Rocawear: Sold for $204 Million-CASH!
JayZ is the ever dotting business man!
Via NY Times:
A few months after returning from rap-star retirement with a chart-topping album, Jay-Z has scored big on his other line of business: clothing. Jay-Z is selling the rights to the brand Rocawear, the urban-style apparel line he cofounded, for $204 million in cash to the Iconix Brand Group, Iconix said Tuesday. Under the licensing deal, Jay-Z, whose real name is Shawn Carter, will keep his stake in the Rocawear operating company, which manufactures Rocawear’s clothing for men. He will also be in charge of product development, marketing and licensing for Rocawear.
Via NY Times:
A few months after returning from rap-star retirement with a chart-topping album, Jay-Z has scored big on his other line of business: clothing. Jay-Z is selling the rights to the brand Rocawear, the urban-style apparel line he cofounded, for $204 million in cash to the Iconix Brand Group, Iconix said Tuesday. Under the licensing deal, Jay-Z, whose real name is Shawn Carter, will keep his stake in the Rocawear operating company, which manufactures Rocawear’s clothing for men. He will also be in charge of product development, marketing and licensing for Rocawear.
posted by Haute Glam Magazine BlogSpace at
Tuesday, March 06, 2007
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