Parlux Fragrances has paid $7,259,061.31 to Jay-Z after losing a lawsuit, claiming he failed to live up to his contractual obligations to promote the cologne, Gold Jay Z.
The lawsuit was originally filed in 2016, and a jury ruled in Jay Z’s favor more than a year ago. Parlux filed an appeal which they lost at the end of May, 2023. The payout reflects the court’s ruling that Parlux pay the music mogul $6.8 million plus interest for unpaid royalties, TMZ reported.
During the legal battle, Parlux argued Jay Z “ghosted” the perfume brand and abandoned his contractual obligations, according to Yahoo. Jay Z countersued the company, saying he satisfied his contractual obligations and the corporation was withholding funds that were due to him.
A five-judge panel agreed with a previous 2021 jury verdict that Jay Z was not negligent in his promotion of Parlux. “There were multiple rational bases for upholding the jury verdict, and plaintiffs have not set forth a sufficient basis to overturn it,” according to Yahoo.
Jay-Z, whose real name is Shawn Carter, originally entered into an agreement in 2012. The music icon agreed to promote a new perfume that was released under the name Gold by JayZ.
The fragrance was released for sale a year after the agreement was made, but the fragrance sales failed to impress.
