Alex von Furstenberg’s Family Ties
by admin | August 12, 2011 | In
Alex von Furstenberg has found great success by keeping it in the family. His mother is the famed fashion designer Diane von Furstenberg, who operates the Diane von Furstenberg Studio, LP, the global luxury lifestyle brand. In fact, Diane von Furstenberg was honored by the Metropolitan Museum of Art when their Costume Institute inducted her knitted jersey wrap dress due to its influence on women’s fashion, which she first introduced in 1973. Alex von Furstenberg led the restructuring of the Diane von Furstenberg Studio, which brought the company from $1 million in annual revenue to over $200 million. It would be these kinds of results that would serve him well as a director of InterActiveCorp, a position he has held since 2008.
When Diane von Furstenberg married Barry Diller, former head of Paramount Pictures, Fox Broadcasting, and USA Broadcasting, Mr. Diller became the stepfather to Alex von Furstenberg. Barry Diller’s most recent role has been that of Chairman and Senior Executive of InterActiveCorp (IAC), an internet company with well over 50 brands spread throughout 40 countries. IAC boasted a 2010 revenue figure of $1.64 billion, thanks to some of their major properties, which include Match.com, OKCupid.com, CollegeHumor.com, Newsweek’s The Daily Beast, Ask.com, and Dictionary.com. As Founder, Co-Managing Member, and Chief Investment Officer of the private investment firm Arrow Capital Management, LLC, Alex von Furstenberg had experience managing over $1 billion in assets, which made him a natural choice for Barry Diller’s booming internet conglomerate. Family will always come first for Alex von Furstenberg, who lives in Malibu, California with his wife and children, and growing up in a family focused on business meant family and business would never be separate entities in his life.