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Sean Combs buys up Enyce for $20 million



Tbdseancombs102208 What flagging economy? Sean Combs just threw down $20 million to buy Enyce from Liz Claiborne Inc., Women's Wear Daily reports. That's a lot of baggy jeans.

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]


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