Jay-Z is expanding his fashion empire with the Billionaire Boys Club, established by Pharrell Williams and Nigo in 2005.
Hov’s Rocawear owns the licensing to manufacture and distribute BBC. Now that the companies are under the same roof, Jay and Pharrell will supposedly work “as a tandem – using Jay-Z’s business prowess and Pharrell’s creativity.”
Under the terms of the deal, BBC will not be distributed in department stores simply because it’s owned by Rocawear. The exact terms, though, are yet to be disclosed.
Earlier reports from GQ.com, stated that Jay purchased BBC, it has since been cleared-up it’s a partnership between Rocawear and Billionaire Boys Club.
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