After recent rumors sprung up about the G-Unit clothing line shutting down, representatives shut down the notion quickly.
"They aren’t shutting down," said a source Wednesday. "They may be leaving their partner, but the G-Unit brand is a base business of $75 million dollars annually."
The representatives did not, however, deny the reports that a round of layoffs could occur in the company as early as next week.
G-Unit Clothing was established in 2003, when 50 Cent teamed up with Marc Ecko to create the line of clothing and accessories. Ecko's company, Marc Ecko Enterprises, owns 50% of the brand.
According to The Wall Street Journal, G-Unit clothes make up 15% of Marc Ecko Enterprises' revenue; in addition, the clothing line enjoyed growth of nearly 30% last year.
"They aren’t shutting down," said a source Wednesday. "They may be leaving their partner, but the G-Unit brand is a base business of $75 million dollars annually."
The representatives did not, however, deny the reports that a round of layoffs could occur in the company as early as next week.
G-Unit Clothing was established in 2003, when 50 Cent teamed up with Marc Ecko to create the line of clothing and accessories. Ecko's company, Marc Ecko Enterprises, owns 50% of the brand.
According to The Wall Street Journal, G-Unit clothes make up 15% of Marc Ecko Enterprises' revenue; in addition, the clothing line enjoyed growth of nearly 30% last year.
Recent news
1
The Teacha will take time out of his holiday next week to participate in The Bowery Mission's annual Thanksgiving food drive.
Hottest news
1
50 Cent's projected first week numbers aren't quite what the Queens emcee would have hoped.
most discussed news
1
50 Cent's projected first week numbers aren't quite what the Queens emcee would have hoped.
