7] Scott fell in love and "followed a boy" to Texas A&M University,[7] which she attended for one year[8] before dropping out to move to Austin, Texas, at age 19 to help with her ill stepfather.[2]

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

Before starting her own business, Scott started making jewelry from home in Austin, Texas.[10]

Kendra Scott, LLC

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.

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

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

Scott's first retail store opened on Austin's South Congress Avenue in 2010. 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 on Rodeo Drive in Beverly Hills, but she had to close it after a while. 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.[18]

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

At the end of 2019, Scott had 102 retail stores. In addition to an e-commerce business, Scott's merchandise is sold in London's Selfridges,[23] Nordstrom, Neiman Marcus, Von Maur, Bloomingdale's, and over 1,000 specialty boutiques worldwide.[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.[5]

Scott invests in companies in Austin, Texas, such as Helm Boots, Darbie Angell dinnerware, and Tiff's Treats.[26]

Philanthropy

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 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.

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

Recognition

Scott was awarded the EY Entrepreneur of the Year 2017 National Award and the Breakthrough Award from the Accessories Council Excellence Awards.[31] She is listed as #40 in Forbes' 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 by Upstart Business Journal and 2017 CEO of the Year by the Austin Business Journal.[32] [33] [34] [35] [36]

She is a member of the Council 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.[38]

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

Personal life

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 in Sedona, Arizona.[41] [42] They have one child together.[43] They divorced in September 2020.[44] [45]

