Russell Simmons Sells Phat Fashions For $140 Million
Russell Simmons has sold Phat Fashions, into a partnership with clothing company, Kellwood.Under the terms of the deal, Phat Fashions becomes a subsidary of Kellwood.Simmons received $140 million dollars in cash and will continue to manage the company on a day-to-day basis, while Simmons’ wife, Kimora Lee, will continue as principle creative aribiter at Baby […]