Fashionista Says Asprey, PE Owner Killed His Handbag Line

Law360, New York (March 15, 2012, 7:22 PM EDT) -- Designer Bruce Hoeksema on Wednesday sued fashion company Asprey International Ltd. and a managing partner of its private equity owner in New York federal court, alleging the defendants broke consulting contracts, exploited his design services and killed his brand of luxury handbags.

Hoeksema said John Rigas, a managing partner at Sciens Capital Management LLC, pretended to be interested in buying a stake in his high-end accessories brand, VBH Inc., but instead kept Hoeksema dangling while they used him to rehab Asprey's flagging sales. Throughout the process,...
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