08/29/07 - Kimora Got Russell Simmons Fired From Phat Farm?

Mr Xclusive · 08-29-2007, 09:05 AM

The divorce battle between Kimora and Russell Simmons is just starting to heat up. And so far it looks like Kimora may have just won the first round.
In what many in the industry are calling the coup of the century, Kimora Simmons has just taken Russell Phat Farm organization right from under his nose.

You see, earlier this week it was announced that the former model was being promoted to become the new creative director for the entire Phat Fashions enterprise - a role previously held by her soon-to-be ex-husband Russell. And Russell, well, he was asked to leave the company. Had Russell not been fired, he would have been Kimora's direct boss.

MediaTakeOut.com spoke with a top level executive over at Phat Farm who gave us the inside scoop on what's going on there. According to the exec, Kimora gave the company an ultimatum, either Russell goes - or she does. Tells the company insider, "Kimora is extremely valuable to this organization. So when she asked to have Russell fired, we went along with her." The insider continued, "It was sad for everyone to know that Russell, the man who founded the company, was getting pushed out. But it was in the best interest of the company. And we're sure he'll do fine in his next endeavor"

Russell Simmons' Phat Farm initially launched the Baby Phat line in 2000. Since then, Baby Phat, which was created and managed by Kimora, has expanded to become the premiere female hip-hop brand.

During the same period, sales of Phat Farm clothing and accessories have fallen off significantly. According to estimates, this year's sales of Baby Phat clothing will more than quadruple that of Phat Farm.

Developing...

SOURCE: http://allhiphopspot.blogspot.com/

CBCBCB · 08-29-2007, 09:29 AM

mediafakeout at it again......................

YounG SnappeR · 08-29-2007, 10:33 AM

how cud they push him out of his own shit?

Free Vick · 08-29-2007, 01:08 PM

thats what I was thinking.... how can he get fired from the clothing label he started?

jondoejondoe195 · 08-29-2007, 01:21 PM

Quote:

Originally Posted by Lyrical Miracle

how cud they push him out of his own shit?

He probably gave up power so that they could expand faster and become bigger. Happens more often than you think, I just hope he had a prenup! I could not even imagine losing 1/2 of what russell has!

BucK_MarleY_07 · 08-29-2007, 02:21 PM

NIgga deserves that shit if he did actually get fired....

THA WEATHA MAN · 08-29-2007, 03:02 PM

Kimora wouldnt have any of this shit if it wasnt 4 Russell

08-29-2007, 09:05 AM	#1
Mr Xclusive Xclusive Newz All Day Join Date: Aug 2006 Posts: 1,119 Thanks: 3 Thanked 1,165 Times in 119 Posts	08/29/07 - Kimora Got Russell Simmons Fired From Phat Farm? 08/29/07 - Kimora Got Russell Simmons Fired From Phat Farm? The divorce battle between Kimora and Russell Simmons is just starting to heat up. And so far it looks like Kimora may have just won the first round. In what many in the industry are calling the coup of the century, Kimora Simmons has just taken Russell Phat Farm organization right from under his nose. You see, earlier this week it was announced that the former model was being promoted to become the new creative director for the entire Phat Fashions enterprise - a role previously held by her soon-to-be ex-husband Russell. And Russell, well, he was asked to leave the company. Had Russell not been fired, he would have been Kimora's direct boss. MediaTakeOut.com spoke with a top level executive over at Phat Farm who gave us the inside scoop on what's going on there. According to the exec, Kimora gave the company an ultimatum, either Russell goes - or she does. Tells the company insider, "Kimora is extremely valuable to this organization. So when she asked to have Russell fired, we went along with her." The insider continued, "It was sad for everyone to know that Russell, the man who founded the company, was getting pushed out. But it was in the best interest of the company. And we're sure he'll do fine in his next endeavor" Russell Simmons' Phat Farm initially launched the Baby Phat line in 2000. Since then, Baby Phat, which was created and managed by Kimora, has expanded to become the premiere female hip-hop brand. During the same period, sales of Phat Farm clothing and accessories have fallen off significantly. According to estimates, this year's sales of Baby Phat clothing will more than quadruple that of Phat Farm. Developing... SOURCE: http://allhiphopspot.blogspot.com/

08-29-2007, 09:29 AM	#2
CBCBCB ♥ IM A FEMALE ♥ Join Date: Oct 2006 Location: IN THE BED WITH 50,IT'S ABOUT TO GO DOWN ;)~ Posts: 6,545 Thanks: 402 Thanked 367 Times in 20 Posts	mediafakeout at it again...................... __________________ CHR!SSY:TH3 OR!G!N@L.....EGO SO BIG I MUST ADMIT,I GOT EVERY REASON TO FEEL LIKE IM THAT BITCHHHHH ;)

08-29-2007, 02:21 PM	#6
BucK_MarleY_07 This Gotta Stop...RIP BRO Join Date: Jun 2005 Location: TopCity Posts: 2,059 Thanks: 204 Thanked 270 Times in 88 Posts	NIgga deserves that shit if he did actually get fired.... __________________ "They The Devil In Disguise Talkin...SURPRISE,Welcome to the NEW WORLD ORDER"-40 Glocc

08-29-2007, 03:02 PM	#7
THA WEATHA MAN Cud Make It Rain Or Snow Join Date: Feb 2007 Location: Cali Posts: 6,206 Thanks: 1,589 Thanked 8,309 Times in 523 Posts	Kimora wouldnt have any of this shit if it wasnt 4 Russell __________________ "I was taught wise, Im known to extort guys, this aint Cali, its Harlem nigga we do walkbys" -Big L

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08-29-2007, 10:33 AM	#3
YounG SnappeR ◆Ⅴ◆ ®ㅌSㅇㄴU┳ⅰㅁㄲ ◆⑤◆ Join Date: Jan 2007 Location: .▲/England.▲™\ Posts: 3,727 Thanks: 1,402 Thanked 406 Times in 113 Posts	how cud they push him out of his own shit?

08-29-2007, 01:08 PM	#4
Free Vick Free Mike Vick Join Date: Aug 2006 Location: Fuck Petrino the Arkansas Cheerleader Posts: 366 Thanks: 54 Thanked 315 Times in 153 Posts	thats what I was thinking.... how can he get fired from the clothing label he started?