Home Videos Photos Shop
PerezHilton CocoPerez J.Law Weinstein Taylor Swift Joe Jonas PerezTV

Rocawear Having Financial Issues?

| Filed under: Fashion SmashionJAY-ZBusiness Blitz

jay-z-rocawear-lays-off-employees_opt.jpg

Bad news for Rocawear staff members.

Jay Z’s company has laid off half of their employees!

The rap mogul actually sold his company back in 2007 to Iconix Brand Group but he stayed on as a shareholder.

He’s also responsible for product development as well as marketing and licensing.

Unfortunately, the company blames the bad global economy for the loss of all those jobs.

They had to let go of 28 of their 56 employees.

Times are tough.

[Image via WENN.]

Tags: , , , ,

Worst Dressed Celebs Of The Week!
Best Dressed Celebs Of The Week!
Biggest U.S. Box Office Bombs Of 2017!
Worst Dressed Celebs Of The Week!
Best Dressed Celebs Of The Week!
All The Wild TRL Fashion!

Comments are closed.