The Real Deal Miami

Donald Trump decries claims in commission case with clothing company

April 12, 2013 03:30PM

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Donald Trump and his clothing collection

From the New York site: The uniquely coiffed real estate mogul Donald Trump had barely a hair out of place as he testified in court today, explaining that ALM Unlimited, a New York City-based licensing firm, was not entitled to any commissions from a 2003 deal involving his branded clothing line. ALM has alleged that it arranged a deal between Trump and apparel giant PVH, formerly known as Phillips-Van Heusen, earning a 22.5 percent commission on royalties to start with and later a 10 percent commission on royalties received from the sale of shirts and neck ties. But Trump improperly stopped payments to the company in 2008, ALM alleged. [more]

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