By  on March 7, 2013

Charles Koppelman, ex-chairman and former chief executive officer of Martha Stewart Living Omnimedia, set the courtroom on fire for his brief, yet eye-opening testimony Thursday morning.

The self professed "singer then songwriter" told the court that he got into the fashion business when he was approached by Steve Madden on a golf course in the late Nineties.


"In 1997, Steve asked me if he could borrow $3 million. I only played golf with him three times, so I thought that was a little extreme," said Koppelman matter-of-factly. Against the advice of his accountant, he lent Madden the money, which helped him get his brand off the ground.

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus