Reports indicate that Shawn "Jay-Z" Carter has entered into a deal to sell Rocawear to the Iconix Brand Group
has entered into a deal to sell Rocawear
for $204 million in cash to the Iconix
Brand Group. Iconix is a company that markets brands like Candies, Joe Boxer, Mudd, Londen Fog, Ocean
The deal can possibly net Jay-Z $35 million in Iconix
stock, if Rocawear meets certain
performance requirements over the next few years, according to reports.