Rachel Roy & Damon Dash Sign $4 Billion Deal

Who can do the math on how many days of popping tags equates to that many zeros? According to Forbes, the Jones Apparel Group scooped up a venture to market & license the Rachel Roy fashion brand.

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.