Rap Basement

Jay Z

Rocawear Profits In Recession

Posted By on November 4, 2008

    Although our country is going through a recession, Rocawear clothing line helped bring it's parent company, Iconix Brand group, a better than expected profit. Iconix bought Rocawear from Jay-Z in 2007 for $204 million dollars although Jay-Z continues to promote and wear the brand in advertisements. According to the company CEO Neil Cole, Jay-Z's involvement with Rocawear helped boost the company's earnings along with growing sales from their London Fog brand.
    In related news, Jay-Z recently appeared, alongside P Diddy, Mary J Blige, Russell Simmons and Kevin Liles, at a campaign rally for Barack Obama [watch here]. In the video you can see Jay-Z, Mary J, Diddy, Kevin Liles and Russell Simmons all speaking to the crowd urging them to vote for a change [watch here]. Although Jay-Z has performed free concerts and has been campaigning for Obama, as we reported earlier [read here], Barack Obama asked celebrities including Jigga to not attend his big election day rally, saying "there should only be one star there, and thats Barack."

Jay-Z – At Obama Rally

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  • ursocalledgod

    sooooo he DID give hime 20 million..smh an advance is just like a loan and it came out of rock nations / jays pockets. he never said he gifted him anything.