JAY-Z SECURES CHINESE EXPANSION DEAL FOR ROCAWEAR

By Tha Chill-One & Young Ream on Monday, June 01, 2009
Jay Z is expanding his empire and is getting more and more clout these days. According to AllHipHop, Jay Z is reported to have inked a huge deal that involves having rocawear exclusively sold in the Chinese market...
Mogul Jay-Z and partnering company Iconix China have secured an expansion deal to bring the Rocawear brand to the country of China. The deal was finalized with Bosideng International Holdings, who will manufacture the brand’s Spring 2010 lines. Additionally, the company has forecasted a timetable to break ground on over 300 Rocawear stores throughout Greater China by 2012.

As an original founder of Rocawear, Jay-Z stated that making the brand an international product was one of his main goals since selling the company’s rights to Iconix for $204 million. "When Iconix purchased the Rocawear trademark two years ago, Neil Cole and I made a commitment to building Rocawear into a global lifestyle brand,” Jay explained in a prepared statement. “Our expansion into China is a validation of our joint efforts to bring an authentic interpretation of American fashion to young people around the world."

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