Rachel Roy/Damon Dash in Deal w/Jones Apparel Group
Jones Apparel Group, which has deals with all sorts of people, now has a joint venture with Rachel Roy, Damon Dash and TSM Capital LLC to:
"develop, market and license the New York-based fashion brand, Rachel Roy. Under the terms of the agreement, Jones owns 50% of the joint venture interest. The remaining interest is owned by the two founders, Rachel Roy and Damon Dash, as well as TSM Capital which acquired a minority stake in the business last November. Jones said it will assume operations of the existing designer collection business under license with the new joint venture."
Via Nah Right who says rumors are circulating that the joint venture is valued at $4 billion.
Official Site:
Rachel Roy
God Bless them !!! They are a great couple!!! I am very happy for them and wish lots of success !!!
Posted by: Nana Durglishvili | June 20, 2008 at 12:05 AM