Picture Source: SoHaute/Typepad
According to W Magazine, Rachel Roy has sold 50% of her eponymous label to Nine West owners, Jones Apparel Group. Last November Roy also sold a minority stake to TSM Capital. There were no specific details of the deal published but Roy will be kept on as a designer and "plans to use the additional funds to expand globally" possibly launching a fragrance line, home goods and a less expensive clothing line. The chic and beautiful designer is a favorite of Andre Leon Talley and often appears on the pages of Vogue but her grace and style were not enough to propel the line into a money maker. Hopefully the brand won't lose too much of its identity with the new cooks in the kitchen.
Below is a brief piece on Rachel that appeared in Lucky magazine before her marriage to Damon Dash. She's come a long way baby!