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Diddy Sells Off His Stake In Revolt And Sean John Gets Dropped From Best Glasses Brand

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Manage episode 485669146 series 2987886
Content provided by Bobby Capucci. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bobby Capucci or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
In June 2024, Sean "Diddy" Combs sold his stake in Revolt, the media company he founded in 2013. Revolt announced that Combs' shares were fully redeemed and retired, and the company implemented a new ownership structure granting employees an equity stake, making them the largest shareholder group.
This transition occurred amid multiple sexual assault allegations against Combs, including a lawsuit filed by singer Cassie Ventura in November 2023, which was settled shortly after. Following these developments, Combs stepped down as Revolt's chairman in November 2023, Revolt CEO Detavio Samuels emphasized that the company's mission transcends any individual, underscoring the decision to move forward under employee ownership.
In May 2024, America's Best Contacts & Eyeglasses halted sales of Sean "Diddy" Combs' Sean John eyewear line amid mounting legal issues and public backlash against the artist. The company instructed stores to remove Sean John frames from displays and replace them with alternatives at similar price points. This decision followed the emergence of a 2016 video showing Combs assaulting his then-girlfriend, Cassie Ventura, which led to increased scrutiny and criticism.
(commercial at 7:15)
source:
Sean 'Diddy' Combs sells stake in Revolt amid alleged sexual assaults (nypost.com)
source:
Diddy's Sean John Frames Pulled From America's Best Contacts and Eyeglasses
  continue reading

1101 episodes

Artwork
iconShare
 
Manage episode 485669146 series 2987886
Content provided by Bobby Capucci. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bobby Capucci or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
In June 2024, Sean "Diddy" Combs sold his stake in Revolt, the media company he founded in 2013. Revolt announced that Combs' shares were fully redeemed and retired, and the company implemented a new ownership structure granting employees an equity stake, making them the largest shareholder group.
This transition occurred amid multiple sexual assault allegations against Combs, including a lawsuit filed by singer Cassie Ventura in November 2023, which was settled shortly after. Following these developments, Combs stepped down as Revolt's chairman in November 2023, Revolt CEO Detavio Samuels emphasized that the company's mission transcends any individual, underscoring the decision to move forward under employee ownership.
In May 2024, America's Best Contacts & Eyeglasses halted sales of Sean "Diddy" Combs' Sean John eyewear line amid mounting legal issues and public backlash against the artist. The company instructed stores to remove Sean John frames from displays and replace them with alternatives at similar price points. This decision followed the emergence of a 2016 video showing Combs assaulting his then-girlfriend, Cassie Ventura, which led to increased scrutiny and criticism.
(commercial at 7:15)
source:
Sean 'Diddy' Combs sells stake in Revolt amid alleged sexual assaults (nypost.com)
source:
Diddy's Sean John Frames Pulled From America's Best Contacts and Eyeglasses
  continue reading

1101 episodes

All episodes

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