Drake news and archive

A.R.I. says OVO sale left more than five million Canadian dollars debt unpaid

October’s Very Own (OVO), the lifestyle and apparel label co-founded by Drake, is facing further legal complications following its recent deal with Authentic Brands Group and Vince Holding Corp., with lender A.R.I. OVO Growth Capital claiming it was not informed of the transaction and remains owed more than five million Canadian dollars. In a...

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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 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...