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P. Diddy wants to buy back bankrupt Sean John line

1 month ago   |   By

Image: missguidedus.com
Billboard has reported that P. Diddy is looking to buy back his Sean John fashion line from the brand's bankrupt owner. Diddy had sold most of the apparel line to Global Brands Group in 2016, but this summer GBG filed for Chapter 11 bankruptcy after the devastating blow they took from COVID-19. The affiliate of GBG that controls Sean John filed its own bankruptcy petition this past Wednesday.
The bankruptcy filing specified that SLC Fashion LLC, a company under Diddy, was looking to buy the brand at a price of 3.3 million dollars in a stalking horse bid. Other...
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