Jay Z's Barneys Holiday Collection To Exceed $1 Million In Profits
Not only did Jigga hit Barneys with an old hustler move after allegations came about that the retailer racially profiled some African American customers but the holiday collection is believed to have made $1 million. Instead of Jay's charity receiving a percentage of the line's proceeds he managed to get Barneys to donate ALL proceeds to his Shawn Carter Foundation PLUS 10% of ALL Barneys sales on the first day the line debuted which means the SCF will be receiving one million bucks!! The Shawn Carter Foundation has $1 million more in its coffers thanks to profits from the luxury clothing line Jay Z launched at Barneys’ flagship Manhattan store six weeks ago. A source close to Barneys said figures were being tallied on Friday, the last day of sales, but profits had exceeded the million-dollar mark. The collection was unveiled amid a surge of criticism from Jay Z fans who wanted him to pull out of the Barneys deal after two black shoppers said they were racially p...