Ever since Tory Burch’s ex-husband Chris Burch — who helped found her label, serving as chairman of its board — started opening a series of C. Wonder stores last year which emulate Tory’s branding, rumors have dogged the former couple.
Late last year, reports began circulating that Chris was looking to sell his Tory Burch stake for $600 million, and that Tory was threatening legal action against Chris for copying her business plan with C. Wonder. Earlier this month, the litigation rumors returned. And now come word that Chris has stepped down as co-chair of the board after being ordered out of a February 22 board meeting. He remains a shareholder and board member at Tory Burch, although Barclays Capital is said to be working on selling his shares. Tory is now the company’s sole chair.
A source told the New York Post: “Tory is working with Chris to avoid more brand confusion. She is asking him to change his concept, which includes C. Wonder’s product, the design and the boutique. It remains Tory’s intent not to litigate — she is hopeful he’ll agree to change his concept. Litigation would be the very last resort.”