Publications

External links

Notes and References

  1. Web site: Kendra Scott - Kendra Scott Design.
  2. News: Q&A with Kendra Scott. Dunham. Melanie. Austin Family. 2020-02-05. en.
  3. Web site: Jensen . Erin . 'My stomach was flipping': Jewelry mogul Kendra Scott enters ABC's 'Shark Tank' as guest shark. USA Today . 4 November 2020.
  4. Web site: Hawkins . Lori . Kendra Scott steps aside as CEO of her Austin company, remains majority owner. The Austin-American Statesman . 1 February 2021.
  5. Web site: Sidell . Misty White . Kendra Scott Steps Down as CEO, Nolan Promoted. WWD . February 2021 . 1 February 2021.
  6. Web site: Entrepreneur Of The Year 2017 Retail winner. www.ey.com. en-us. 2018-01-11.
  7. Web site: Sewing . Joy . Jewelry Designer Kendra Scott opens two new stores . Houston Chronicle . 16 November 2012 .
  8. Web site: Anderson. Amy. Meet Kendra Scott, Homemade Millionaire. www.success.com. 7 March 2016 . en-us. 2020-02-05.
  9. News: 5 Secrets From Powerhouse Jewelry Designer Kendra Scott. Jones. Michael. Forbes. 2018-01-11. en.
  10. Web site: Kendra Scott. Forbes. en. 2020-03-05.
  11. News: From an Extra Bedroom to 20 Stores and Counting: How Kendra Scott Created a Multimillion-Dollar Jewelry Empire. Entis. Laura. 2015-04-13. Entrepreneur. 2018-01-11. en.
  12. News: Silver. Dena. Bauble Brilliant With Kendra Scott. 2015-02-20. Daily Front Row. 2018-01-11. en-US.
  13. Web site: The New York Times > Home & Garden > Image > Fashionable Pairs. www.nytimes.com. 2018-01-11.
  14. Web site: This Entrepreneur Hit Rock Bottom Before Building a Billion-Dollar Jewelry Empire (With Only $500). Foster. Tom. 2018-12-18. Inc.com. 2020-03-05.
  15. Web site: Kendra Scott:Kendra Scott. 2017-03-20. NPR How I Built This with Guy Raz. 2021-03-03.
  16. Web site: Custom Jewelry Design Your Own Jewelry. www.kendrascott.com. en. 2018-01-11.
  17. News: Kendra Scott Scores With Color Bar. Strugatz. Rachel. 2015-03-25. WWD. 2018-01-11. en-US.
  18. Web site: How Kendra Scott Built A Billion-Dollar Jewelry Company. Gross. Elana Lyn. Forbes. en. 2020-03-05.
  19. News: This Wildly Popular Texas Jewelry Company Is Now Worth $1 Billion. Fortune. 2018-01-11. en.
  20. Web site: McDonald. Samantha. These Jewelry Launches Are Perfect For All Your Holiday Looks. thezoereport.com. en-US. 2018-01-11.
  21. News: Schmidt. Mackenzie. Celeb-Favorite Designer Kendra Scott is Making Super-Chic Accessories for Your Home. people.com. 2016-11-30. 2018-01-11. en. https://web.archive.org/web/20180112043023/http://people.com/home/celeb-favorite-designer-kendra-scott-is-making-super-chic-accessories-for-your-home/. 2018-01-12.
  22. News: Gould. Wendy Rose. Gemstone-Inspired Nail Polish? Why Thank You, Kendra Scott. InStyle.com. 2016-09-01. 2018-01-11. en. https://web.archive.org/web/20180112043203/http://www.instyle.com/beauty/nails/kendra-scott-nail-polish. 2018-01-12.
  23. News: Kendra Scott Enters U.K. Market, Opens Selfridges Shop-in-Shop. Marfil. Lorelei. 2017-11-17. WWD. 2018-01-11. en-US.
  24. Web site: Broadway Plaza KENDRA SCOTT. www.broadwayplaza.com. 2020-03-05.
  25. Web site: Halkias. Maria. Retail Therapy: Why Kendra Scott won't give up control of her $1 billion brand. 2019-09-12. Dallas News. en. 2020-03-05.
  26. Web site: Sosland . Josh . Tiff's Treats attracts high-profile investors . 2022-09-15 . www.foodbusinessnews.net . en.
  27. News: Jewelry Designer Kendra Scott On Why it's Important for Fashion Brands to be Philanthropic. Samaha. Barry. Forbes. 2018-01-11. en.
  28. Web site: Hauler. Lesley. Why fashion designer Kendra Scott is committed to empowering women all year long. ABC News. en. 2020-03-09.
  29. Web site: Introducing the Kendra Cares Program. www.kendrascott.com. en-US. 2018-06-15.
  30. News: Kendra Scott Wants to Change the Game for Women in Business—Starting With UT Students. Friel. Katie. The Alcalde . en-US. 2020-02-05.
  31. News: Accessory Mavens Mull Successful Strategies in Lead-Up to ACE Awards. Sidell. Misty White. 2017-08-07. WWD. 2018-01-11. en-US.
  32. Web site: Barr. Greg. Amid rapid expansion, Austin jewelry chain founder named Austin Business Journal's CEO of the Year. www.bizjournals.com. 2018-01-11.
  33. News: Self-Made Women. Forbes. 2018-01-11. en.
  34. News: Jewelry Mogul Kendra Scott Joins America's Richest Self-Made Women List. O'Connor. Clare. Forbes. 2018-01-11. en.
  35. News: Top Leaders in Beauty and Retail Honored at 2017 Outstanding Mother Awards. Lockwood. Lisa. 2017-05-08. WWD. 2018-01-11. en-US.
  36. Web site: Theis. Michael. Kendra Scott named one of America's top 100 entrepreneurs. www.bizjournals.com. 2018-01-11.
  37. Web site: KENDRA SCOTT.
  38. Web site: Ferguson. Deborah. Kendra Scott Talks to NBC 5 About Fashion and Philanthropy. 2020-11-24. NBC 5 Dallas-Fort Worth. en-US.
  39. Web site: Rouege. Ciara. These are the experts, leaders working with Gov. Abbott's strike force to reopen Texas. khou.com. 17 April 2020 . en-US. 2020-04-21.
  40. 2000 . Report of Divorce or Annulment Indexes . Texas Department of State Health Services . 2020-02-06 . 104004 SCOTT JOHN M 42 KENDRA L 32 02 06/24/2000 08/22/2006.
  41. Web site: Jewelry Designer Kendra Scott's Glam Wedding in Sedona, AZ. Brides.com. en. 2020-02-05.
  42. Web site: Denton. Korey. The untold truth of Kendra Scott. The List. 23 October 2019 . en. 2020-02-05.
  43. Web site: Flores . Rebecca . A day in the life of Kendra Scott, the CEO of a billion-dollar jewelry empire. KVUE . 17 September 2019 . 4 November 2020.
  44. Web site: Khera . Japleen . Is Kendra Scott Married? Who is Kendra Scott's Husband? Does She Have Kids? . The Cinemaholic . 27 December 2020 . 23 October 2020.
  45. Web site: Phillips . Hannah . Kendra Scott On Personal Challenges In 2020, Feeling Stronger & Giving Back – Exclusive . 29 January 2021 . 1 February 2021.

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