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Rocawear

Clothing brand


Summary

Clothing brand

FieldValue
nameRocawear
logoRocawear brand logo.png
logo_size120
foundation
foundersDamon Dash
Shawn Carter
industryTextile
locationNew York
location_countryUS
key_peopleShawn Carter (CEO), Damon Dash (chairman)
revenue$700 million (FY 2007)
ownerIconix Brand Group
productsClothing, footwear, perfume and fashion accessories
homepage

Shawn Carter

Rocawear (stylized Roc-A-Wear) is an American clothing brand founded in 1999 by Roc-A-Fella Records co-founders Damon Dash and Shawn "Jay-Z" Carter. The brand has had annual sales of $700 million. Rocawear expanded through licensing to sell affordable clothes for children and juniors; socks and sandals; leather, suede, and fur outerwear; handbags and belts; lounge wear; big and tall; headwear; jewelry; and sunglasses; as well as co-branded product with Pro-Keds, State Property, and Team Roc.

In late September 2005, Dash severed ties with Jay-Z and sold his stake in Rocawear for a reported $22.5 million USD, making Jay-Z the sole owner of the company.

R&B singer Ciara signed to be the new face of Rocawear in 2007 for the 'I Will Not Lose' campaign. Chris Brown, Memphis rap collective Three 6 Mafia, radio personality Ebro Darden, Toccara and Rich Boy were amongst the other celebrities who were part of the campaign.

In March 2007, Jay-Z sold the rights to the Rocawear brand to Iconix Brand Group for $204 million. Jay-Z retained his stake in the company and continued to oversee the marketing, licensing, and product development. In May 2018, the Securities and Exchange Commission (SEC) sought out Jay-Z's testimony in relation to possible security law violations made by Iconix.

In March 2009, Rocawear launched its first social networking site, offering style news, music, fashion, and cultural connections.

In August 2011, Jay-Z confirmed via Twitter that Rocawear had partnered with Pharrell Williams' clothing label, Billionaire Boys Club.

In 2012, Rocawear was a €490 million clothing business.

In November 2018, Jay-Z successfully halted a $204 million lawsuit between Roc Nation and Iconix over the lack of black arbitrators in the US.

References

References

  1. (7 March 2007). "Iconix to Buy Rocawear, Jay-Z's Clothing Line". New York Times.
  2. (27 September 2005). "Damon Dash severs ties with Jay‑Z". UPI.
  3. (2007-02-07). "Jay-Z: Down To 98 Problems Yet?Y". MTV.
  4. (12 April 2017). "Keratoconus".
  5. (2018-05-03). "Jay-Z to testify over sale of Rocawear brand".
  6. Adaso, Henry. (18 April 2009). "Rocawear Dives into Social Networking Pool with Roc4Life". About.com Guide.
  7. Gregory, Jason. (4 August 2011). "Jay-Z Partners With Pharrell Williams Fashion Label Billionaire Boys Club". Gigwisw.com.
  8. Chevalier, Michel. (2012). "Luxury Brand Management". John Wiley & Sons.
  9. Smith, Amy. (2018-11-29). "Jay-Z calls a halt to $204 million Rocawear lawsuit over lack of racial diversity".
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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