Graham Webb/Bumble And Bumble Acquisition Deal Never Definitive - Lauder
This article was originally published in The Rose Sheet
Executive Summary
Graham Webb's lawsuit against Estee Lauder should be dismissed as the salon hair care manufacturer "never reached a definite and final contract" to acquire Bumble and bumble, Estee Lauder says in a March 21 memorandum filed in St. Paul, Minn. federal court.
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Graham Webb v. Lauder
Lawsuit claiming breach of contract related to Estee Lauder's acquisition of Bumble & bumble will proceed after St. Paul, Minn. federal court denied eight counts in defendant's motions to dismiss. Although court dismissed claims of acting in concert, unfair competition and breach of covenant of good faith and fair dealing, claims including breach of confidentiality, interference with contracts and breach of duty of confidentiality will be heard, according to ruling. Graham Webb, which claims it had prior deal to purchase salon brand, filed suit in September seeking $50 mil. in damages (1"The Rose Sheet" Sept. 25, 2000, p. 3). Lauder later filed motions to dismiss, claiming Graham Webb never had "definitive and final agreement" with Bumble & bumble (2"The Rose Sheet" April 2, p. 7)
Graham Webb v. Lauder
Lawsuit claiming breach of contract related to Estee Lauder's acquisition of Bumble & bumble will proceed after St. Paul, Minn. federal court denied eight counts in defendant's motions to dismiss. Although court dismissed claims of acting in concert, unfair competition and breach of covenant of good faith and fair dealing, claims including breach of confidentiality, interference with contracts and breach of duty of confidentiality will be heard, according to ruling. Graham Webb, which claims it had prior deal to purchase salon brand, filed suit in September seeking $50 mil. in damages (1"The Rose Sheet" Sept. 25, 2000, p. 3). Lauder later filed motions to dismiss, claiming Graham Webb never had "definitive and final agreement" with Bumble & bumble (2"The Rose Sheet" April 2, p. 7)
Graham Webb Stung By Estee Lauder's Bumble Purchase - Lawsuit
Graham Webb International is seeking damages worth $50 mil. in a lawsuit filed against Estee Lauder, Bumble and bumble and Michael Gordon, president and founder of the salon hair care marketer. Graham Webb filed the complaint in Minnesota district court Sept. 20.