Kimora Lee shares how she spent years investing, bought back Baby Phat, and caught a Y2K wave

Kimora Lee bought back Baby Phat in 2019. Jamie McCarthy/WireImage via Getty Images Kimora Lee bought back Baby Phat to try to revive the streetwear brand. Lee discussed her journey to reclaim ownership of Baby Phat on Emma Grede's podcast. Her effort to regain control of the brand comes as Y2K fashion trends sweep young people. Kimora Lee built Baby Phat, let it go, then took it back. After pocketing around $20 million from the brand's sale in the 2000s and investing in other companies, in...