Hip-hop mogul Shawn 'Jay-Z' Carter has signed a deal to buy British designer Scott Langton's luxury clothing brand Artful Dodger - for $15 million (£7.5 million) cash.
The rap star completed the purchase together with his business partners Iconix Brand Group Inc. last week (ends09Nov07) under the company name Scion - a joint venture between the two parties.
In a statement, Carter says, "Artful Dodger is an incredible brand with a lot of room for growth and Scott Langton is a visionary designer. "They represent what's next and new in fashion and we are glad to have both the brand and Scott as a part of our family."
Iconix bought Jay-Z's Roc-A-Wear Clothing label earlier this year (07) for $204 million (£102 million) in cash. (MT/WNWCNHL)
Copyright 2007 WENN
Dexter: Original Sin Creator Clyde Phillips Explained Why They Decided To Create A Prequel, And It Makes So Much More Sense To Me Now
Jurassic World: Rebirth Writer Compares The Movie To Steven Spielberg’s Original, And I’m So In
I Was Skeptical When Gerry Turner Said His Golden Bachelor Marriage Ended With His Cancer Diagnosis, And His Recent Dating Comments Shed More Light
