AssetID: 55796316
Headline: Drake in legal battle over $3.7 million loan to his fashion brand OVO
Caption: Drake's apparel company, October's Very Own (OVO), is locked in a legal feud. he battle is with an investor who recalled a $3.7 million (£2.8 million) loan, and now claims the rapper's business owes double that amount. OVO, the lifestyle brand founded by Drake, his manager Oliver El-Khatib and producer Noah '40' Shebib, made a deal last year with Florida-based lending company Applied Real Intelligence (ARI). Things went sour earlier this year when ARI claimed OVO had defaulted on the loan due to late interest payments and demanded reimbursement.
Keywords: CPS1702553,Drake,Legal,Battle,Over,Loan,Fashion,Brand,OVO,October's Very Own,Investor,Oliver El-Khatib,Amount,Florida,Based,Lending,Company,Rapper,Interest,Payments,Clothing,Music,ARI,Toronto,Court
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