Tuesday, September 14, 2010

RUSSELL SIMMONS IS FILING A LAWSUIT FOR 55 MILLION

*Russell Simmons is taking a Chinese clothing distributor to court for $55 million. The wholesaler allegedly failed to support his brands, American Classics By Russell Simmons and Russell Simmons Argyleculture.

Simmons states that Hong Kong-based apparel licensing company Li & Fung, USA was tasked with assisting him with marketing and promoting his Argyleculture flagship brand. He goes on to allege that the company only, “expressed a false enthusiasm” in his Argyleculture collection in order to persuade the mogul into licensing them his mass market brand, American Classics by Russell Simmons.

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