Monday, November 26, 2007

Macy's Sues Kimora Lee Simmons


November 25, 2007 -- Kimora Lee Simmons overcharged Macy's for her beauty products and then refused to pay back the extra profit, according to a lawsuit filed last week in Manhattan Supreme Court.

In September 2006, four months after Simmons separated from her multimillionaire husband, Def Jam Records co-founder Russell Simmons, she signed an agreement to provide Macy's with her line of cosmetics.

But then she allegedly jacked up the price of her beauty products.

Simmons declined comment.