Georgina Chapman's Apartment at Risk of Foreclosure as Marchesa Faces Lawsuits
Georgina Chapman, co-founder of Marchesa, is facing financial troubles. Her West Village apartment at 99 Jane Street is at risk of foreclosure, with the condo board suing her and her brother Edward Chapman for unpaid common charges. Meanwhile, Marchesa is grappling with customer complaints and a lawsuit over unpaid rent.
The financial woes began in 2020 when Chapman, along with her brother Edward, mortgaged the Jane Street apartment. They re-mortgaged it in 2022 for $2.5 million, but allegedly defaulted on the loan in November. The bank involved in the transactions remains unnamed.
Chapman's divorce from Harvey Weinstein in 2021, following his conviction for sexual assault, may have contributed to her financial strain. She received an estimated $15 to $20 million in the settlement, but it's unclear how much of that amount she retains.
Marchesa, co-founded by Chapman, is also facing challenges. Customers have complained about unpaid refunds for returned items. Additionally, GFP Real Estate is suing Marchesa for $1.4 million in back rent for its lease at 80 Eighth Avenue.
Chapman and her brother face multiple lawsuits, including foreclosure on their apartment and unpaid common charges. Marchesa, meanwhile, is dealing with customer complaints and a lawsuit over unpaid rent. The future of Chapman's financial situation and her fashion brand remains uncertain.
