OVO news and archive

Authentic acquires Drake’s OVO, VNCE to lead global expansion

Authentic Brands Group has snapped up a majority stake in October’s Very Own (OVO, the lifestyle brand founded by rapper Drake. The deal will also see involvement from Vince Holding Corp. (VNCE), which will serve as the core apparel and retail licensee in the deal. As part of the transaction, Authentic will own 51 percent of the business under a...

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Drake’s OVO label faces lawsuit, Authentic reportedly eyeing stake acquisition

October’s Very Own (OVO), the lifestyle and apparel label co-founded by rapper Drake, is facing a lawsuit over allegations of partial debt repayments and contractual breaches. The claims have been made by A.R.I. OVO Growth Capital, which said despite previous attempts to resolve legal issues, it now sought to enforce its rights and protect...

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Drake’s October’s Very Own secures investment from A.R.I.

Canadian lifestyle brand October’s Very Own (OVO), founded by Aubrey ‘Drake’ Graham, Oliver El-Khatib, and Noah ‘40’ Shebib, has received a capital injection from US-based investment firm Applied Real Intelligence (A.R.I.) to support the brand’s global expansion plans. In a statement, A.R.I., which specialises in growth financing for...