Tuesday, September 2, 2008

Ka-ching!



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!

2 comments:

Anonymous said...

Damon Dash's excuses for "entrepreneurship" through demeaning hip-hop music are absolutely vile. I don't know what any rational woman would see in this money-at-all-costs guy. I'm sure his wife's deals had to pass his dollar amount test for approval.

Ebony Intuition said...

"I don't know what any rational woman would see in this money-at-all-costs guy."

That's very true.