REPORTS OF PROBLEMS FOR 'CAVI' ALEX BIZE

Alex Bize

In a recent interview with Vanity Fair recently, rap-star Jay-Z indicated that the likely success of his new talent agency will in part rest on his financial skills, ”I know about budgets. I was a drug dealer.”

Jay-Z’s first non music major commercial venture was Rocawear, A $700m a year turnover fashion line ran with co-founder "with co-founder Damon Dash, Alex Bize and his Russian partner Norton Cher...." . In 2007 against the background of a minor scandal regarding the use of fur Jay-Z sold the rights to Iconix Brand Group with Bize and Cher being made licensees "for the core business"

One of Jay-Z’s business partners, Russian emigree Alex Bize opened his own fashion line CAVI, and seemed to draw on his former business partner’s business acumen.

In 2011 Corporate pilot Ricky Rico was owned several thousand dollars by Alex Bize and CAVI with checks appearing after the pilot resorted to ABC channel 7 news.

In 2012, a Manhattan court awarded damages of $630,000 to DeBellis, a former merchandiser and designer at his popular CAVI Women’s Collection who was not paid by Alex Bize – Despite the Rocawear partner having homes in Fisher Island in Miami, the Hamptons – across the street from the troubled hotel development the Panoramic View, “plus significant undisclosed assets” according to lawyers involved in the case. 

An example of these undisclosed assets could be his personal collection of classic cars, cared for by a former employee of Ralph Lauren and located in an unassuming looking warehouse a couple of hundred yards from the prestigious Ross School in East Hampton, according to reliable sources. 

CAVI today is part of Dr.Jay’s website and raises a number of questions as to the money flow from his proceeds of Rocawear to CAVI where a number of suppliers have outstanding payment issues to the pass-through to Dr. Jay’s of the CAVI business.