TORY AND CHRIS BURCH SETTLE THEIR LEGAL BATTLE

Photo: nymag.com

Tory Burch and Chris Burch have been battling each other in court over the past year. Chris Burch sued his ex-wife for blocking the sale process of his stake in Tory Burch, LLC. Following that, Tory Burch filed a suit alleging he used his role in her company as a director and consultant to develop “copycat” products for C. Wonder - a new company/brand with very similar concept and products to Tory Burch's.

To Tory Burch, the design and layout of C. Wonder seems like a deliberate attempt by her ex-husband to confuse the consumer into thinking the two brands are associated, according to nymag.com.  But not everyone shares the same point of view.  Kelly Coutrone, who has worked with Chris Burch says that “I don’t really get it. Did they trademark lacquer? Does Lilly Pulitzer start calling Tory and saying, ‘Hey, you’re doing a modernized version of what I used to do, please stop’? Does Yves Saint Laurent call and say, ‘No, I’m the king of the tunic, I lived in Morocco’? Did the Knights of the Templars call off Christian Dior because he was using chain mail and that’s they what wore in the Crusades?

Finally, at the very end of the 2012, according to WWD, Tory Burch and her ex-husband Chris Burch settled their lawsuits 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.




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