07
Mar
07

Jay Z Sells Roc A Wear & Somewhere Damon Dash Is On The Toilet

Iconix Brand Group Inc., an owner, licenser and marketer of consumer brands including Joe Boxer and Bongo, on Tuesday said it agreed to buy Rocawear brand for $204 million (U.S.) in cash. The purchase price also includes contingent payments of an additional $35 million of Iconix stock based on the brand surpassing some performance thresholds over the next three to five years.

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