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Jay Z: Rapper faces lawsuit for failed deal

US rapper, Jay Z is currently facing litigation concerning a business deal gone sore.

He is being sued for over $20 million by Parlux Fragrances, the company who created his scent Gold Jay Z.

Jay Z and Beyoncéplay

Beyoncé and Jay Z

(Daily Mail)

 

According to the company, the rapper had failed to live up to the agreement concerning the deal, which has led to a loss.

READ: DJ Khaled shares selfie of himself with Jay Z

The perfume company was expected to earn a sum of  $50 million over a period of two years if the rapper had honoured agreement.

According to the Daily News, was meant to make at least six promotional appearances including an appearance on Good Morning America, an exclusive interview with Women’s Wear Daily and an in-store appearance at Macy’s.

Jay Zplay

Jay Z

(Splash News )

This never happened.

Parlux wants compensation to the tune of $18 million as compensation for the breach in contract.

Of all 99 Problems the rappers, this lawsuit is certainly the biggest one.

 

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