Phat Farm is an American clothing line founded by entrepreneur Russell Simmons in 1992. The company was acquired by Kellwood Company, a publicly-traded apparel manufacturing and marketing firm, for $140 million in 2004. In 2007, the brand was sold to Iconix Brand Group Inc., a global brand management company that owns brands such as Candie’s and London Fog.
Iconix paid approximately $109 million for Phat Fashions LLC, the parent company of Phat Farm and its related brands. As of 2020, Iconix Brand Group currently owns 100% of the rights to the Phat Farm trademark and holds all intellectual property associated with it.
Russell Simmons, the iconic hip-hop mogul and co-founder of Def Jam Records, is the founder and owner of Phat Farm. Founded in 1992 with a $5 million loan from his brother Joseph Simmons (of Run–D.M.C.), Phat Farm has become one of today’s most popular urban lifestyle brands for men. It was created to provide stylish yet affordable clothing that was inspired by classic trends but had a modern twist.
The brand quickly gained traction amongst celebrities, athletes and music stars who were looking for unique fashion options – making it a must-have item in every wardrobe!
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What Happened to Phat Farm
Phat Farm, founded in 1992 by Russell Simmons and Marc Eckō, was once a popular clothing company that provided streetwear for men. However, the brand eventually closed its doors due to increasing competition from other brands. In 2007, it was acquired by Kellwood Company and rebranded as Phat Fashions before finally closing in 2009.
Despite its closure, Phat Farm remains an iconic symbol of hip hop culture with many of its designs still being worn today.
Who Owns Phat Farm Clothing?
Phat Farm, founded in 1992 by entrepreneur and fashion mogul Russell Simmons, is a popular clothing line that caters to the modern urban lifestyle. The company was initially started as an independent retailer based out of New York City but eventually grew into a full-fledged apparel line with its own stores located around the world. As of 2021, Phat Farm is owned by Russell Simmons and his investment firm Def Jam Enterprises.
Over the years, Phat Farm has become synonymous with hip hop culture and their signature items such as t-shirts, jeans and hoodies have gained cult status among fans of rap music. Additionally, they offer a large selection of accessories including hats, watches and sunglasses designed for both men and women. Whether you’re looking for something stylish or simply want to show your support for this iconic brand—Phat Farm will surely have something that fits your style!
Is Phat Farm Still in Business?
Yes, Phat Farm is still in business. Founded by Russell Simmons in 1992, the brand has continued to stay relevant over the years while providing quality urban fashion at affordable prices. The company’s clothing line includes an array of men’s and women’s apparel including t-shirts, polos, hoodies, jeans, outerwear and accessories.
In addition to its apparel collection, Phat Farm also offers a wide range of footwear for both men and women that feature classic design elements with contemporary styling. Although the company does not have as many stores as it did when it first launched nearly three decades ago due to changing consumer tastes and preferences as well as competition from other brands such as FUBU and Ecko Unlimited, Phat Farm continues to be a leader in urban fashion by staying true to its roots while introducing new styles each season.
Does Russell Simmons Still Own Def Jam?
Russell Simmons co-founded Def Jam Recordings in 1984, and was its CEO until 1999. He is credited with bringing hip hop to the mainstream music scene by signing iconic artists such as LL Cool J, Public Enemy, Beastie Boys and more. For many years, he remained involved with Def Jam in various capacities, but since 2016 his involvement has been minimal.
He sold his remaining stake in the label to Universal Music Group that year and stepped away from his roles at Rush Communications (his management/marketing firm) after being accused of sexual misconduct. Since then he has kept a low profile with regards to both companies and no longer owns any part of Def Jam Records or Rush Communications.
Who Owns Baby Phat Now?
In 2003, Kimora Lee Simmons and her then-husband Russell Simmons sold their company Baby Phat to Kellwood Company. Since then, the ownership of Baby Phat has changed multiple times. In 2013, it was purchased by Iconix Brand Group Inc., and today is owned by the holding company Bluestar Alliance LLC.
The brand has been re-launched in 2019 with a focus on streetwear for women and men as well as apparel for children. With its iconic ‘90s style fashion trends still at its core, the label continues to be sought after by many loyal fans who have followed it since its inception in 1999. Now under new ownership, Baby Phat aims to provide quality clothing that evokes nostalgia while staying current with modern trends and empowering people to express themselves through fashion without sacrificing comfort or durability.
Conclusion
In conclusion, Phat Farm is an iconic clothing brand that has been successful for over two decades. The company was founded by Russell Simmons and is currently owned by Iconix Brand Group. Although Phat Farm has changed hands several times since its founding, it remains one of the most recognizable brands in contemporary fashion.
Its success demonstrates how a small start-up can become an international phenomenon with the right combination of creativity and business acumen.
