Sean “Diddy” Combs is seeking to buy back his Sean John fashion line from the brand’s now-bankrupt owner, according to a legal filing this week in Manhattan federal bankruptcy court.
The hip hop mogul sold off most of Sean John to the apparel giant Global Brands Group in 2016, but GBG’s U.S. unit filed for Chapter 11 bankruptcy this summer, citing losses during the COVID-19 pandemic. And on Wednesday, the GBG unit that controls Sean John filed its own bankruptcy petition.
That new filing included standard bankruptcy information – total assets and debts, key creditors, and so on – but also one notable nugget: That SLC Fashion LLC, a company associated with Combs, was seeking to buy the Sean John brand for $3.3 million.
