Hip-hop

Jay-Z is selling the rights to the brand Rocawear, the urban-style apparel line he cofounded, for $204 million in cash to the Iconix Brand Group, Iconix said Tuesday. Under the licensing deal, Jay-Z, will keep his stake in the Rocawear operating company, which manufactures Rocawear’s clothing for men. He will also be in charge of product development, marketing and licensing for Rocawear.