Photo: Courtesy Tory Burch
Tory Burch and her ex-husband are embroiled in a bitter lawsuit over his apparel business and stake in her massive clothing company. Christopher Burch filed a lawsuit complaining that his ex-wife has kept his apparel business, C. Wonder, from being successful, Vicki M. Young at Women’s Wear Daily reported.
Many of the products in his line greatly resemble those in Tory Burch’s, but are sold at a lower price point.
Now, Burch wants to sell his stake in Tory Burch, but says in the lawsuit that his ex-wife has blocked his attempts, according to WWD.
He also seems to think that Burch’s $2 billion clothing company wouldn’t exist without him, because he lent entrepreneurial skills she lacked to the business. According to WWD:
As for Tory Burch board members, the lawsuit stated that they are essentially under his ex-wife’s “domination.” As for his ex-wife, he said her prior experience in the fashion industry was limited to public relations and marketing work in the apparel sector, and that she “never operated any business and had never been employed as a clothing designer.”
Burch noted his extensive contributions to Tory Burch from his experience in start ups and as a venture capitalist to raise $10 million from outside investors to start the company in addition to his initial investment of $2 million. And while Burch said his significant contacts with suppliers and manufacturers helped with the business, “Ms. Burch, while talented, [did] not have the core business experience necessary to assemble a team of top executives.”
Christopher Burch is a well-known retail entrepreneur. The couple divorced in 2006 as Tory’s business skyrocketed.
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