Russell Simmons Sold PHAT Fashions....
 

yea, check hiphopbasement.com

it's there....

rather rapbasement.com ..... my bad

Here's what the page says

"Russell Simmons has sold Phat Fashions, into a partnership with clothing company, Kellwood.

Under the terms of the deal, Phat Fashions becomes a subsidary of Kellwood.

Simmons received $140 million dollars in cash and will continue to manage the company on a day-to-day basis, while Simmons' wife, Kimora Lee, will continue as principle creative aribiter at Baby Phat. "

awesome sale he raked in loadsa coin

damn did ya see these motherfuckas crib?/

..I can live in their closet.. :shoot:

dont get it twisted peeps...
he only sold a small portion of phat farm
not the entire company...he still owns majority of it
140 million cash omg...who the hell bought it...

damn if it's a small portion imagine the whole pie........and damn his wife is fuckin hot

^ dumbass..they prolly jus transferred it to his personal account...Now kimora can buy herself an ass..nah, they'd need more cash...that reminds me...would baby phat be a part of thsi deal...im assuming its a subsidiary of Phat Fashions...and it's not like they're gonna stop makin the clothes...they just don't reap all of the benefits...this also raises other questions such as was Russell in some sort of financial trouble...or does he need cash to start some sort of huge project...you never know

I did..prostitution rocks..

Lets just hope your not the person in your avy if you do prostitution