New York Second District Supreme Court Justice Andrew Borrok has ordered Parlux to pay Jay-Z $6.78 million in unpaid royalties for his Gold Jay Z perfume, the rapper’s lawyer, Alex Spiro, confirmed to WWD.
Shawn “Jay-Z” Carter partnered with Parlux in 2013 for the launch of his Gold Jay Z cologne, which was slated to debut at Barneys New York and Macy’s Inc. and later roll out to worldwide markets, WWD beforehand reported.
In 2016, Parlux filed a $68 million lawsuit in opposition to the rapper’s firm, S. Carter Enterprises, alleging he failed to fulfill his contractual obligations for the perfume, together with promotional appearances, finally costing the corporate $18 million.
The go well with went to court docket final 12 months and was rejected by a New York jury, which deemed no damages can be awarded to both facet (on the three-week trial, Spiro launched a counterclaim in opposition to Parlux, stating the corporate really owed Jay-Z $4.5 million in unpaid royalties for the cologne).
This previous February, nevertheless, the Appellate Division, First Department issued a ruling that the 52-year-old rapper was in truth owed a then-undetermined quantity of unpaid royalties by Parlux.
Borrok has now deemed that quantity to be $6.78 million.
The New York Post reported on Friday that Parlux had filed an enchantment of Borrok’s ruling. A spokesperson for Parlux couldn’t be reached for touch upon Monday.
For context, in Parlux’s 2016 go well with in opposition to Jay-Z, the corporate acknowledged it anticipated Gold Jay Z to generate $15 million in gross sales throughout its first 12 months on-counter, and $35 million at wholesale in subsequent years.
The go well with went on, stating the perfume made $14 million in its first 12 months and solely $6.1 million in its second, alleging its efficiency was damage by Jay-Z rebuffing a number of promotional alternatives.
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