Lawsuit Claims Rhude Designer Used Company Money to Fund ‘Lavish Lifestyle’

  • 📰 NYMag
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The designer behind the cult-favorite label is being accused of using company money to pay for private jets, vacations, and $100,000 of watches.

Rhuigi Villaseñor, the self-taught designer behind the celebrity-favorite streetwear brand Rhude, has been accused of financial misconduct via a federal lawsuit by a business partner.George Robertson, a 20 percent stakeholder in the brand, alleges that the designer has “been pilfering the Rhude Companies’ coffers to support” a “lavish lifestyle,” one that included private jets, expensive cars, Mediterranean vacations, and an assortment of watches totaling at least $100,000 in value.

Villaseñor founded the brand Rhude in 2015; it’s known for graphic tees, varsity jackets, and its hero product,, which cost $795. In 2016, Robertson invested $50,000 in the business, the lawsuit says. The line quickly grew in popularity and has been worn by Justin Bieber and Jay-Z.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 111. in BUSİNESS

Business Business Latest News, Business Business Headlines