Jay-Z Keeping Barneys Deal, To Donate Profits To Charity

Jay-Z is moving ahead with his partnership with luxury department store Barneys despite some backlash from his fans.

Last month the hip-hop mogul was drawn into the controversy surrounding Barneys New York alleged racial profiling African-American shoppers because of his deal with the store to sell his apparels for the holiday.

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Jay-Z, who inked the deal with Barneys prior to the controversy, says he is moving forward pending the outcome of the investigation.

“I am in a unique position to use my voice to affect change to this disturbing issue,” Jay-Z said in a statement posted on his life+Time website.

Barneys will also be donating 100% of the profits from their collaboration with Jay-Z to The Shawn Carter Foundation owned by the New York rapper.

Read The statement from Jay-Z:

In the past several weeks two separate investigations 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 the New 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 Attorney General’s Office, I have agreed to move forward with the launch of BNY SCC collection under the condition 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 moving forward. 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 on November 20th. – Shawn “JAY Z” Carter.

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