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The simple answer is that he sold his apparel brand, along with the more valuable Mulberry Thai Silks neckwear company, to PVH for $10 million in April, 2008. Here's the story: http://www.mrketplace.com/1923/pvh-buys-mulberry-thai-silks/. He held the neckwear licenses for Kenneth Cole New York, Sean John, BCBG Max Azria and Liz Claiborne.

The dis to Ralph Lauren you're referring to may be an ad in DNR during the July 2007 New York market in which Jacobson hinted that Ralph Lauren didn't design his own clothes (and implying that he, Jacobson, did). The ad, as I remember, caused a minor stink at the time -- most people thought it was in bad taste. But the ad probably didn't do any lasting damage to Jacobson's brand, which suffered as all brands did from a shrinking market.

Rumor has it Henry Jacobson did very well in real estate, even before selling his neckwear company. As far as we know, he's still in Richmond, California, managing his real estate holdings.