Sean John founder Sean “Diddy” Combs and financial partner The Yucaipa Cos. have acquired streetwear brand Enyce from Liz Claiborne Inc. Terms of the deal were not disclosed, but according to an informed source, the purchase price was about $20 million.
“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,” said Combs, founder and CEO of Sean John. “I am really excited to bring it into our portfolio of brands that already includes Sean John and Zac Posen. Our long-term plan is to grow the Enyce brand through innovative marketing, expansion of the men’s wear and boys’ lines, and launching into new licensing categories.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)