Diddy pays US $ 7.5 M to Buy his Fashion Brand from Bankruptcy

Sean “Diddy” Combs has agreed to pay $7.5 million to buy back Sean John, the bankrupt fashion brand he founded in 1998.

“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,” he said in a statement, promising to “build a team of visionary designers and global partners to write the next chapter of Sean John’s legacy.”