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Russell and Kimora Lee Simmons have announced that they are calling it quits after seven years of marriage.
In a statement released to the Associated Press today (March 31), the Simmons' confirmed reports that surfaced stating the couple had split up.
"Kimora and I will remain committed parents and caring friends with great love and admiration for each other," Russell Simmons said in a statement. "We
will also continue to work side by side on a daily basis as partners in all of our businesses."
Both Simmons' run several successful businesses, including The Simmons Jewelry Company and the Phat Farm/Baby Phat clothing brands.
Russell Simmons, founder of Def Jam, started the Phat Farm clothing line in 1992 and Kimora helped launched the women's line, Baby Phat.
Simmons sold Phat Fashions to clothing company Kellwood in 2004 for $140 million dollars in cash. Kimora Lee, will continue as principle creative arbiter at Baby Phat.
Despite recent public appearances, Simmons said he and Kimora had been separated for some time.
The couple also has two young daughters, Ming Lee and Aoki.
Source: allhiphop.com
In a statement released to the Associated Press today (March 31), the Simmons' confirmed reports that surfaced stating the couple had split up.
"Kimora and I will remain committed parents and caring friends with great love and admiration for each other," Russell Simmons said in a statement. "We
will also continue to work side by side on a daily basis as partners in all of our businesses."
Both Simmons' run several successful businesses, including The Simmons Jewelry Company and the Phat Farm/Baby Phat clothing brands.
Russell Simmons, founder of Def Jam, started the Phat Farm clothing line in 1992 and Kimora helped launched the women's line, Baby Phat.
Simmons sold Phat Fashions to clothing company Kellwood in 2004 for $140 million dollars in cash. Kimora Lee, will continue as principle creative arbiter at Baby Phat.
Despite recent public appearances, Simmons said he and Kimora had been separated for some time.
The couple also has two young daughters, Ming Lee and Aoki.
Source: allhiphop.com
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