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Natalie Massenet, founding father of Internet-a-Porter and co-founder of enterprise capital agency Imaginary Ventures, is suing her ex-partner Erik Torstensson for emotional misery, breach of contract, fraud and intentional deceit.
In a lawsuit filed to the Los Angeles County Superior Court docket on Wednesday, Massenet alleges that her uncovering of Torstensson’s drug dependancy and infidelity led to the couple’s break up in Could.
Within the submitting, Massenet additionally accuses Torstensson of utilizing their relationship to realize entry to her in depth style community, together with Anna Wintour and Victoria and David Beckham, together with equities and investments value greater than $100 million. In accordance with the lawsuit, Massanet claims she spent $95 million on the couple’s life-style with the promise that he would repay her. However Torstensson has “lower her out of any earnings” of his numerous investments since their relationship ended, the file claims. Torstensson, for instance, has an estimated stake within the intimates model Skims value greater than $300 million, the lawsuit alleges.
“Erik Torstensson has determined to step away from the corporate to attend to private issues, efficient instantly,” in response to a press release from Body. “This can be a private household matter and unrelated to our enterprise actions.”
Massenet and Torstensson — who co-founded the denim model Body in 2012 with Skims’ chief government, Jens Grede — met in 2009 when he pitched her on a menswear division of Internet-a-Porter, which might ultimately turn out to be Mr Porter and launch the next 12 months, in response to the submitting. The couple had a son in 2017. The lawsuit claims that Massenet is now “cash-strapped” with their little one and dealing with a possible custody battle.
“Whereas Massenet is emotionally devastated and in shock brought on by Torstensson’s outrageous habits, this can be a case of a return on funding in a person who leveraged Massenet’s capital and model to construct wealth, whereas she bore the vast majority of the prices,” the lawsuit states. “Massenet is demanding now what any investor would – a good, equitable return on the investments she made, worth she created, and prices she carried.”
Massenet didn’t reply to a request for remark.
Study extra:
Natalie Massenet’s Imaginary Ventures Raises $160 Million for Second Fund
The enterprise capital agency, led by the Internet-a-Porter founder and investor Nick Brown, has raised one other fund to again early-stage ideas together with textured-hair care line Bread, plant-based “rooster” nuggets model Nuggs and used clothes service Goodfair.
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