Diddy Reclaims Ownership of Sean Jean
Published
Dec 21 2021 at 9:40 PM GMT
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- Diddy has reclaimed ownership of his renowned Sean Jean brand for $7.551 million USD, reports WWD.
- Diddy launched his eponymous streetwear label in 1998, which remained a household name in hip-hop fashion.
- However, the rapper and record executive sold the majority interest in Sean Jean to Global Brands Group (GBG) in 2016, with Diddy retaining a 10 percent stake.
- However, the relationship between the two entities soured over the years with Diddy filing lawsuits against GBG citing trademark infringement, false endorsement, misappropriation of likeness and violation of his publicity rights, according to WWD.
- At this time, the lawsuits have been dropped.
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- Published Dec 21, 2021 9:40 PM GMT