
LOLA BANJO - Founder & Chief Executive, Silver & Riley
I’m Lola Banjo, Founder and Chief Executive of Silver & Riley. I came to luxury through an unconventional route: engineering, global strategy, technology, and years spent advising some of the world’s largest companies before becoming the person responsible for every decision inside my own.
For the past seven years, I have been building Silver & Riley as an independent luxury house. I have invested approximately $1.8 million into the company, navigated manufacturing across multiple countries, worked directly with European artisans and suppliers, financed significant inventory, lived through expensive production failures and logistics losses, raised some seed capital, and learned firsthand how different building enduring value is from simply building something that looks valuable.
Today, that distinction feels more important than ever.
Before founding Silver & Riley, I spent more than a decade as a strategy executive at companies including Deloitte, Accenture and Salesforce. I advised some of the world’s largest consumer and global businesses, including L’Oréal, The Estée Lauder Companies, Coca-Cola, Samsung, CVS and Kellogg’s, working with senior executives on questions of growth, market strategy, transformation, operating models and the decisions that shape how companies compete and endure. At Salesforce, I ultimately served as VP of GTM Strategy, working across a multibillion-dollar product portfolio, and as Global President of BOLDforce, leading a 10,000-member global employee organization.
My education has been similarly multidisciplinary and includes
- Global CEO Program — MIT and IESE Business School
- MBA, Strategy & Corporate Finance — Emory University, Goizueta Business School
- MS, Financial Engineering — New York University
- BS, Materials & Polymer Science Engineering & Mathematics — Rutgers University
- Executive studies at UC Berkeley, London School of Economics (LSE), WHU, SDA Bocconi, FGV Rio, and Erasmus University Rotterdam
I have traveled to more than 100 countries, an experience that has profoundly shaped the way I think about consumers, culture, markets and the differences between building for a local audience and building for a global one.

LOLA BANJO - Founder & Chief Executive, Silver & Riley
For all of that training, building Silver & Riley from the ground up has been the most demanding business education of my life. It is one thing to advise a multibillion-dollar company on growth, pricing, market expansion or strategy when an established organization sits behind the decision. It is another to make those decisions as a founder when the capital is your own, the inventory is sitting on your balance sheet, the manufacturing problem is yours to solve, and the consequences of getting it wrong are immediate and personal. I have had to become a strategist, operator, investor, product developer, manufacturer, marketer and student of consumer behavior at the same time.
That combination of experiences is what informs my perspective today. I understand business from the vantage point of large global enterprises and from the far less forgiving reality of building an independent company from the ground up. I have studied strategy formally, advised companies on it professionally, and spent the last seven years testing those ideas in practice. It is from that intersection of strategy, technology, consumer behavior, global manufacturing and entrepreneurship that I think about the future of luxury and the broader questions facing businesses today.
perspectives
Some topics I've been discussing lately
After seven years building Silver & Riley, I have developed strong perspectives on the forces shaping luxury, entrepreneurship and business. These are some of the questions I find myself returning to.
It's no secret that AI can write the language, create campaign imagery, generate models and accelerate design. E-commerce infrastructure has made launching easier than ever and at the same time, fast fashion and algorithm-driven culture have dramatically accelerated the pace at which brands are expected to produce, communicate and respond. Newness is rewarded, trends move faster, and companies can build significant visibility before they have had the time to develop the institutional knowledge, product discipline or consistency that historically took years to establish.
I think this creates an important distinction between building a brand and building an enduring company. Technology can accelerate execution, but it cannot instantly create judgment, trust, technical expertise, meaningful customer relationships, a recognizable design language, institutional memory or a track record of making good decisions over time. Those things still have to be earned.
I am interested in what happens to luxury when the appearance of luxury becomes increasingly easy to manufacture, and what will ultimately distinguish the companies that capture attention for a moment from the houses that remain relevant for generations.
I am an engineer by training, and I spent part of my career working within the technology industry, so I approach artificial intelligence with an appreciation for what technology can make possible rather than a fear of what it might replace. What interests me more is the distinction between what we can automate and what we should automate, particularly in an industry whose value has historically been rooted in human creativity and skill.
