Jay-Z Sells Clothing Company

Joseph T. Cool

Administrator & WC HOF'er

In a deal announced today, rapper Jay-Z will be selling his Rocawear clothing line to Iconix Brand Group for $204 million cash. The deal could also net the former crack dealer $35 million in Iconix stock if the brand meets certain performance requirements. Iconix Chairman and CEO Neil Cole said:

"This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth...This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring."

Randy Orton

WC's Resident Alchoholic

that is alot of money for a camel.

Mr. WikipediaSpamBot

Does anyone care about Rocawear anymore? The brand is nowhere near as big as it used to be, sorta like Fubu.

Randy Orton

WC's Resident Alchoholic

supposedly it does retail sales of over $700 million a year from another article i read about this earlier. personally i dont own anything from them.