I recently learned that Jay-Z does not own RocaWear anymore but still retains interest in the company. I keep asking myself “How did I not know that he sold RocaWear?” At any rate, insiders are suggesting that maybe Jay has given up on the brand. It seems that at the very least the company is in a financial downturn. Maybe the “Occupy All Streets” campaign was a last ditch desperate move.
The New York Post reports:
Rocawear’s New York headquarters — a 40,000-square-foot facility at 1411 Broadway where Jay-Z took an office in 2009 — fired 28 of its 56 workers for “economic” reasons, according to documents filed with the New York State Department of Labor.
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