December 22, 2021
Diddy Buys Back Sean Johnn Out of Bankruptcy for $7.5 Million
[ad_1] Diddy has regained ownership of his former clothing brand Sean John.According to a report from TMZ on Tuesday (Dec. 21), the rapper-turned-music mogul bought the brand out of bankruptcy for $7.5 million in cash. The outlet notes that Diddy was up against four others in the bidding war."I launched Sean John in 1998 with the goal of building a premium brand that shattered tradition and introduced Hip Hop to high-fashion on a global scale," he told the gossip website.Diddy continued, "Seeing how streetwear has evolved to rewrite the rules of fashion and impact culture across categories, I’m ready to reclaim ownership of the brand, build a team of visionary designers and...