His spring '12 show was comprehensively panned by critics, with Le Figaro's Virginie Mouzat using choice phrases such as a “nightmare” and “old-fashioned” in her review. While it has become standard for designers to lash out at this kind of harsh criticism (a la Jean Paul Gaultier and Oscar de la Renta), Tom took it all in his stride.
“I agree with her that it was a terrible collection. It was probably the worst collection that I have ever done. It was a terrible, terrible show,” he admitted.
Things seem to be going in the right direction given that Tom —who sold his Andy Warhol self-portrait for $32.6 million in 2010 to help finance his label—is about to become fashion's newest billionaire.
“By early 2014, if we continue to meet our business plan, we will hit one billion dollars [a year] at retail of Tom Ford products,” he said. “That’s all the products together: eyewear, fragrance, cosmetics, ready-to-wear, men’s and women’s accessories. A billion dollars of product with the label Tom Ford on it will be selling at retail.” Maybe it's time we got around to creating that luxury empire...