Friday, November 15, 2013

Jay Z Penny says he's moving forward with Barney's

NEW YORK (AP) — Jay Z announced Friday he'll move forward with a planned collaboration with Barneys New York despite recent allegations of racial profiling at the luxury store, an ongoing investigation into the claims and public pressure that he back out of the deal.

In a statement on his website, Jay Z said he'd agreed to move forward with next week's launch of his BNY SCC collection under the condition that he helps lead the store's review of its policies.
"The easy position would have been to walk away and leave policymaking to others hoping that someone addresses the problem," said Jay Z. "I will take this into my own hands with full power to recommend, review and revise policies and guidelines moving forward. I am choosing to take this head on."
He said 100 percent of sales from the collection of clothes, accessories and jewelry will go toward his charitable foundation, which supports educational opportunities for disadvantaged students, and an additional 10 percent of all Barneys' sales during Wednesday's launch day will also be donated. READ FULL STORY

What ya'll think? B.S. or No? Are all the proceeds going to his charity? Afterall, he's not a business man he's a "Businessman"..out the horse's mouth. We hope S. Carter does the right thing. 

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