Target distances itself from Mossimo label amid college admissions scandal

[TheBlackAdder]

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Well, it looked like Mossimo was going to dodge the bullet, but he's also on the hook, with his wife and kids. But, then it turns out he sold his interest the product line to another firm.

Retail Opens a New Window. giant Target distanced itself Thursday from Mossimo Giannulli, who designed the “Mossimo” clothing line that ran in its stores for years, after he and his wife, actress Lori Loughlin, were linked to a college Opens a New Window. admissions cheating scandal involving dozens of wealthy parents.

Giannulli’s eponymous budget menswear line was a fixture at Target stores from 2000 until the retailer phased out the brand in 2017 amid declining consumer interest. Mossimo’s licensing deal with Target was renewed several times over the years, but the retailer said it no longer has any association with the fashion designer.

“We haven’t had a working relationship with Mossimo Giannulli in over a decade and we no longer carry any Mossimo branded products at Target,” the company said in a statement.

Giannulli founded the Mossimo brand with $100,000 borrowed from his father, according to the Hollywood Reporter. After landing a licensing deal with Target worth tens of millions of dollars in 2000, Giannulli sold his interest in the Mossimo line to Iconix Brand Group.

Iconix did not respond to multiple requests for comment.

Sorry for the link.

https://www.foxbusiness.com/retail/target-distances-itself-from-mossimo-label-amid-college-admissions-scandal

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[JI7]

1. hopefully it will hurt any future business deals he might want to get

my guess is he might try to change the name like Ivanka did with her shit .