Career Moves: Damon Dash & Rachel Roy Sign A Joint Venture Deal To Develop Her Fashion Brand

Damon Dash and wife Rachel Roy have signed a joint venture deal with Jones Apparel Group Inc to develop, market and license the New York-based fashion brand. Jones Apparel Group Inc will own 50% the joint venture interest and the rest will be owned by Damon Dash and Rachel Roy and TSM Capital. Jones will undertake operations of the existing designer collection business under license with the new joint venture.

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