NEW YORK — One of fashion’s most heated legal feuds has ended in a truce.
Tory Burch and her ex-husband Chris Burch settled their contentious lawsuit over the sale of his stake in Tory Burch LLC with the addition of two new minority investors.
Although the terms of deal are confidential, investment firms BDT Capital Partners LLC and General Atlantic LLC made minority investments in the brand. Both Burches owned a 28.3 percent stake in the company, which the duo created in 2003.
Chris Burch retains a stake in Tory Burch, although a spokesman for the entrepreneur declined to reveal how much he still owns.
“They are completely aligned with our long-term approach to building our brand and share our vision for growth globally,” chief executive officer Tory Burch said of the new minority investors.
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For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
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Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
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