A Timeline Of Drakeโ€™s Multi-Million Dollar OVO Venture
โ€” 11 March 2019

A Timeline Of Drakeโ€™s Multi-Million Dollar OVO Venture

โ€” 11 March 2019
Jay Bowden
WORDS BY
Jay Bowden

This line from Drakeโ€™s 2013 hit, Tuscan Leather, was a subtle proclamation of the Canadian rapperโ€™s longevity in the spotlight. He knew it when he was Jimmy on Degrassi, he knew it on Nothing Was The Same, and he sure knows it now โ€“ Aubrey Graham is here to stay.

But you donโ€™t need me to tell you that his entrenched influence stretches far beyond the confines of the music industry. From pop culture references to singing along to Taylor Swiftโ€™s Bad Blood in Apple ads, the man is everywhere. Alongside his rise as a generational sensation has been his fashion label, OVO. Split three ways between Drizzy, Oliver โ€˜Ollieโ€™ El-Khatib, and Noah โ€™40โ€™ Shebib, the label has evolved well beyond its inception as the uniform for Drakeโ€™s entourage. 

Business of Fashion dropped an article on their website late last year detailing an intimate history of Drakeโ€™s OVO label. For the uninitiated, OVO stands for โ€˜Octoberโ€™s Very Ownโ€™ โ€“ a nod to Drakeโ€™s month of birth and some handy initials that fit well into the brandโ€™s logo. The OVO owl is now synonymous with more than just Drakeโ€™s music; itโ€™s luxury streetwear, hoping to follow in the footsteps of brands such as Supreme and A Bathing Ape, companies that have used hip-hop as the medium to branded style success.

Hereโ€™s a brief yet intriguing timeline of OVOโ€™s success:

2008

  • Aubrey Graham and Oliver El-Khatib first meet at Lounge โ€“ a popular boutique in Toronto, where El-Khatib worked and Graham frequented. It was at this time that Drake was evolving from Jimmy to Drizzy, and was looking to create his own unique brand. Over a brief yarn the two became mates, and the rest, as they say, is history.
  • OVO is founded, using Myspace and various blogging websites as their port of call for the hottest music, fashion, and art trends going, curating a unique aesthetic and vibe.

2010

  • Drake releases his first studio album, Thank Me Now, which cements his position as one of the hottest up-and-comers in the rap game, as the album rockets to number one on the US Billboard 200.
  • Drake holds the first annual OVO Fest, which has since hosted acts like Kanye West, Kendrick Lamar, Eminem, Jay Z, and A$AP Rocky.

2011

  • Releases their first product as a label, an OVO-branded tour jacket sporting the immediately-recognisable OVO owl. The purpose of the jacket lay in its versatility as a travel piece and formal streetwear for the labelโ€™s various business meetings.
  • Drakeโ€™s best selling album to date (and what many would argue to be his magnum opus), Take Care, is released in November

2012

  • Drake, El-Khatib, and 40 found OVO sound, representing acts such as Majid Jordan and PartyNextDoor. The OVO team uniform is steadily becoming the all-black OVO tracksuit and hoodie.

2013

  • Receives partnership with Toronto Raptors โ€“ the NBA team that Drake is a global ambassador for. The result is these OVO-inspired jerseys, putting the fashion label on a world stage.
  • Launches annual basketball tournament, โ€˜OVO Bounceโ€™, further reiterating their fame as a basketball streetwear company.

2014

  • Continues to collaborate with brands such as Colette, Nordstrom, Browns, and Canada Goose, as well as footwear staples like Timbaland and Nikeโ€™s โ€˜Jordanโ€™ range.
  • First permanent retail outlet opened in Toronto.

2015

  • Aubrey Graham registers OVO as a business in 2015, eventually signing over the role of general partner to close friend and business associate, Oliver El-Khatib. 
  • The premiere of the bi-monthly radio program, OVO Sound Radio, which directly premiers Drakeโ€™s latest singles, as well as the fashion labelโ€™s best new releases.

2017

  • Opening day of Londonโ€™s OVO boutique draws a line of over 400 deep.

2018

  • OVO label exceeds $50 million USD in annual revenue.

2019

  • Octoberโ€™s Very Own Instagram boasts over 1.2 million followers, while the Champagne Papiโ€™s page hosts over 54.2 million.

https://www.instagram.com/p/BqSgxoXAS6e

  • Seven retail boutiques across three countries โ€“ Canada, the USA, and the UK.

To see what kind of purchases Drake is making with the money from OVO, see โ€˜Drakeโ€™s New Mercedes Maybach Is Every Ballerโ€™s Dream Whipโ€™

Shop B.H. Magazine

Jay Bowden
WORDS by

TAGS

Share the article