A authorized battle introduced in opposition to diversity-focussed magnificence retailer Thirteen Lune and its founder Nyakio Grieco is ready to conclude.
Grieco confirmed on Nov. 6 to The Business of Beauty that enterprise capital corporations Beauty Generations Fund and Relevance Capital can be dropping all claims in opposition to her and the corporate. The lawsuit had alleged fraud, breach of fiduciary responsibility and misappropriation of firm funds; it was filed in Los Angeles in March 2025.
“I look forward to working with Relevance Ventures, along with our other investors and angel investors, to continue our mission,” Grieco mentioned.
While she declined to touch upon specifics of the case, a authorized consultant for Grieco said that an “amicable resolution” was reached. The that court docket paperwork formally withdrawing all claims concerning the founder and Thirteen Lune can be filed by Nov. 10.
Relevance Capital confirmed to Women’s Wear Daily the withdrawal of the claims. It didn’t reply to requests for remark.
Thirteen Lune, which went via a chapter various course of known as task for the good thing about collectors (ABC) by way of acquisition by SNR Capital in 2024, struggled to pay manufacturers amid monetary difficulties. Its partnership with JCPenney ended in May 2025. Greico is the present proprietor of the corporate, together with different buyers she declined to call.
All manufacturers that remained with Thirteen Lune after its ABC course of have been “made whole” she mentioned, noting that the corporate at the moment has 160 manufacturers on its roster.
No change has been introduced for the claims in opposition to different defendants named together with SNR Capital and its principals, Conor Riley and Piyush Golia. Lawyers for Riley, Golia and SNR Capital formally withdrew their authorized counsel on Nov. 4, in accordance with court docket paperwork.
The firm has been making new hires, including new manufacturers resembling singer Jhené Aiko’s wellness model Jhenetics, and plans on each home and worldwide growth going ahead, mentioned Grieco.
“It was really tough on the business to go through a lawsuit that became so public, but the wonderful thing is that we continue to work with all of the new brands that we have onboarded. We’re seeing growth and traction and looking forward to a really big 2026,” she mentioned.
Learn extra:
Investors Sue Thirteen Lune Founder for Alleged Fraud and Embezzlement
Two of the sweetness retailer’s buyers have accused the entrepreneur of misappropriating practically $200,000 and utilizing a latest acquisition to wipe out shareholder fairness in a California lawsuit.