Recession…What Recession?
Posted by Bossip Staff
Even though we are in a recession, Rocawear, made out like a fat rat this quarter:
In the midst of an economic turmoil, fashion lovers are still making their way into the stores to purchase some fly gear. Hip-Hop apparel brand Rocawear has earned over $18.3 million dollars for the third quarter of 2008. The clothing line helped its parent company Iconix Brand Group post a better-than-expected quarterly profit, despite a sluggish economy and a tough U.S. retailing market. Iconix bought Rocawear from Jay-Z in 2007 for $204 million dollars. According to Iconix CEO Neil Cole, Jay-Z’s direct involvement with Rocawear helped boost the company’s earnings, as did growing sales from the company’s London Fog brand of clothing. Cole says, the two brands were the “two biggest standouts in the quarter.”
Camel has been hustling for a while and getting rid of Dame was probably the best move he has made in the last 10 yrs. Him and Bey have a hustle going that can not be knocked.
For the whole article, hit up Livesteez.
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Savor the moment Jay
Good for you Jay!
Jay doing big things, with no negative *****’s to stop his flow. Good move J!
GETTIN MONEY LIKE IT AINT NUTHIN…
I might be wrong but I thought Jay Z sold his part of Rocawear????
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@ Valenne: I thought so too.
Dammit I’m starting a clothing line.
he no longer owns rocawear, so how does this benefit him? take his ***** out of your mouth and come up for air, bossip.
Yeah in no place in that article did bossip state that…you geeks dont read enough..lol
@ oshie,
go ahead!!, im so convinced that you can achieved anything you want! hell, im working on my own business! if god want, i won’t have to work for *****ody soon and im 25!!! lets believe in US!
achieve*
I can respect Jay-Z, he has come a long way and definately gives back to the community…
But as I read that post, I am just shaking my head. Beacuse in today’s economy.. people are still running out and getting the latest rocawear?
Seriously, we need to be saving up for the future, for retirement, our children’s future…
Jay-Z. Sean John, Russel and all the other designers are sitting back counting thier stacks, while some people are sitting in their new rocawear attire or holding that new Gucci bag wondering how they are going to pay the rent or mortage next month!
Come on.. we can do better!!
Preach lala#1…
Hey Lala#1, they ain’t worried about rent or mortgage cuz they still livin’ wit mommy!!!
And the little ones that are running around wearing this shiet to school can barely talk and/or read….
I’m praying for my people…..
Rocawear is soooo ugly. People still buy this crap? Its the FUBU of the new millinneum……
Man only white people and little kids wear Roca Wear…that ***** is like the New Osh Kosh and it’s not even expensive so I’m sure *****ody is breaking there pockets to wear it. It’s just the volume of sales.
And this benefits Jay-Z in no way becuase he sold he sold the business you idiots!
Aaah… fronting fronting fronting…
In March 2007, Jay-Z sold the rights to the Rocawear brand to Iconix Brand Group, for $204 million. Jay-Z will retain his stake in the company and will continue to oversee the marketing, licensing and product development.
I’m sorry who’s a dumb *****????
Do it Jay ..Handle ya buisness …just hire me please !!!!
can I get just a little bit of that money?
HE TOLD YALL HE’S A HUSTLA,IT JUST SO HAPPEND HE KNOWS HOW TO RAP. “BROOKLYN STAND UP”
@just because it looks good; I am praying as well!
Let’s wait for the 2009 benefits. This is jus the begenning of recession…