Drake's OVO Apparel Company Faces Lawsuit Over $4 Million Loan Dispute
By
Rachel Scharf
Summary
Drake's apparel company, October's Very Own (OVO), is embroiled in a legal dispute with an investor who provided a $4 million loan. The investor has recalled the loan and is now seeking double the original amount, claiming breach of terms. The Toronto-based lifestyle brand, co-founded by Drake, Oliver El-Khatib, and Noah "40" Shebib, made the deal last year and is now facing litigation over the repayment terms.
Source
Twitter / XDrake's OVO Apparel Company Faces Lawsuit Over $4 Million Loan Disputebillboard.comKey quotes
· 2 pulledDrake's apparel company, October's Very Own (OVO), is locked in a legal feud with an investor who recalled a $4 million loan and now says the rapper's business owes double that amount.
OVO, the Toronto-based lifestyle brand founded by Drake, his manager Oliver El-Khatib and producer Noah "40" Shebib, made a deal last year with a...
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