Update: Jay-Z took to Twitter today (August 3) to correct the report that Rocawear was buying Pharrell's Billionaire Boy Club. "Partnering with @4real4rell on "BBC" follow him.. (Not "buying" as GQ erroneously reported,") Jay-Z tweeted.
Jay-Z is expanding his empire. Rocawear -- co-founded and overseen by Jay-Z and owned by Iconix Brand Group -- will be partnering Billionaire Boys Club, not owning "the licensing to manufacture and distribute Billionaire Boys Club," as GQ had reported.
Jay-Z and Pharrell will be working together to heighten the success of The Neptunes' Pharrell Williams and Nigo's clothing estabilishment, sources tell GQ.