Despite the tight credit markets and fears over a recession, Sean “Diddy” Combs on Tuesday
revealed he has acquired the Enyce brand from Liz Claiborne Inc.
While terms of the deal were not disclosed, sources said Combs’ company, Sean John, purchased the flailing urban label for $20 million. The Enyce acquisition also includes all rights and trademarks for the RSRV men’s line, which Claiborne launched in top urban specialty stores in September 2007. The purchase of these brands adds to Combs’ overall portfolio of labels, which includes the Zac Posen brand.
Source: WWD
Advertisement
Posted in: Business/Finance, Fashion & Beauty
Posted on October 21, 2008 by D. Bell