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JAY Z BEING SUED FOR BIG BUCKS
Wednesday, Jan 27, 2016
Getty Images
Getty Images

 

Did you know Jay Z had a fragrance called “Gold Jay Z?”

Yeah, neither did we. And it’s very likely that’s exactly why he’s in the situation he’s in right now. The fragrance company Parlux Fragrances partnered with the media mogul a couple of years ago to create the scent, and now they are suing Jay for $18 MILLION!

Why?

THE PRODUCT ISN’T SELLING. And Parlux believes that it’s Jay’s fault because he hasn’t been promoting it.

“Sales of Gold Jay Z have declined considerably because of Jay Z’s and his team’s lack of interest in supporting and promoting his own brand.”

He may not be promoting it, but he has done a little something… like collect over $2 million worth of royalties for the product that he did not advertise.  Not cool. There is no way Beyonce allowed this, right?

 

 

In addition to the $18 million, Parlux wants the $2 million Jay collected as well. Obviously these numbers are nothing at ALL in comparison to the coins Jay has stocked up, but it is still a large chunk of change nonetheless. Do you think he’ll pay up, or will he fight till the end?

 

YIKES: Jay Z Hires Third Tidal CEO In Eight Months

 

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