The Battle of the Burches has finally come to a close! Tory Burch and her ex-husband Chris Burch recently settled their contentious lawsuit out of court. Though the settlement terms are confidential, Tory Burch LLC has announced two new minority investors in the company: Capital Partners LLC and General Atlantic LLC.
“They are completely aligned with our long-term approach to building our brand and share our vision for growth globally,” Tory told Women’s Wear Daily about her new investors.
The exes’ legal troubles began when Chris sued Tory in October, claiming that her company’s board members had blocked him from selling his large stake in her fashion house. Tory established the brand with a large investment from her then-husband in 2004. Tory then launched her own suit against Chris, arguing against his claims and calling the merchandise at his new chain C. Wonder a “copycat” of her own designs.
Though the new investors presumably purchased a portion of Chris’ stake in the company, he still considers himself a “significant investor” and told WWD that he’s “confident” in the company’s “continued success.”