Friday, January 4, 2013

The Burches end the Feud with a Settlement

Kyle Eriksen
I love this moped btw!
After the fiery lawsuit filled with gossip and immature accusations, Tory and Chris Burch have settled their lawsuit. These two went a little below the belt when it was time to point fingers and pout about why the lawsuit began in the first place. Read all the juicy backdrop here.

As WWD reports, the two designers decided that much of Chris' stake in the company will be bought out by two minority investors- BDT Capital Partners LLC and General Atlantic. Both Burches owned a 28.3 % stake in the company but it is not public yet how much Chris will retain in the company.

At the end of this family feud, Chris even says that he is confident the brands continued success.

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