AHH Stray News: Jay-Z’s Rocawear Profitable During Tough Economy
Hip-Hop apparel brand Rocawear helped its parent company Iconix Brand Group post a better-than-expected quarterly profit, despite a sluggish economy and a tough U.S. retailing market. Iconix, which bought Rocawear from Jay-Z in 2007 for $204 million dollars, earned over $18.3 million dollars for the third quarter of 2008. According to Iconix CEO Neil Cole, […]