Tory Burch and Chris Burch Settle Court Battle

The end of 2012 brought a swift and somewhat unexpected end to the bitter and bloody court battle between designer Tory Burch and her ex-husbandChristopher Burch. Yesterday, the two settled their struggle over the sale of his stake in her eponymous and wildly successful fashion brand by bringing on two minority investors, BDT Capital Partners LLC and General Atlantic LLC, who are buying an undisclosed stake in Tory Burch. Chris in October had filed a lawsuit in Delaware against Tory for blocking the sale of his 28 percent stake in her company (valued upwards of $600 million) — claiming he was the original business brains behind her operation. In turn she filed a suit claiming her ex, a former co-chairman of Tory Burch, stole her preppy, bright designs for his company C. Wonder, which she alleged was a “knockoff brand.” WWD yesterday reported the settlement and the deal with the new minority partners, with both BDT and General Atlantic saying they see “strong growth opportunity” in Tory Burch. Rumors of a possible IPO have been swirling around Tory Burch, which some have valued at $2 billion. Reps for Tory and Chris — who will keep a “significant” stake in her company — didn’t get back to us. [Page Six]