Jay-Z Buys Artful Dodger for $15 Million

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Scion, LLC, a joint venture between Iconix Brand Group, Inc. and Shawn ‘Jay-Z’ Carter, today announced that it has acquired the brand Artful Dodger(R) from Sovereign State, LLC. The purchase price for the brand was approximately $15 million, paid in cash by Scion.

Artful Dodger is an exclusive, high-end apparel brand sold in boutiques and specialty stores such as Harvey Nichols in the UK and at specialty stores and boutiques in the United States.

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