Jay-Z group takes over clothes brand

A company jointly run by Jay-Z has taken over Artful Dodger clothing for $15m.

The purchase was made by Scion, which the rapper runs with Iconix Brand Group Inc.

Jay-Z praised the brand and its founding designer Scott Langton.

He commented in a statement: "Artful Dodger is an incredible brand with a lot of room for growth and Scott Langton is a visionary designer.

"They represent what's next and new in fashion and we are glad to have both the brand and Scott as a part of our family."

It is part of a deal in which Jay-Z sold his brand Rocawear to Iconix for $204m. In return, he retained a role with Rocawear and they formed Scion together.