Luxury has long been about craftsmanship, artistry and provenance. Consumers are asked to pay more because an object has been designed with intention, made with exceptional skill and brought to life through a distinct creative point of view. Yet the industry is now beginning to automate some of the very human contributions it has traditionally asked consumers to value. AI-generated models and campaigns are becoming more common, creative work can be produced almost instantaneously, and technology is increasingly capable of replicating the visual language of luxury at a fraction of the traditional cost.
This creates an interesting tension for the industry. If the value of luxury rests partly in the people, knowledge and creativity behind it, how much of that human contribution can be removed before the meaning of luxury itself begins to change? Efficiency is enormously valuable in many parts of a business, but efficiency and value creation are not always the same thing.
At Silver & Riley, this is something I think about deliberately. Our products are made by skilled artisans, and our campaigns are created with real models, photographers and creative professionals. Those choices are more expensive, but I do not view the people involved in creating our products and telling our stories simply as costs waiting to be optimized away. Their judgment, skill and individual perspectives contribute to the value of what we ultimately create.
As luxury increasingly embraces artificial intelligence, I keep returning to the same question: if we automate away the people whose creativity, skill and perspective have historically given luxury its meaning, what exactly remains worthy of a luxury premium?
For decades, the badge “Made in Italy,” has carried associations with generations of craftsmanship, specialized manufacturing knowledge and some of the world's most respected leatherworking traditions. Those associations are not without merit; Italy remains home to extraordinary artisans, suppliers and manufacturers.
But the country of origin is increasingly becoming a statement about geography, not an independent guarantee of quality. Two products can carry the same label while differing enormously in materials, construction, technical execution, working conditions, quality control and the amount of specialized skill involved in producing them. As luxury supply chains have become more complex, the distance between what consumers assume a provenance label means and what that label can actually guarantee has become increasingly important.
My own understanding of this changed significantly once I began working directly within European manufacturing. I have encountered exceptional Italian manufacturers and artisans whose knowledge is extraordinarily difficult to replicate, but I have also experienced expensive production failures in Italy. Over time, I learned that evaluating quality requires looking beyond the country printed on a label and understanding the leather, pattern making, construction, stitching, edge finishing, hardware, components, factory capabilities, supplier relationships and quality-control systems behind the finished object.
That experience has made me both an advocate for exceptional European craftsmanship and a skeptic of using provenance as a substitute for scrutiny. At Silver & Riley, producing in Italy matters to us because of the specific capabilities and craftsmanship we are able to access there, not simply because the words “Made in Italy” carry marketing value.
As consumers increasingly question what they are actually receiving in exchange for luxury prices, I believe the industry has an opportunity to move the conversation beyond geography toward something more meaningful: not simply where was this made, but who made it, how was it made, what went into it, and is the finished object genuinely worthy of the claims being made about it?
Much of the modern entrepreneurial ecosystem has been shaped by the economics of technology. Companies are encouraged to scale quickly, acquire customers aggressively, demonstrate rapid growth and pursue increasingly large markets. Venture capital is structured around those expectations because its returns depend on a relatively small number of investments becoming exceptionally large companies within a finite investment horizon.
Luxury often operates according to a very different clock. Physical products require development, sampling, materials, production deposits and inventory before a customer ever makes a purchase. Manufacturing relationships take time to develop. Quality becomes harder, not easier, to protect as volume increases. Brand equity is accumulated over years, and scarcity, consistency and patience can be commercially valuable in an industry where conventional startup thinking often rewards speed and ubiquity.
That creates a tension I believe deserves much more examination. A luxury company may need capital to grow, but the conditions attached to that capital can influence how it grows. Pressure to increase volume, accelerate launches, expand distribution or pursue short-term revenue can eventually come into conflict with the restraint required to build long-term desirability.
