Sean Combs buys up Enyce for $20 million
Terms of the deal weren't disclosed, but it was confirmed Diddy's company Sean John closed the deal. That sum is quite a bit less than the $114 million Claiborne paid Sports Brand International for it in 2003.
All this leads us to wonder just what Puffy's thinking. Just a couple months ago he couldn't afford gas for his (rented) jet, but now he can cough up $20 mil for a fading fashion company that nobody wears anymore? It's a rough life.
[Photo: Getty Images]