LOS ANGELES (LALATE EXCLUSIVE) – The Chrisley and Company Department Store Atlanta fibs were delivered last week on Chrisley Knows Best. Todd Chrisley assured viewers that he is spending a large sum of his net worth in opening a Chrisley and Company Department Store. But LALATE can exclusively report that Todd admits, outside the show, that he does not have any net worth to open a department store, let alone the “Bergdorf Goodman of the South”.
The Chrisley and Company Department Store storyline was started early in this first season of Chrisley Knows Best. But LALATE can exclusively report that Todd has been telling news for years that a Chrisley and Company Department Store would be opening, that year (with specificity), in select cities. Depending on the year, Todd has changed his story. Sometimes he mentioned Atlanta. Other times he mentioned Beverly Hills. If you drive through Beverly Hills now, you won’t find the Chrisley and Company Department Store either, even though Todd told news that he was opening one there too. Instead, Todd does admit that one of his creditors is the Los Angeles County Tax collector.
Certainly someone else might open the department store with their money. But Todd tells viewers that he is spending his money to do so. If Chrisley Knows Best was filmed in 2013, that any assertion by Todd Chrisley on air that he had personal net worth to spend to open a department store is just not true and “reality”, according to Todd’s own bankruptcy documents. Todd Chrisley had already filed for bankruptcy as of 2012. In court documents obtained exclusively by LALATE, Todd in fact listed his ownership stake in an LLC called “Chrisley and Company”. The valuation for his share, according to Todd, was worth $0.00.
This season, Todd has gone to a coffee shop to talk about the Department Store, gone to New York to see clothes for the Department Store. Last episode, Todd claimed that he rented a space for the Chrisley and Company Department Store after another one fell through. He further claims that he had merchandise on hand and needed to get it into the rental space soon.
But according to Todd’s bankruptcy documents, he has not listed an assets owned by him, or Chrisley and Company LLC, or any other company that he is involved with that includes (1) department store merchandise, or (2) a rental lease agreement.
But this not the first time that Todd has made claims about a department store opening that year that didn’t happen. Todd wrote in 2010 that the store was opening that year. “In 2010, Chrisley & Company will debut the Chrisley Department Store in Atlanta, followed by locations in Nashville and Dallas”. In 2011, he said it again. “Todd Chrisley is thrilled to announce a new department store set to be unveiled in Atlanta in 2011.”
In fact, he promised a national rollout of the store, far before appearing on reality TV. “Within five years, new locations in Nashville and Dallas are planned as well. The Chrisley Department Store will feature luxury items in apparel, cosmetics, skin care, home furnishings, fragrances, and a host of other high-end merchandise.”
And how about the Beverly Hills store? It doesn’t exist either. Todd told news in 2010 that “We are proud to announce the planning of Todd Chrisley Stores. Todd Chrisley Department Stores will be located in Beverly Hills California and will consist of high end inventory. Stay tuned for further updates. News and updates about Todd Chrisley stores will be located here or on the official website.” For about Todd Chrisley’s money troubles click HERE.