Congratulations are in order for Sean “Diddy” Combs. As we told you, he’s been in the process of buying back Sean Jean, the clothing line he founded back in 1998. We can now report that his endeavor has been a success.
Global Brands Group, the company that was looking to sell Sean Jean, filed paperwork in Manhattan federal bankruptcy court yesterday saying that the hip-hop mogul had won the bidding war for the fashion line.
“I launched Sean John in 1998 with the goal of building a premium brand that shattered tradition and introduced hip-hop to high fashion on a global scale,” Combs said in a statement. “Seeing how streetwear has evolved to rewrite the rules of fashion and impact culture across categories, I’m ready to reclaim ownership of the brand, build a team of visionary designers and global partners to write the next chapter of Sean John’s legacy.”