Diddy used to be the owner of his iconic Sean John clothing line.

Sean John started in 1998 and dominated in the early 2000s.

Diddy recently expressed desire to become owner of the brand again.

This comes after Sean Jean recently filed for bankruptcy.

Diddy initially put in a $3.3 million bid.

After a close bidding war, Diddy won, with $7.5 million.

Diddy will now build a team of “visionary designers” and “global partners.”

Diddy also changed his middle name to “Love” this year.

Diddy was also involved in dating rumors with Yung Miami.