Chris Burch Sells 10 Percent of C. Wonder, Values Company at $350 Million
With the Tory Burch lawsuit behind him, Chris Burch is getting even more bullish on C.Wonder.
With the Tory Burch lawsuit behind him, Chris Burch is getting even more bullish on C.Wonder.
Turns out something actually good came out of that messy lawsuit between Tory and Chris Burch–for Tory anyway.
Thanks to the sale of Chris’ shares in the company, Tory is now a billionaire, Bloomberg is reporting.
At least one of 2012′s biggest fashion beefs has already been laid to rest in 2013.
Tory and Chris Burch have reached an agreement, putting an end to a messy, drawn-out lawsuit.
From Raf Simons’ appointment at Dior, to Nicolas Ghesquiere’s departure from Balenciaga, and the arrival of several new ‘It’ girls (or ‘It’ felines, anyway), 2012 brought a lot of big changes in the fashion industry. And, of course, we were on hand to report every single one of them.
Cathy Horyn and Oscar de la Renta may have had the only beef that literally involved beef, but there were a slew of others this year. Fashion people simply could not just let shit slide.
From drawn out legal battles to ironic graffiti wars, click through to rehash 2012′s biggest fashion beefs.
It’s been a few weeks since we tuned into the ongoing legal battle between Chris and Tory Burch, but that doesn’t mean it’s all blown over. Quite the contrary–the list of accusations in the case is only growing longer.
Is there anything that rattles Tory Burch?
On Wednesday, the designer sat down with CNN’s Alina Cho to chat style, business, and of course, that ongoing lawsuit with her ex-husband, in front of an audience of industry VIPs, WWD is reporting. But if you were hoping for any digs or gaffes–which other designers seem so fond of doling out–you’ll be sorely disappointed. Burch remains as unflappable as ever.
Here’s another reason to watch as the nasty legal battle between Tory Burch and ex-husband/business partner Chris continues to unfold: The judge on the case sounds like he’s going to be hilarious.
WWD caught up with Judge Leo Strine, of the Delaware Chancery Court, who is assigned to the Burch case, and, well, let’s just say Strine may have a future career as a standup comedian. Read on to hear what zingers Strine had to say on duck boots, preppy clothing and drunken WASPs.
And the battle of the exes continues.
Last month, Chris Burch filed suit against ex-wife and business partner Tory Burch, claiming breach of contract and tortious interference. Now, Tory Burch is firing back. The designer filed answer and counterclaims to Chris’ suit this morning, WWD is reporting.
She also outlined how Chris Burch allegedly ripped off the Tory Burch brand for his new venture, C.Wonder.
As the ugly legal battle between Chris and Tory Burch heats up, Anna Wintour and Diane von Furstenberg have spoken out to take Tory’s side.
The gloves are finally coming off at Tory Burch.
The designer is fighting back against the lawsuit her ex-husband and ex-business partner filed against her three weeks ago, which alleged breach of contract and tortious interference (among other things). And, needless to say, shit is getting personal.
Tory went on Rock Center last night to talk about her successful business. Naturally, some questions about her ex Chris Burch arose and they didn’t seem to catch her off guard one bit. Click through to watch.