It is no news that Sean Combs, widely known in the entertainment industry, is currently enmeshed in a legal imbroglio. Combs faces serious allegations of sexual trafficking, which led federal officers in a coordinated raid on several of his properties[1]. The allegations have had far-reaching impacts on his business relations, many of which have been terminated abruptly. Online news outlet, The Root, begun a compilation of Combs’ severed business ties[2].
- Capital Prep Charter School
- Revolt TV
- Macy’s
- House of Takura
- Rebecca Allen
- Diageo
Given these circumstances, it would be reasonable to attribute these business decisions to the recent allegations. However, it must be observed that issues were already frothing before the federal raid on his homes. Long before the sexual trafficking charges, Combs’ business relations with Macy’s was already on an apparent decline — a plausible indication being the dwindling visibility of the Sean Jean brand.
Another notable break in business relations was with Diageo over controversies surrounding their marketing strategy, which Combs felt was lacklustre due to racial bias. Besides that, the competition from other celebrity-backed booze in the market reduced the appeal for his products.
In his song, “Mo’ Money Mo Problems”, Combs prophesied that Bad Boy Records would remain successful ten years from then. The lyrics might have held true for 2007, but times have indeed changed[3]. As evidence stacks against Combs, one can anticipate the emergence of a new rap mogul. There are high expectations for Drake; however, he too could be facing potential legal issues[4] and PR hits in the foreseeable future[5].
For Combs, it appears to be a rough time dealing with the current predicament[6].