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Tuesday, March 6, 2007 | 1:05pm
Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others. The deal, which was announced today, (Mar. 6) could also net [...]
Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.
The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years. Click here for more.
FILED IN Fashion
Too rich man. And they said there’s no money in rap. He’s why. He’s got it all. Seriously. Corporate america sees him as the symbol of rap and will barely give anyone else a shot. Good ish though. I’m proud of him. Brooklyn!
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