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HomeFashionRhude Shareholder Recordsdata Lawsuit Towards Founder Rhuigi Villaseñor

Rhude Shareholder Recordsdata Lawsuit Towards Founder Rhuigi Villaseñor



George Robertson, a spouse in Rhuigi Villaseñor’s hit LA-based luxurious streetwear emblem Rhude, is accusing the clothier of the use of corporate budget to fund his way of life.

Robertson, a song agent who owns a 20 % stake within the industry, filed a lawsuit this week with the United States District Court docket in LA, alleging Villaseñor “has been pilfering the Rhude Firms’ coffers to fortify that lavish way of life” and “taken good thing about his energy and keep an eye on over the Rhude Firms’ merchandise, designs, financial institution accounts, and fiscal information to complement himself to Robertson’s detriment.” The go well with alleges that Villaseñor used corporate cash to fund “non-public jets, Ferraris and Lamborghinis, a house within the Hollywood Hills, prolonged remains in Italian villas, and an eye assortment that incorporates a number of items value greater than $100,000.”

The inside track used to be first reported via the Los Angeles Occasions.

“Mr. Robertson’s assertions are utterly unfounded and his prison claims don’t have any benefit in any respect,” a spokesperson for Villaseñor mentioned in an emailed remark. “Mr. Villaseñor and RMV Staff will vigorously protect by contrast lawsuit and sit up for presenting their defenses in courtroom.”

Villaseñor based Rhude in 2015. The next 12 months, Robertson invested $50,000 within the industry and used to be introduced on as a spouse to assist the logo develop, the lawsuit says.

Over the following couple of years, Robertson leveraged his non-public connections to assist propel the logo and contributed to its ingenious output, consistent with the go well with. On the other hand, the go well with alleges that “Robertson’s affect over the logo started to hassle Villaseñor” and that Villaseñor “grew jealous of the credit score Robertson used to be receiving internally.”

Villaseñor allegedly “sought to get rid of Robertson’s ingenious contributions to the logo, assert his personal imaginative and prescient, and stay all income for himself,” consistent with the go well with.

Robertson is looking for damages and the removing of Villaseñor from his managerial place on the style label.

Editor’s Word: This tale used to be up to date on June 16 to incorporate remark from a spokesperson for Rhuigi Villaseñor.

Be told extra:

Rhuigi Villaseñor Exits Bally

The founding father of hit LA-based label Rhude helped kickstart momentum on the Swiss heritage emblem after taking over the ingenious director position in January 2022.



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