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Jay-Z Black Music Month

Source: CS / Radio One

The net-worth is increasing and so is the network! The brand Mitchell & Ness has a new ownership group and its filled with “the culture.” Fanatics, Jay-Z, Meek Mill and Lil Baby purchased the legacy sportswear brand at what can be a deemed as a steal — $250 million. Mav Carter and the D’Amelio family of TikTok fame are also apart of the investment group.

“Fashion is cyclical, but classics are forever. Mitchell & Ness is a true classic,” JAY-Z said in a statement. “I was an early adopter of this brand, as well as a part of a departure from athletic wear. I’m proud to play a small role in bringing it back, and in some cases, introducing the authenticity and quality of the Mitchell & Ness brand to a new generation.”⁠

Source: https://www.instagram.com/p/CaIkAdkJ0iP/?utm_source=ig_web_copy_link