Modern Amusement, the contemporary men’s and women’s label owned by Mossimo Giannulli, has shuttered its operations. The closure of the business comes on the heels of a severe restructuring of the company that saw the exit of its chief executive officer, Michael Boyes, and the layoff of most of its employees in November.
The demise of the trendy brand, known by its crow logo, stemmed from what former employees of Modern Amusement alleged was mismanagement of the company by Boyes. Boyes inked a five-year master license agreement for the brand in December 2008 and set up a firm called Blk Brd LLC to operate the business. Giannulli is now embroiled in litigation with Boyes over his handling of the company.
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