I have experienced that question from inside Silver & Riley. I have self-funded extensively, explored institutional capital, raised seed capital independently and invested approximately $1.8 million of my own money into the company over seven years. I understand both why outside capital can be transformative and why the wrong capital, deployed against the wrong expectations, can fundamentally change the company being built.
The question for me is therefore not whether luxury companies should raise money. It is more fundamental: are the financing models that dominate modern entrepreneurship designed to support companies whose most valuable asset may require decades to fully compound?
Luxury has never been evaluated purely on the physical characteristics of an object. Consumers also respond to history, geography, cultural associations, storytelling, social signaling and the perceived legitimacy of the house behind the product. Two objects of comparable quality can command dramatically different prices because value in luxury is partly constructed through everything consumers believe the object represents.
That makes the identity of the person behind a brand an interesting and complicated variable. Some founders are permitted to recede almost entirely behind the companies they create, allowing the house itself to become the primary identity. Founders from historically underrepresented backgrounds, however, are often encouraged to make their personal identity a central part of the commercial story. That visibility can create community, representation and discovery, but I think it is worth asking whether it can also shape how consumers categorize, and ultimately value, the company itself.
I confronted this question very early in Silver & Riley's history. I considered not publicly identifying myself as the founder because I worried that once consumers knew a Black woman was behind the company, some might unconsciously form assumptions about what the brand should cost, who it was intended for or how large it could become before ever experiencing one of our products.
I ultimately chose visibility, and I believe representation matters. But choosing visibility did not make the underlying tension disappear. If anything, seven years of building in luxury has made me more interested in understanding the relationship between identity, consumer psychology and perceived economic value.
The question is not whether founders should hide who they are. It is whether the market affords every founder the same freedom to decide how central their identity should be to the company they are building. When does identity expand a brand's possibilities, when does it begin to define its boundaries, and when does representation unintentionally become segmentation?
Heritage is one of luxury's most powerful forms of competitive advantage. Established houses can draw upon decades or centuries of archives, recognizable products, craftsmanship, cultural moments, founder mythology and accumulated customer memory. Their history becomes part of the value of what they sell, and newer companies are competing not only against their current products but against everything those houses have had generations to build.
But every heritage company was once a new company.
That raises a question I find far more interesting than simply how an emerging brand can appear established: what decisions made in the first decade of a company eventually become the heritage people talk about in its tenth?
Heritage cannot simply be manufactured retrospectively through storytelling. It begins with the choices a company repeats long enough to become recognizable: the products it continues rather than constantly replacing, the design codes it protects, the standards it refuses to compromise, the manufacturing knowledge it accumulates, the relationships it maintains, the archives it preserves and the experiences customers carry forward.
Silver & Riley is seven years old, which means we do not have inherited heritage to rely upon. But if the ambition is to build a house capable of existing for fifty or one hundred years, I believe that makes the decisions we make now more consequential. I increasingly evaluate choices not only according to what they might accomplish this quarter, but according to whether they contribute to the company we want Silver & Riley eventually to become.
I am fascinated by the idea that heritage can be built prospectively. Not fabricated, accelerated or declared through marketing, but deliberately accumulated through decades of products, decisions, relationships and behavior until what was once simply the way a company operated becomes its history.
For more than a decade, the fashion industry has insisted that it wants to become more sustainable, ethical and responsible. Brands have been encouraged to improve labor practices, invest in better materials, increase supply-chain transparency, reduce waste and reconsider the enormous environmental consequences of producing more than consumers need. Yet some of the companies most closely associated with trying to build businesses around those principles have struggled to make the economics work. Everlane, once synonymous with “radical transparency,” was acquired by Shein in 2026 after years of financial pressure. Allbirds, once valued at more than $4 billion and celebrated for making sustainability central to its product proposition, ultimately sold its footwear assets for approximately $39 million. Designer Mara Hoffman closed her namesake company after 24 years despite a devoted following and an industry reputation for taking sustainability seriously.
