Entertainment News Today Headlines: Meek Mill New Co-Owner Of $800 Million A Year Business, Lids
Robert Rihmeek Williams popularly known as Meek Mill, is the new co-owner of the popular apparel company Lids, after making an investment in the company. This makes the “Ima Boss” rap star head of the biggest retail seller of hats in all of North America. In addition to ownership, Meek will also help oversee brand strategy and he will be dropping a limited-edition hat line in August of 2019 with more products to follow.
“I’ve always been a fan of Lids – growing up, I remember buying their hats to match my outfits and look my best,” Mill said. “It’s amazing to see my relationship with the brand come full-circle and have the opportunity to evolve as a businessman. We have a great team in place and we’re looking forward to taking Lids to new heights.”
In addition to their hat business, Lids has officially licensed professional and college sports team apparel available online and at 1,239 retail stores across the country.
“It’s truly a pleasure to welcome Meek to the Lids ownership team,” said Lawrence Berger, co-founder and partner at Ames Watson, which aquired Lids in February for $100 million.
“From afar, I’ve respected Meek’s zeal for music and criminal justice reform, and I know that enthusiasm will translate to our work with Lids,” Berger continued. “His business acumen, passion for fashion and creative outlook will be vital to making us a more versatile brand.”
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