Rocawear Explained

Rocawear
Founders:Damon Dash
Shawn Carter
Industry:Textile
Location:New York
Location Country:US
Key People:Shawn Carter (CEO), Damon Dash (chairman)
Revenue:$700 million (FY 2007)
Owner:Iconix Brand Group
Products:Clothing, footwear, perfume and fashion accessories

Rocawear (stylized Roc-A-Wear) is an American clothing brand founded in 1999 by Roc-A-Fella Records co-founders Damon Dash and Shawn "Jay-Z" Carter.[1] The brand has had annual sales of $700 million. Rocawear expanded through licensing to sell affordable clothes for children and juniors; socks and sandals; leather, suede, and fur outerwear; handbags and belts; lounge wear; big and tall; headwear; jewelry; and sunglasses; as well as co-branded product with Pro-Keds, State Property, and Team Roc.

R&B singer Ciara signed to be the new face of Rocawear in 2007 for the 'I Will Not Lose' campaign. Chris Brown, Memphis rap collective Three 6 Mafia, radio personality Ebro Darden, Toccara and Rich Boy were amongst the other celebrities who were part of the campaign.

In March 2007, Jay-Z sold the rights to the Rocawear brand to Iconix Brand Group for $204 million. Jay-Z retained his stake in the company and continued to oversee the marketing, licensing, and product development.[2] [3] In May 2018, the Securities and Exchange Commission (SEC) sought out Jay-Z's testimony in relation to possible security law violations made by Iconix.[4]

In March 2009, Rocawear launched its first social networking site, offering style news, music, fashion, and cultural connections.[5]

In August 2011, Jay-Z confirmed via Twitter that Rocawear had partnered with Pharrell Williams' clothing label, Billionaire Boys Club.[6]

In 2012, Rocawear was a €490 million clothing business.[7]

In November 2018, Jay-Z successfully halted a $204 million lawsuit between Roc Nation and Iconix over the lack of black arbitrators in the US.[8]

Notes and References

  1. News: Iconix to Buy Rocawear, Jay-Z's Clothing Line . New York Times . 7 March 2007 . Reuters . 20 May 2013 . https://web.archive.org/web/20160115074456/http://www.nytimes.com/2007/03/07/business/07clothes.html?_r=0 . 15 January 2016 . live .
  2. News: Jay-Z: Down To 98 Problems Yet?Y . MTV . 2007-02-07 . dead . https://web.archive.org/web/20070309153953/http://www.mtv.co.uk/channel/mtvuk/07032007/jay_z_down_to_98_problems_yet . March 9, 2007 .
  3. Web site: Keratoconus . 12 April 2017 . Thursday, April 9, 2020
  4. Web site: Jay-Z to testify over sale of Rocawear brand. 2018-05-03. Sky News. en. live. https://web.archive.org/web/20180504043009/https://news.sky.com/story/jay-z-to-testify-over-sale-of-rocawear-brand-11357643. 2018-05-04. 2020-05-06.
  5. Web site: Rocawear Dives into Social Networking Pool with Roc4Life . Henry . Adaso . 18 April 2009 . About.com Guide . 20 May 2013 . https://web.archive.org/web/20130515154459/http://rap.about.com/b/2009/04/18/rocawear-dives-into-social-networking-pool-with-roc4life.htm . 15 May 2013 . live .
  6. Web site: Jason . Gregory . Gigwisw.com . Jay-Z Partners With Pharrell Williams Fashion Label Billionaire Boys Club . 4 August 2011 . 20 May 2013 . https://web.archive.org/web/20130703152741/http://www.gigwise.com/news/65590/Jay-Z-Partners-With-Pharrell-Williams-Fashion-Label-Billionaire-Boys-Club . 3 July 2013 . live .
  7. Book: Luxury Brand Management . John Wiley & Sons . Chevalier, Michel . 2012 . Singapore . 978-1-118-17176-9.
  8. Web site: Jay-Z calls a halt to $204 million Rocawear lawsuit over lack of racial diversity. Smith. Amy. 2018-11-29. NME. en-GB. live. https://web.archive.org/web/20181129195203/https://www.nme.com/news/music/jay-z-calls-a-halt-to-204-million-rocawear-lawsuit-over-lack-of-racial-diversity-2414370. 2018-11-29. 2020-05-06.