299
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
By
Reuters
Published
Jul 20, 2016
Reading time
2 minutes
Download
Download the article
Print
Text size

Ex-Yankee Jeter faces fraud trial in dispute with underwear maker

By
Reuters
Published
Jul 20, 2016

Former New York Yankees baseball star Derek Jeter must face a trial over claims he defrauded the Swedish company that makes $100 Frigo brand underwear out of millions of dollars, a judge ruled on Tuesday.

The former All-Star shortstop has been locked in a legal dispute with RevolutionWear, a maker of luxury underwear that brought Jeter on as a director and investor with a 15 percent stake in 2011. The company alleges that he reneged on a promise to promote the brand and publicize his role as co-founder.


Frigo underwear - RevolutionWear


The judge, Vice Chancellor Sam Glasscock, found that Jeter must defend allegations that he fraudulently induced RevolutionWear into an agreement by concealing terms of an endorsement deal with Nike Inc.

Tuesday's ruling clears the way for a trial over allegations that Jeter fraudulently induced RevolutionWear to bring him on its board, and that Jeter breached his fiduciary duty as a director to act in the interests of the company's investors.

The judge on Delaware's Court of Chancery did dismiss some claims against Jeter, who played 20 seasons for the Yankees before retiring in 2014, including allegations he tried to depress the value of the company to acquire it on the cheap.

RevolutionWear claims the business has struggled and potential investment has lagged, and that Jeter has cost the company at least $30 million.

Jeter, who resigned from the company's board last year, has countered that he has fully complied with the original agreements, and wanted an early dismissal of the lawsuit.

Jeter and RevolutionWear did not immediately respond to requests for comment made through their public relation firms.

RevolutionWear alleges that Jeter waited until two years after he joined the board and had become an investor to tell the company that his Nike deal barred him from publicly backing the Frigo brand.

Glasscock also said Jeter must defend claims that he acted in bad faith as a director, breaching his duty to the company's investors by telling them he would publicly announce his role as co-founder and investor, which he never did. 

 

© Thomson Reuters 2024 All rights reserved.