Iconix, the owner of brands such as Joe Boxer and Candie’s, said the acquisition of Rocawear brand, to diversify its portfolio of brands.
According to Reuters, the brand management company said in a statement that it expects Rocawear to generate about $43 million in royalty revenue in the first 12 months under its fold.
Jay Z will continue to head the brand which generates over $7 Million in annual sales. “He will retain his stake in the operating company and his two partners, Alex Bize and Norton Cher, will continue to run the company and enter into a long-term license agreement with Iconix for the core young men’s apparel category.”
COMMENTS
Baaaaaaaaaaaaallllllllllllllllllllllllllliiiiiiiiiiiiiiiiiiiinnnnnnnnnnnn!!!!!!!!!!!!!
ok jigga do ya thang..
~ya thing
i hope yall dont think all of that 204 million is going to jay-z ijust hope yall dont think that.
and yeah jay keep getting that money
MileHigh1:
what is you talking about? Who else would the money go to? Of course he wont pocket it all, he has expenses...I wanna know who YOU think is getting some of that money....
NOBODY even wears Roc-A-Wear anymore. Seriously. It REALLY IS like FUBU, or Tommy Hilfiger, or Reeboks. Ha.
Damn! He is going to get a huge percantage of that money. I see why he didn't bother with the dipset beef! He got alot more shit to do! That rich muthafucka, Jim Jones don't know what ballin is!
"Your future's my past, I been there before"
-Jay-z!
NOBODY even wears Roc-A-Wear anymore. Seriously. It REALLY IS like FUBU, or Tommy Hilfiger, or Reeboks. Ha.
That makes him the real ultimate hustler then! Cause he just got stupid paid off of some bullshit clothes! Ha.
"I sell ice in the winter/ I sold fire in hell/ I am a hustler baby I sold water to a whale" - Jay-z
This nigga lives his rhymes! What these rappers know about that?
Yo that nigga gettin' Fat Cake and even with all that Ballllliiiinnnn Shit Dipset talkin 6out they tryin to encinuate that They get it off Drugs 6ut 6ullshit theyd 6e kingpins if they made $200,000,000 off Coke yo so thats 6ullshit
"Your bank account vs mine
Nigga if u ballin what im doin cant be define"
Get thay bread son
Obviously if $7 million dollars in retail is made every year, someone IS wearing it. Just not where you are.
Yet another hustler move, stomping out the competition subliminaly.
BIG CHIPS!!
What is you talking about? Who else would the money go to? Of course he wont pocket it all, he has expenses...I wanna know who YOU think is getting some of that money...
I plan to take a sizable chunk of it...I'm planning to whore myself out to him, try become legal counsel/agent/manager to Jay...and to any of you who can rap, make beats etc...get at me...I'm starting my own label and artist management company...look out for The Pinnacle Music Group
"you paper chasing, they paper hating, billionaire Hov you on the pace to make it" -Hova...Listen, the boy just don't rap about shit he can't do. Now yall can shoot that jump shot and say BALLINNNN, but only if you ain't talking about a "punk ass buck"
Defsounds R, you have the line wrong, it goes.
I sell ice in the winter, I sell fire in hell,I am a hustler baby, I'll sell water to a well-U don't Know,Jay-Z
Get that money
charismatic — about 2 hours ago
NOBODY even wears Roc-A-Wear anymore. Seriously. It REALLY IS like FUBU, or Tommy Hilfiger, or Reeboks. Ha.
Prime example of what one would call "paper hating." You think a corp. company don't have market researchers? 78% of all fortune 500 companies focus on market research. You don't invest money into something that will fail. Why you think you ain't been signed yet ;)
HOV IS GROWING IN POWER ONE STEP CLOSER TO A BILLION.....
ROC man, my nigga jigga on a Race to a billion he aint worried bout no baby ballaz toy rappaz, and trust niggaz still b roc'in da roc-a-wear. skillz signing out
DAMn damon dash is maddddddddddddddddd
FUCK Ya'll Niggaz Talkin' Bout Roc Is All I Roc
damn, cash......IT'S THA ROC YALL
wheres Jimmy Jones now...bitch of dipset....BROOOOOOOOKKKKKLLLLLLLYYYYYYYNNNNNN!!!!! fuck balin ....nigga get paid!!!!
No body wearing it???? WOW! 7$ Mil a year...someones wearing that!!
if Dipset Ballin'...somebody get me a dictionary so I can try to figure of what Hov doin!!!
man thats whack son j could be making bank but hey he still is so i guess hes still ballin
fuck all you faggot ass niggas coming @ Dipset like dey ain't da best rap group n da game right now
i wonder how much hov is worth now??
...................................................DAMN!
Rich ass nigga...shit im finna go out and start my own clothin line. lol
ne prolly worth like at least 500 mills now and dont forget its growin at a very fast rate...he goin for dat billion...Get ur cake my negga but i wish i cud get like 1.00% of dat shit lol
shit i stil wear rocawear. its still poppin in cleveland,oh
its so quick how nigga's forget, Dame helped or if not created roc-a-wear with the marketing and running of the label damn he still eating off another nigga's hard work.
Rocawear is region specific. Niggas dont rock it in DC. point blank. we have our own clothing brands/styles. u might have seen some We R One, Shooters, or Solbiato on The Wire worn by Slim. Ya diiiig. So in DC, no, nobody is really rockin Rocawear like that no more.
SSSSSSSSSSSSSSSEEEEEEEEEEEEEEEEELLLLLLLLLLLLLLLLLLLLLLLLOOOOOOOOOOOOOOOOOOOUUUUUUUUUUUUUUUUUUUTTTTTTTTTTTTTTTTTTTTTTTTTTT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Corporatepimp said dam dash is mad,I say shut the fuck up dam dash a rich nigga,dis dude made over $200,000,000 dollars dis past year so shut the fuck up u rap politics
Corporatepimp said dam dash is mad,I say shut the fuck up dam dash a rich nigga,dis dude made over $200,000,000 dollars dis past year so shut the fuck up u rap politics
Damon Dash didn't make over $200,000,000 dollars this past year you idiot,200 million is Dame networth.
And Harper, you need to know what you are talking about bfore you post nonsense, the marketing of Rocawear was Jay-Z wearing it, and Dame wasn't running shit at the fashion label, the other partners were.So how is Jay-Z eating off another mans hard work you moron.If Hov didn't wear it, it would have never gotten big, Rocawear is all Hov dummy, Dame was nothing but a middle man.