By  on September 9, 2010

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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus