While the verdict is still out on the increasingly nasty Chris Burch vs. Tory Burch suit, it looks like Chris Burch’s business might already be feeling the burn.
According to WWD, Burch Creative Capital, which Burch is CEO of, originally planned on opening two more retail companies in addition to C.Wonder and Monika Chiang (Burch's current gf) over the next two years. But now he’s put those plans on hold. For now anyway.
“We’re concentrating our full resources on these efforts,” Burch told the trade. “We have temporarily delayed the launches of two other brands under development at Burch Creative Capital — Electric Love Army and Number 9 Christopher — postponing planned launch dates from 2013 to 2014 to 2014-2015. A heightened focus and intensive concentration of our resources will drive growth of the C. Wonder and Monika Chiang brands as well as innovation around the unique shopping experiences they offer.”
We’re sure the fact that he’s currently embroiled in a costly lawsuit didn’t exactly help his expansion plans either.
Is this point 1 for Tory?