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Diddy Buys Sean John Brand Out Of Bankruptcy For $7.5 Million

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Sean “Diddy” Combs, the music mogul and producer, has won the bid to repurchase his fashion label, Sean John.

After a bidding war with four other parties, Diddy won the rights to Sean John for $7.5 million. If no objections are raised, the agreement will be finalized this week.

The music producer’s initial bid in bankruptcy court earlier this month was $3.3 million, made through an acquisition company called SLC Fashion LLC. Because of his position as the stalking horse, any other offer on Sean Jean would have to outdo his.

The streetwear brand was founded in 1998 by the 52-year-old entertainment mogul. Combs reportedly sold 90 percent of the company to Global Brand Groups in 2016. Sean Jean’s annual retail sales were around $450 million at the time. GBG filed for Chapter 11 bankruptcy in New York in July 2021.

Diddy’s relationship with GBG had soured prior to their bankruptcy filing. In February 2021, he filed a $25 million lawsuit against GBG for alleged “false endorsement, misappropriation of likeness, and violation of his publicity rights.” According to reports, the suit has now been dropped.

Revealing why he bought back the brand, Diddy said;

“I launched Sean John in 1998 with the goal of building a premium brand that shattered tradition and introduced Hip Hop to high-fashion on a global scale.

“Seeing how streetwear has evolved to rewrite the rules of fashion and impact culture across categories, I’m ready to reclaim ownership of the brand, build a team of visionary designers and global partners to write the next chapter of Sean John’s legacy.”

Diddy’s current net worth is estimated to be around $885 million, derived from his various brands and businesses, which include music, television production, alcohol, and other beverages.

Media & Culture

“My GH¢50K Surgery Body Is To Attract Only Rich Men” : Kisa Gbekle

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Kisa Gbekle, Ghanaian actress, has disclosed the rationale behind her surgical physique, claiming that she spent GH50,000 on her appearance in order to attract wealthy men.

According to her, she is only interested in dating wealthy men or “papa no.” She went on to say that age was just a number and that she would date an older man if he was wealthy.

Kisa Gekle stated in an interview that she has spent a lot of money to improve her figure and that she would require a man who is wealthy enough to maintain her status and financially assist her to take extremely good care of her body.

“When I say heavy, heavy entails a lot, but I don’t mean financially. You are aware that I have just completed my entire body. And it isn’t easy. It’s a large sum of money. So I need someone who is wealthy and has a lot of money.”

“It doesn’t matter how old you are. I’m cool as long as the person is cool, calm, collected, and heavy.”

Kisa Gbekle travelled to Instabul Turkey to go under the knife in order to enhance her overall look and physique.

She spent a whopping GH¢50,000 to have a butt lift to correct her saggy tummy and achieve a tighter snatched midsection.

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“I Liked It More When My Life Was Mine” : Black Sherif Writes

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Popular Ghanaian Hiplife/Trap superstar, Mohammed Ismail Sherif, often known as Black Sherif, may be feeling pressured by the celebrity lifestyle because one cannot live according to his own will longer but by the will of others, as he laments that he wishes his life was his.

One of the drawbacks of being a public figure is that people get to tell you how you should conduct your life. Fans on social media will always be harshly critical of famous personalities if they fail to achieve their expectations.

Well, Black Sherif, who exploded into the scene and is now regarded as one of Ghana’s top young acts, has regretted the fact that his previous life used to be his best because it became a routine for him to avoid severe criticism from the public.

According to him, he felt safe being himself and the people around him, but he thinks that his new lifestyle will allow him to rediscover himself.

This comes after the musician was supposed to have walked out of school and enrolled in a different institution because he thought he was being left behind.

He wrote;

“I Like It More When My Life Was Mine. When I Used To Enjoy Living In Fear Because It Became My Routine. When I Felt Safe Being Real. Hopefully, I Sail Through These All To Meet A New Me. Good Luck Kwaku, Keep Going”.

See below;

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Princess Shyngle Reveals Her Regret After Meeting Hollywood Actor Idris Elba

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Actress Princess Shyngle has revealed her regret after meeting with Hollywood actor, Idris Elba.

The curvy Gambian actress shared a photo she took with Idris, who is married.

In the caption, she called him her crush and said his arm on her leg, as seen in the photo, was “so comfortable”.

She adds that what she regrets following the meeting is that she didn’t grab him with her two arms and refuse to let him go.

Princess Shyngle reveals her regret after meeting Hollywood actor Idris Elba

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