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Thursday, August 28, 2008

Even More Financial Turmoil


Last week he owed a gang of $ on unpaid mortgages and now his Pro-Keds checks have ended:

Stride Rite Corp. has reacquired the rights to the Pro-Keds brand from financially struggling hip-hop mogul Damon Dash. The change for the iconic, 60-year-old shoe comes a week after Dash, who once boasted that he never wears the same socks twice, reportedly may lose two of his properties to foreclosure. Lexington-based Stride Rite insisted Dash’s financial woes had nothing to do with the rebranding. “It was just a matter of timing,” Stride Rite spokeswoman Debra Fernandes said yesterday. “We just wanted a new direction.”

Damn, we bet Dame is hoping that 4 billion dollar deal he brokered for his wife’s clothing company goes through or they might just be shit out of luck. Poor thang.

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