Natalie Massenet on Wednesday withdrew her lawsuit in opposition to former associate Erik Torstensson, in accordance with a submitting with Los Angeles County Superior Court.
The dismissal comes a month after Massenet — who based the luxurious e-tailer Net-a-Porter in 2000 and co-founded the enterprise capital agency Imaginary Ventures in 2018 — sued Torstensson for emotional misery, breach of contract, fraud and intentional deceit.
In the unique lawsuit that was filed on Aug. 20, Massenet alleged that her uncovering of Torstensson’s drug habit and infidelity led to the couple’s cut up in May. She additionally accused Torstensson of utilizing their relationship to realize entry to her in depth style community and equities and investments value greater than $100 million. Massenet went on to say that she spent $95 million on the couple’s way of life with the promise that Torstensson would repay her, however that he had “cut her out of any earnings” of his varied investments since their relationship ended, in accordance with the unique submitting.
Torstenssen — who co-founded the denim model Frame in 2012 with Skims’ chief govt Jens Grede — met Massenet in 2009 when he pitched her on a menswear division of Net-a-Porter, which might finally change into Mr Porter and launch the next 12 months, in accordance with the August submitting. The couple had a son in 2017.
Following information of Massenet’s lawsuit, a consultant for Frame instructed The Business of Fashion that Torstensson “had decided to step away from the company to attend to personal matters, effective immediately.” Torstensson reportedly filed a toddler custody motion within the New York Supreme Court in Manhattan alleging that Massenet’s drug and alcohol use made her an unfit guardian, in accordance with a report within the New York Times.
Massenet and Torstensson couldn’t be reached for remark.
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Net-a-Porter Founder Sues Ex-Partner for Fraud, Emotional Distress
In a bombshell lawsuit, Natalie Massenet alleges Frame denim co-founder Erik Torstensson deceived her into spending $95 million to fund their way of life and assist his enterprise ventures. Frame mentioned Torstensson has stepped away from the corporate.