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The Sean John clothing line is going upscale, The New York Times reported Friday This fall, Combs plans to add pinstripe suits and other elegant outfits to his athletics-inspired collections "I look forward to spearheading this project and to working with Sean, a visionary whose extraordinary intuition makes people want to see, wear and listen to all that he creates Estee Lauder to Sell P "Sean Combs is the Great Gatsby of our time," Demsey said in a prepared statement said Friday it will sell a line of fragrances under the Sean John label of hip-hop music mogul Sean "P 67, on the New York Stock Exchange New York-based Estee Lauder said the development of the new fragrance line will be overseen by John Demsey, president of the contemporary M-A-C line Diddy" Combs " In morning trading, shares of Estee Lauder climbed 72 cents, or 1 It has annual retail sales in the United States of more than $350 million, Estee Lauder said Terms were not disclosed Sean John, a privately held company, debuted with a men's sportswear collection in 1999 Diddy Fragrance May 21, 10:30 AM EST Estee Lauder Cos 6 percent, to $44 The disposal is seen as vital to help Vivendi pay off its multibillion-dollar debt and could turn into one of the largest entertainment auctions in years Former oil tycoon Marvin Davis has made a $20 billion bid for all the entertainment assets 31, Vivendi Universal's net debt was 12 " " Vivendi's board met Thursday to discuss the possible sale of the company's vast entertainment empire " But he said any deals would be made public only once they are concluded As of Dec 6 billion) in 2002, the largest in French corporate history Some of the assets under the spotlight are Vivendi's U S S 1 billion euros a year earlier, the company said Most analysts say the company's directors have three basic options: a block sale, an initial public offering or a partial asset disposal 3 billion euros ($13 television and film businesses, which include the world's biggest music company, Universal Music Group, the Universal film studio and theme parks, as well as the USA and Sci-Fi cable networks Chairman Jean-Rene Fourtou said Thursday that "2002 has been an extremely difficult year for Vivendi Universal," but that "2003 will be a year of transition and of financial and economic progress 's NBC and Metro-Goldwyn-Mayer 3 billion euros ($25 Fourtou said the company had been "approached by several potential partners entertainment company, and General Electric Co 5 billion), compared to 37 Vivendi Loses $26B; Most Ever in France Mar 6, 12:12 PM EST French media giant Vivendi Universal posted a net loss of 23 Fourtou said the company is "determinedly carrying through our 7 billion euro asset disposal plan for this year The company has already been selling off assets to trim its debt , the U Leading contenders for the television and film units include Viacom Inc |
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