Jay Z wins over $7 million as lawsuit against Parlux Fragrances

Parlux Fragrances has paid $7,259,061.31 to Jay-Z after losing a lawsuit, claiming he failed to live up to his contractual obligations to promote the cologne, Gold Jay Z.

The lawsuit was originally filed in 2016, and a jury ruled in Jay Z’s favor more than a year ago. Parlux filed an appeal which they lost at the end of May, 2023. The payout reflects the court’s ruling that Parlux pay the music mogul $6.8 million plus interest for unpaid royalties, TMZ reported.

During the legal battle, Parlux argued Jay Z “ghosted” the perfume brand and abandoned his contractual obligations, according to Yahoo. Jay Z countersued the company, saying he satisfied his contractual obligations and the corporation was withholding funds that were due to him.

A five-judge panel agreed with a previous 2021 jury verdict that Jay Z was not negligent in his promotion of Parlux. “There were multiple rational bases for upholding the jury verdict, and plaintiffs have not set forth a sufficient basis to overturn it,” according to Yahoo.

Jay-Z, whose real name is Shawn Carter, originally entered into an agreement in 2012. The music icon agreed to promote a new perfume that was released under the name Gold by Jay Z. The fragrance was released for sale a year after the agreement was made, but the fragrance sales failed to impress.

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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