Tory Burch and Chris Burch Reach Settlement Agreement

The New York Post reported that Tory hired Barclays Capital to help sell off Chris's 28.3 percent stake in the company. (Tory also owns 28.3 percent of the company's shares.) Though the couple divorced in 2006, Chris had remained the cochairman of Tory's board of directors. The deal would have valued the company at $2 billion. Chris's shares would have been worth around $600 million.