In 1932, Villency's grandfather, Maurice Villency, started a furniture company in New York City. His grandfather's company became the Villency Design Group, and in 1998, Eric Villency became CEO. 
In 2001, he was awarded the FIT “All Star Salute” award, recognizing leaders in design and fashion. In 2002, Villency oversaw the launch of the Maurice Villency flagship store, located on 57th street in midtown Manhattan, and launched the company’s first home accessories collection. In 2006, he launched “Villency Atelier”, a workshop dedicated to custom design and fabrication for design professionals. In 2007, Villency was named the recipient of the IFDA “Design Industry” award. 2008 saw the launch of Villency's newest business initiative, Villency Pure Design, an environmentally responsible and domestically produced collection of furniture.
With the 2008 launch of a business-to-business service, Villency Contract, Villency has promoted a number of design projects including the Rudy Giuliani Urgent Care Unit at St. Vincent's Hospital, the Delta Air Lines Miami Crown Lounge, the Club level lounge at Citifield, Starwood brands including W hotels and Sheraton, the Bryant Park Hotel, the Plaza private residences, and office for Kathy Lee Gifford.
Villency also contributed to the development of the SoulCycle, an indoor fitness cycle.
Villency has been a recurrent guest on the Today Show discussing a wide range of topics from design trends to fashion to family issues. He has also appeared on Good Morning America, The Tyra Banks show, HGTV, Travel Channel, TBS and was the host of the Fine Living Channel's iDesign. Villency recently executive produced and hosted the documentary INSEAM that chronicles emerging fashion designers.
Villency, a former model, maintains a connection to the fashion world and has pioneered the Villency Emerging Fashion Fund. The fund has established partnerships with fashion designers including Proenza Schouler, Derek Lam, Imitation of Christ, Ruffian, and Erin Featherston. In February 2009, Villency designed the Mercedes-Benz Star Lounge at New York's Fashion Week.
Restoration of the Monarchy is a fashion brand created by Villency in 2007. The line launched in September 2007 with a men's and women's denim line. Julia Restoin Roitfeld, daughter of Carine Roitfeld, is the face of the ad campaign, which ran exclusively in Purple Magazine. The ad campaign was art directed by Olivier Zham, Purple Magazine's Editor-in-Chief.
Villency is the son of Rowann, a mixed media artist, and Robert Villency, the chairman of Maurice Villency. Villency is a graduate of the University of Wisconsin. On May 27, 2006, Villency married television personality Kimberly Guilfoyle on the island of Barbados. On October 4, 2006, Guilfoyle gave birth to the couple's first child, a boy named Ronan Anthony.  On June 23, 2009, it was announced that Guilfoyle and Villency had separated; they divorced later that year.  In December 2013, he married Swedish designer Caroline Fare in West Palm Beach.