Jay Zhas decided it would be more beneficial for him to not severe ties with Luxury giant Barney’s. As you know Jay-Z has had to deal with controversy surrounding Barneys New York racial profiling allegations made by shoppers.
While the investigation continues, he has announced that he will move forward with the launch. In a statement posted on his Life + Times website, Jay said he will take a seat on a council that will focus specifically on the issue of racial profiling.
Barneys will also donate 100% of sales from the BNY SCC collection to The Shawn Carter Foundation. The company will also contribute an additional 10% of all retail sales on the Nov. 20 launch day.
Jay released this statement:
In the past several weeks two separateinvestigations were launched as a result of the wrongful detention of Trayon Christian and Kayla Phillips. My team has been privy to the status of the Barneys third party consultant investigation. In continuing our research, we also contacted theNew York State Attorney General’s office for the status of their investigation into both Barneys and Macy’s. Those findings are not yet available.
While I await the findings of the AttorneyGeneral’s Office, I have agreed to move forward with the launch of BNY SCC collection under thecondition that I have a leadership role and seat on a council specifically convened to deal with the issue of racial profiling. I am in a unique position to use my voice to affect change to this disturbing issue. The easy position would have been to walk away and leave policy making to others hoping that someone addresses the problem. I will not leave the outcome to others. I will take this into my own hands with full power to recommend, review and revise policies and guidelines movingforward. I am choosing to take this head on.
As I previously stated, the collaboration with Barneys has always been about giving and The Shawn Carter Foundation. From this collection, the Foundation will receive not only 25% of sales, it will now receive the additional 75% of Barneys’ sales, totalling 100% of all sales from BNY SCC. Along with 100% of sales from the collaboration, the Foundation will receive an additional 10% of all retail sales from Barneys New York stores nationwide and Barneys.com on November 20th.
Shawn “JAY Z” Carter