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Roca Bye, Jay-Z: Jay-Z?s Rocawear Company Sued For $450,000

Six years after Jay-Z sold his and Dame Dash’s Rocawear clothing line to Iconix Brand Group and the once prominent clothing brand is now facing legal troubles. According to The New York Post,  Rocawear is being sued by wholesale company iSource NYC for $450,000 of unpaid fees for shipping Rocawear clothing from Pakistan to New York City from April to June of 2012.

The deal to ship clothing from Pakistan to NYC between the two companies was agreed at a price of $1 million which Rocawear has since paid only half of. The wholesale company asserts that the clothing “were specially ordered goods . . . [with] the ‘Rocawear’ brand name imprinted on [them].”

While Jay-Z did sell Rocawear he maintained control of product development, licensing and marketing.



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Topics : Business_Finance
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Locations : New York City
People : Jay-Z




 
06/13/2013 12:27AM
Roca Bye, Jay-Z: Jay-Z’s Rocawear Company Sued For $450,000
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