These companies had different products, business models, investors and reasons for arriving where they did, so I do not think their experiences support the simplistic conclusion that ethical brands cannot succeed. I think they raise a much more interesting question: why does building a company around many of the practices the fashion industry says it wants often make the business itself more difficult to sustain?
The economics are challenging from the beginning. Better materials and skilled labor cost more. Greater visibility into factories and supply chains requires resources. Smaller and more deliberate production runs can mean higher unit costs. Reducing overproduction may be environmentally responsible, but it also means sacrificing some of the economies of scale available to enormous competitors. For designers who take these commitments seriously, sustainability is not simply a marketing decision made after the product exists; it affects sourcing, manufacturing, inventory, margins and ultimately the price the customer is asked to pay. Vogue Business has documented precisely this pressure among sustainability-focused designers, including rising material costs and an industry structure that continues to reward speed and volume.
At the same time, the market has moved aggressively in the opposite direction. Fast fashion and ultra-fast fashion have conditioned consumers to expect extraordinary variety, constant newness and increasingly low prices. The result is a fundamental contradiction between what consumers often say they value and what the economics of their purchasing behavior reward. Recent analysis of Everlane and Allbirds has raised this same problem: sustainability and ethical practices may matter to consumers, but price, design, convenience and other considerations can ultimately carry more weight at the point of purchase.
I have experienced this tension firsthand over seven years of building Silver & Riley. Choosing exceptional materials, skilled artisans, responsible manufacturing partners and more deliberate production carries real economic consequences. So does choosing to employ photographers, models and creative professionals rather than treating every new technology as an opportunity to remove people from the cost structure. These decisions reflect the kind of company I want to build, but the market does not automatically reward a business for choosing the more responsible or more expensive path.
That is what makes the experiences of Everlane, Allbirds and Mara Hoffman interesting to me. They are not cautionary tales about sustainability; they are case studies in the economic environment in which values-driven companies are being asked to survive.
If we want companies to manufacture responsibly, pay fairly, use better materials, produce less waste and make decisions based on something beyond the lowest possible cost, are consumers, investors and the fashion industry actually prepared to support the economics required to do it?
Because if doing the right thing consistently puts a company at an economic disadvantage, then ethical fashion does not simply have a branding problem. It has a business-model problem that the entire industry needs to confront.
WE'RE GLAD YOU'RE HERE
LET'S GET ACQUAINTED
Silver & Riley was born from both love and frustration; a love for craftsmanship, and frustration with how far the luxury industry was drifting from its original promise. We saw quality declining at legacy brands, while long-term value and function were less prioritized. Meanwhile, prices kept rising. Customers were paying more and receiving less, and that didn’t sit right with us.
Today, most major luxury brands are owned by three conglomerates with bloated cost structures. They invest heavily in celebrity ad campaigns, marketing, retail overhead, and branding. By the time a bag hits the shelf, up to 90% of what you're paying has nothing to do with the product itself. To cut costs, many also rely on global supply chains that stretch across continents. This often leads to shortcuts, inconsistent quality, and designs that prioritize aesthetics over function.
We asked ourselves: What if we could match, or surpass, the quality of top luxury houses at their best, while solving real, everyday needs? So we set out to do exactly that. We partnered with master artisans in Italy, selected only the finest materials, and committed to small-batch production to ensure craftsmanship and care in every detail. Everything we create is designed thoughtfully to be functional, timeless, and made to last.
Silver & Riley exists for people who expect more and know they deserve better. That’s the standard we live by.

DESIGNED WITH PURPOSE
Every proportion, closure, compartment and carrying option is considered in relation to how the bag will actually be used, allowing function to become part of the beauty of the design rather than an addition to it.

AN EXPRESSION OF YOU
Great style begins with knowing who you are and choosing accordingly. The right ACCESSORIES becomes part of that expression, bringing beauty, elegance and individuality to the way you dress, while reflecting a sense of taste that is entirely your own.

YOU'VE CHOSEN WELL
Our bags are made for those who choose with intention, who appreciate exceptional quality and beautiful design, and who know that the best luxury is the kind that feels distinctly, unmistakably yours.
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