SEAN COMBS BUYS ENYCE FOR 20 MIL (source http://www..sixshot.com/)
Sean “Diddy” Combs has reportedly bought hip-hop clothing line Enyce for $20 million from fashion giant Liz Claiborne Inc. According to Women’s Wear Daily, Liz Claiborne Inc. purchased Enyce for $114 million in 2003 but the clothing line’s sales have dramatically declined. Liz Claiborne Inc. believe that Diddy will help rejuvenate the once popular clothing line. “Enyce is a strong brand with a loyal customer following; however, the unsettled economic environment and our commitment to properly resource and focus on other brands in our portfolio contributed to this decision,” explained William McComb, CEO of Liz Claiborne Inc. “As a leading player in the young men’s market, Sean Combs has the expertise and resources to help Enyce endure this difficult period and ultimately thrive. We are pleased that Sean Combs has decided to purchase the brand.”
“Mr. Blackwell,” 86, whose annual worst-dressed lists skewered celebs for their fashion mistakes, died Sunday of complications from an intestinal infection. Blackwell began his infamous criticisms almost 50 years ago, way before Joan Rivers and the fashion flock honed style sarcasm to the daily lambasting it’s become in mags such as Us Weekly and InTouch as well as on TV shows and the internet. Click here to see a gallery of Blackwell’s life. Even though Blackwell’s no longer with us, his legacy will, no doubt, live on.