Tory Burch and Chris Burch Reach Settlement Agreement

A Guide to Every Dramatic Moment in the "Battle of the Burches"

January 2, 2013

Source: Getty

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Dec. 31, 2012: A New Year's Eve Miracle

The Burches reached a settlement in the waning hours of 2012, bringing the case to an end. In the process, Tory's company acquired two new minority investors: BDT Capital Partners LLC and General Atlantic LLC.

While this resolution doesn't address the similarities between the new brands, it does diminish Chris's power on the Tory Burch board and will ultimately help the company grow.

"Tory and her team have a unique ability to create accessible luxury clothing and accessories that have broad and lasting appeal," said Bill Ford, CEO of General Atlantic and one of Tory's new minority partners. "We look forward to working with the company to continue to build its exceptional brand globally."