Russell Simmons has sued Li & Fung USA’s The Millwork Trading Co. unit for more than $55 million, alleging fraud and breach of contract over its marketing of the Russell Simmons ArgyleCulture brand licensed in tandem with his American Classics label.
In court papers filed Thursday in New York State Supreme Court, the hip-hop mogul, who co-founded Def Jam and created clothing line Phat Farm, said that in 2007 Li & Fung USA, a division of the Hong Kong-based apparel sourcing firm now known as LF USA, approached him about obtaining the exclusive license for American Classics and expressed what he termed “a false enthusiasm” for ArgyleCulture, a brand Simmons had intended to develop along with American Classics.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"