Wednesday, October 22, 2008
Power Moves
Diddy Buys Out Clothing Line Enyce
Linda Hobbs
Sean “Diddy” Combs has announced today that he’s bought out the popular streetwear clothing line ENYCE from Liz Claiborne Inc.
"Enyce is a brand that I have always admired, and they have been a very important player in the young men's sportswear arena for over a decade. I am really excited to bring it into our portfolio of brands that already includes Sean John and Zac Posen,” Diddy said in a release. “Given our track record of success in marketing products such as Ciroc Vodka, Unforgivable by Sean John, and all of our television titles, I look forward to adding our expertise to an already hot fashion line. Our long-term plan is to grow the Enyce brand through innovative marketing, expansion of the menswear and boy's lines, and launching into new licensing categories.”
The Sean John owner says that in spite of the current economic woes, he’s confident the purchase was a great investment. “The current economic climate may be challenging, but we believe it is also an opportunity, and we are really excited to add Enyce to our lineup.”
Now this was a power move, that's why I mess wit Diddy. He's a major mogul and he's always thinking big. Jay-Z, 50 even Russel aint got nothing on Diddy.
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