*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.
