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Jay-Z Ending His Roc-A-Wear Clothing Line?

 

(Huff Post) During Jay-Z is on cloud nine with daughter Blue Ivy Carter, his former pride along with joy, Rocawear, seems to remain on certain verge out of chapter 11.

According to a Novel York Post, any hip-hop clothing brand, whichever Jay-Z founded amid 1999 with producer Damon Dash, laid finished half the staff of for it men's also boys apparel division on January 6, individual date prior to Jay-Z's wife, Beyonce Knowles, gave birth in order to certain couple's baby girl.

Any company cited "economic reasons" for certain layoffs in documents filed with certain Recent York Declare Department made from Labor, certain Post reports.

Jay-Z sold certain Rocawear brand in 2007 for $204 million amid cash in order to Iconix Group, per licensing company that besides owns brands of this kind in similar fashion Candie's, Ed Hardy and Signature Apparel Group LLC, owned via "Actual Housewife made from Recent Jersey" Jacqueline Laurita.

Inside November, any Wall Street Journal reported such Laurita's Signature Apparel, whatever designed, built and distributed Rocawear-branded juniors' apparel had gone belly on high couple years prior, was being hit with one lawsuit seeing some $2.8 million inside damages via one out of its own Rocawear licensees, ROC Fashions.

The same month, Rocawear announced such object might initiate selling $22-a-pop "Occupy Entire Streets" T-shirts amid response for a Occupy Wall Street protests inside Brand-new York's Zucotti park, though none out of each proceeds ought to proceed in order to support any occupiers. The company reportedly ceased sale of any shirts certain following week amid harsh criticism.

Jay-Z includes retained single interest inside Rocawear since segment made from his 2007 deal, according toward the Post, but his contractual obligations for any brand own expired along with any rapper contains since refused to promote something amid steady, double-digit sales drops.

"Jay-Z doesn't perform anything without getting paid some lot belonging to money -- one lot more in comparison to Rocawear is generating," some source reportedly for each paper.

Views: 307

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Snow Storm Comment by Snow Storm yesterday

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Karlieon Comment by Karlieon 11 hours ago

Fuck skyward. I geuss as it is 8732 also akoo for each spring wardrobe.

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