Tory Burch lawsuit resolved

Fashion designer Tory Burch and her ex-husband, Chris Burch, have reached an agreement

to their messy lawsuit, WWD is reporting.

Although few details have been disclosed, it is reported that the lawsuit filed by Chris Burch over the sale of his stake in the Tory Burch company, which he co-founded in 2003 has been resolved.

While the terms of the deal is being kept confidential, it has been reported that Chris has retained a stake in the label, and that two new minority investors have been also been brought on board, Capital Partners and General Atlantic, which has previously invested in companies such as Gilt Groupe, Facebook, and Alibaba Group.