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Tuesday, June 17, 2008

News: Dame Dash and Wife Rachel Roy Launch New Clothing Line


By Brandi Hopper

Damon Dash is
adding to his empire and helping expand his wife's as well, with the launch of a new $4 billion venture with the brand Rachel Roy.

Jay-Z's former partner and founder of Roc-A-Fella Records already has a vast portfolio consisting of apparel, entertainment, publishing, film, spirits, automotive and a non-profit organization.

Now Roy, who is married to Dame and the mother of his daughter, is following Dash's lead with the mega clothing venture just announced today between her, Dame, Jones Apparel Group and TSM Capital LLC. The venture is half owned by Jones, and the other half is split between Roy, Dash and TSM.

Originally founded in 2004, the Rachel Roy collection "embodies effortless glamour, and is sophisticated with a modern edge," a press release announcing the venture read.

"Both Rachel and her clothing appeal to many audiences around the world, making her a widely renowned design talent," Dame said. "Through this partnership, we will be able to explore new opportunities for Rachel Roy, the brand."

The line is currently available in luxury department stores and select specialty stores including Bergdorf Goodman, Neiman Marcus, Nordstrom and Saks, as well as internationally.

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