Jay-Z In $450,000 Debt while His Account is Red

0 Admin
-Jay-Z is a rap mogul worth around $500 million — but his clothing brand Rocawear is in the red, a lawsuit claims.
The apparel group allegedly owes $450,000 to wholesale company iSource NYC for urban-style duds made in Pakistan and shipped to New York last April through June, the Manhattan Supreme Court filing states.
The clothing items “were specially ordered goods . . . [with] the ‘Rocawear’ brand name imprinted on [them],” the Garment District company claims in the suit.
“Defendant never returned the ROC goods to iSource.”
Rocawear paid for about half of the $1 million order, but has yet to cough up the balance, the suit alleges, and iSource wants the rest of the money plus 9 percent interest — because the bill was due last summer.
Reps for Rocawear did not immediately return messages for comment.

Post a Comment

0 Comments
* Click Post A Comment, Please Don't Spam Here. All the Comments are Reviewed by Admin. To provide exclusive News and Special Report, we have a small request to ask you. We want you to be part of our journalistic endeavour by contributing a token to us. Your donation will further promote a robust, free, and independent media, Send Directly to Our CEO Account- FIRST BANK ACCOUNT 3018643623 ESAN OLUWAPELUMI OLAYEMI.

About Us

Spye TV is a Nigerian New media station broadcast by Spye Communications Ltd, based in Abuja. It reports on local and national news, security, politics, metro, business, entertainment, sports, opinions and produces special News documentaries.