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29 Aug

Parlux to Pay Jay-Z Nearly $7M in Royalties, Judge

Parlux to Pay Jay-Z Nearly M in Royalties, Judge

Latest York Second District Supreme Court Justice Andrew Borrok has ordered Parlux to pay Jay-Z $6.78 million in unpaid royalties for his Gold Jay Z fragrance, the rapper’s lawyer, Alex Spiro, confirmed to WWD. 

Shawn “Jay-Z” Carter partnered with Parlux in 2013 for the launch of his Gold Jay Z cologne, which was slated to debut at Barneys Latest York and Macy’s Inc. and later roll out to international markets, WWD previously reported. 

In 2016, Parlux filed a $68 million lawsuit against the rapper’s company, S. Carter Enterprises, alleging he failed to satisfy his contractual obligations for the fragrance, including promotional appearances, ultimately costing the corporate $18 million. 

The suit went to court last yr and was rejected by a Latest York jury, which deemed no damages could be awarded to either side (on the three-week trial, Spiro launched a counterclaim against Parlux, stating the corporate actually owed Jay-Z $4.5 million in unpaid royalties for the cologne). 

This past February, nevertheless, the Appellate Division, First Department issued a ruling that the 52-year-old rapper was the truth is owed a then-undetermined amount of unpaid royalties by Parlux. 

Borrok has now deemed that quantity to be $6.78 million. 

The Latest York Post reported on Friday that Parlux had filed an appeal of Borrok’s ruling. A spokesperson for Parlux couldn’t be reached for comment on Monday. 

For context, in Parlux’s 2016 suit against Jay-Z, the corporate stated it expected Gold Jay Z to generate $15 million in sales during its first yr on-counter, and $35 million at wholesale in subsequent years. 

The suit went on, stating the fragrance made $14 million in its first yr and only $6.1 million in its second, alleging its performance was hurt by Jay-Z rebuffing several promotional opportunities.

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