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Thursday, November 08, 2007
Jay Z Upgrades Portfolio...
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Scion, LLC, a joint venture between Iconix Brand Group, Inc. and Shawn 'Jay-Z' Carter, today announced that it has acquired the brand Artful Dodger(R) from Sovereign State, LLC. The purchase price for the brand was approximately $15 million, paid in cash by Scion.

Artful Dodger is an exclusive, high-end apparel brand sold in boutiques and specialty stores such as Harvey Nichols in the UK and at specialty stores and boutiques in the United States.

Shawn 'Jay-Z' Carter stated, "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. Artful Dodger represents the first of many acquisitions that will begin to shape our joint venture with Iconix." [SOURCE]

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Posted at 11:15 PM by Melody
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