Tuesday, July 03, 2007

Vol 52 for VIP

The fashion industry says farewell to Liz Claiborne, Renée Zellweger becomes a charitable "model," and Topshop launches another designer collaboration.

The business of fashion can be ugly as is the case with the lawsuit Elie Tahari filed against Andrew Rosen, his former partner in Theory. Tahari charged that Rosen underpaid Tahari when buying out his share of the company and then brought on partners who took the company public on the Tokyo Stock Exchange making more than $500 million. The legal scales tipped in the favor of Rosen this week in New York State Supreme Court, though Tahari was granted a claim that he is owed royalties on Theory clothes sold in Asia. …