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Morgan Hermand-Waiche

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Morgan Hermand-Waiche is a French businessman and entrepreneur. He is the founder and CEO of Adore Me, a women's intimates company based in New York City.

Morgan Hermand-Waiche
File:Headshot of Morgan Hermand-Waiche.jpg
Born
NationalityFrench
EducationMines ParisTech, Harvard Business School
OccupationFounder & CEO of Adore Me

Early life and education[edit | edit source]

Morgan Hermand-Waiche was born February 24, 1982 in France, where his family owned and operated clothing stores.[1]

Hermand-Waiche attended Ecole de Mines in Paris and studied math and computer science.[2] He later attended Harvard Business School and received a Master of Business Administration degree in 2010.[3]

Career[edit | edit source]

Prior to attending Harvard, Hermand-Waiche worked at McKinsey & Company as a Junior Associate. During this time he gained experience in Europe and Asia.[4]

In 2010, Hermand-Waiche was in his second year at Harvard when he went shopping for a gift for his girlfriend. He could not find lingerie that he liked that was also affordable.[5] He felt there was a need for an inclusive lingerie brand that fit all styles, sizes, and budgets.[6] He then studied the lingerie industry in more depth, and confirming his hypothesis, began speaking with investors.[7]

In January 2012, Hermand-Waiche officially launched Adore Me.[8] The company was initially funded by angel investors, including some of Hermand-Waiche’s Harvard professors.[9][10] In his first two years of business, Hermand-Waiche raised $11.5 million in funding, primarily from venture capital funds – the biggest three being Redhills Ventures, Upfront Ventures, and Mousse Partners.[11][12] [13]

Under Hermand-Waiche’s leadership, Adore Me’s revenue has grown from $1M in 2012 to over $100M in 2017.[14][15] Adore Me has ranked three times on the Inc. 500 list of the fastest-growing private companies in America, including the #2 fastest growing retail company in the U.S. in 2015, and also ranked three times on Crain’s Fast 50 list of fastest-growing companies in New York in 2016, 2017 and 2018.[16][17][18]

Awards[edit | edit source]

In 2015, Hermand-Waiche was included on Business Insider’s Silicon Alley 100[19] and on TechCrunch’s list of Expats Shaping New York Tech.[20]

In 2016 and 2017 Hermand-Waiche was named one of SmartCEO’s Future 50 Award winners, honored for Company Culture.[21][22] In 2017, he was also honored by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs at the 2017 Builders + Innovators Summit. [23]

In 2018, he was honored Retail Innovator of the year by Retail TouchPoints.[24]

Philanthropy[edit | edit source]

Hermand-Waiche is actively involved as an ambassador with the Epic Foundation and one of the early signers of the Epic Founders Pledge.[25]

References[edit | edit source]

  1. Max, Sarah (2015-02-11). "For Valentine's Day, Adore Me Takes On Victoria's Secret and Other Bigger Lingerie Rivals". The New York Times. ISSN 0362-4331. Retrieved 2019-02-14.
  2. Greenfield, Rebecca (2014-11-21). "This Lingerie Company A/B Tests The World's Hottest Women To See Who Makes You Click "Buy"". Fast Company. Retrieved 2019-02-14.
  3. "The First Five Years: Morgan Hermand-Waiche (MBA 2010) - Alumni - Harvard Business School". www.alumni.hbs.edu. Retrieved 2019-02-14.
  4. Max, Sarah (2015-02-11). "For Valentine's Day, Adore Me Takes On Victoria's Secret and Other Bigger Lingerie Rivals". The New York Times. ISSN 0362-4331. Retrieved 2019-02-14.
  5. Max, Sarah (2015-02-11). "For Valentine's Day, Adore Me Takes On Victoria's Secret and Other Bigger Lingerie Rivals". The New York Times. ISSN 0362-4331. Retrieved 2019-02-14.
  6. Schlossberg, Mallory. "This lingerie company is tapping into a $17.5 billion industry that many retailers ignore". Business Insider. Retrieved 2019-02-14.
  7. Max, Sarah (2015-02-11). "For Valentine's Day, Adore Me Takes On Victoria's Secret and Other Bigger Lingerie Rivals". The New York Times. ISSN 0362-4331. Retrieved 2019-02-14.
  8. Westervelt, Amy (2016-01-25). "The Intimate Story Behind a Lingerie Startup". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-02-14.
  9. Max, Sarah (2015-02-11). "For Valentine's Day, Adore Me Takes On Victoria's Secret and Other Bigger Lingerie Rivals". The New York Times. ISSN 0362-4331. Retrieved 2019-02-14.
  10. "Adore Me Raises $2.5 Million For Personalized Lingerie Showrooms". TechCrunch. Retrieved 2019-02-14.
  11. "Xconomy: Lingerie E-Commerce Site Adore Me, Developed at Harvard, Raises $8.5M". Xconomy. 2013-07-09. Retrieved 2019-02-14.
  12. "Adore Me Raises $2.5 Million For Personalized Lingerie Showrooms". TechCrunch. Retrieved 2019-02-14.
  13. Westervelt, Amy (2016-01-25). "The Intimate Story Behind a Lingerie Startup". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-02-14.
  14. "Adore Me plans hundreds of stores". www.bizjournals.com. Retrieved 2019-02-14.
  15. PYMNTS (2016-02-25). "Startup Adore Me Takes On Victoria's Secret". PYMNTS.com. Retrieved 2019-02-14.
  16. GmbH, finanzen net. "Adore Me, the e-Commerce Lingerie Disruptor, ranks #17 on the Crain's Fast 50 list of New York's Fastest-Growing Companies - And Is One of the Only Companies to Be Featured Three Times in the Last... | Markets Insider". markets.businessinsider.com. Retrieved 2019-02-14.
  17. "Spread the Word: Adore Me Is No. 313 on the Inc. 5000 This Year!". Inc.com. Retrieved 2019-02-14.
  18. "ADORE ME". Crain's New York Business. Retrieved 2019-02-14.
  19. Stanger, Maya Kosoff, Emmie Martin, Melissa. "SILICON ALLEY 100: Meet the most inspiring and influential people in New York tech right now". Business Insider. Retrieved 2019-02-14.
  20. "Meet The Expats Shaping New York Tech". TechCrunch. Retrieved 2019-02-14.
  21. "New York Future 50: Adore Me". www.smartceo.com. Retrieved 2019-02-14.
  22. "Adore Me". SmartCEO. 2016-01-16. Retrieved 2019-02-14.
  23. Me, Adore. "Adore Me Honored by Goldman Sachs for Entrepreneurship - Morgan Hermand-Waiche, Founder & CEO of Adore Me Among 100 Most Intriguing Entrepreneurs at 2017 Builders + Innovators Summit". www.prnewswire.com. Retrieved 2019-02-14.
  24. Staff, RTP Editorial. "#RIC18: 17 Quick Quotes Provide Taste From Smorgasbord Of Retail Topics - Retail TouchPoints". www.retailtouchpoints.com. Retrieved 2019-02-14.
  25. "Epic". epic.foundation. Retrieved 2019-02-14.


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