According to allhiphop.com Russell Simmons is selling the clothing division of his Phat Farm company and the asking price is $150-200 million dollars. Word is Simmons wants to stay in charge but would like the resources of a bigger player to expand the operation. He told the website: "I want to build a billion dollar clothing line and I am seeking greater access and infrastructure.” Simmons’ other companies are not up for sale.
Aug 27, 2003
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1 min read
Russell Simmons selling Phat Farm clothing division
Russell Simmons is reportedly selling the clothing division of Phat Farm for an asking price of $150-200 million, while his other companies are not for sale.