The entrepreneurialness that is Sean Combs, aka P.Diddy, has purchased the urban clothing brand Enyce from Liz Claiborne Inc. for a reported $20 million. In these days of hard times some people may think Diddy is a little over optimistic in taking on the failing clothing line but considering he bought the brand for $94 million less than what Liz Claiborne Inc. reportedly paid for it back in 2003, he got a great deal. Y'all know Diddy is going to flip that ish into a major money maker. Liz Claiborne Inc. don't know ish about urban clothing that is probably why the line has been declining in sales over the years. Congrats and good luck to Diddy, love him or hate him that man gets that money!!
Friday, October 24, 2008
Can P.Diddy Flip Enyce?
The entrepreneurialness that is Sean Combs, aka P.Diddy, has purchased the urban clothing brand Enyce from Liz Claiborne Inc. for a reported $20 million. In these days of hard times some people may think Diddy is a little over optimistic in taking on the failing clothing line but considering he bought the brand for $94 million less than what Liz Claiborne Inc. reportedly paid for it back in 2003, he got a great deal. Y'all know Diddy is going to flip that ish into a major money maker. Liz Claiborne Inc. don't know ish about urban clothing that is probably why the line has been declining in sales over the years. Congrats and good luck to Diddy, love him or hate him that man gets that money!!
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