Deals & AcquisitionsSource: blackenterprise.com

    Drake sells majority stake in OVO to Authentic Brands Group

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    Drake’s lifestyle brand OVO completed a major ownership shift, with Authentic Brands Group taking a 51% stake in the company’s intellectual property while Drake retains a large minority interest. The deal is a notable monetization and brand-scale move for a high-profile Black founder in fashion and

    • drake
    • ovo
    • fashion
    • acquisition
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