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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,...
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