: MediaTakeOut.com just learned that clothing retailer Jones Apparel just purchased a 50% stake in Damon Dash's wife Rachel Roy's clothing line. According to a press release sent out by Dame the deal is worth $4 billion.

BWAHAHAHHAHHAHHAHAHAHHAHAHAHAHA

OK ... Now that we got that out of the way. Congrats to Rachel Roy and Dame for still cutting business deals. Albeit - not $4 billion ones ....

Tags: , , , , ,

Share to Facebook Share to Twitter Share to Email

Comments

iconradio

Dame is back


huhduh10

yeah congrats


Taye10

yeah yeah NEXT


UNDER_SCORE

andddddddddddddddddd d


hardbody

thas whas up... much props... cant even hate on dat


anotha_ssn

WELL HE BETTER MAKE SURE HE PAY BACK HOV FIRST, AND ALL HIS OTHER DEBT. THAT SHOULD BRING IT BACK DOWN TO ABOUT 10 MILLION. HE'S SO FULL OF IT!!!


katirsir

Couple???! I saw him dating on a FREE & HOT celebrity&millionaire dating site called M eeT Ri C H. C O m. Seems he is hooking up with a hottie. The girl is from California. Very soft and sexy.


luckicharm

***


chrissy

YEAH RIGHT, I'VE NEVER HEARD OF SUCH FOOLISHNESS NOBODY GET 4 BILLION DOLLARS FOR AN UNKNOWN LINE..


Jthatdude

Not buying it


prettyboygene

Wow, who knew that at the end SHE would be making more money than HIM.


damnIgot_it

TOP 15...LMAO

Dame Dash needs to get over the fact he aint popping money off like he used too...

Should have saved/invested the "ROC" money


real-deal

I thought they were getting a divorce??


TskTsk264

$4 Billon my ***. He is exaggerating his *** off. Versace and Vivienne Westwood can't even get $4 Billion deals. Money is not that long in fashion. You can make smart deals and reinvest in other things, but on the fashion side that's ludicrous. Dame is always tryna put himself out there.


Kimmyboo

so you only knew that you wanted to marry and boast her after aaliyah died stupess


logicalheart

that was probably a typo, he probably meant 4 million. rocawear didnt even sell for that much. and his ceo line never took off.


CaramelSugarpie27

I never cared for Dame. He seems arrogant, self-centered, and mean. Whatever.


whatyousaid

A little ACT/SAT flash back...

Hogwash is to pigs

as

Dame is to wax idiotics

Please nicca!..Give J his money back!


FREE124

He probaly ment 4 Million, if that.


whatyousaid

...and I thought they were getting a divorce?


trujayzfan

yeh okay mr dash!!! 4billion my a$$!!! still ridn on someone elses coat tail!!! he's a bumb!!! he's abt 40+ and still run'*** around looking like a kid...get some class...


mello99

THATS HIS WIFE NOT HIM. DAME IS A LAME. SHE NEED 2 LEAVE HIS *** HE IS WACK.GOD DONT LIKE UGLY.HE HAS A NASTY ATTITUDE. JAY AND BEY A BETTER COUPLE.


4daluvofprina

Congrats if true or not, because people still talking about you. No one can judge you so keep it moving.


mello99

OH YEAH BIG UP 2 THE CELTICS PIERCE, ALLEN, GARNETT U ALL DESERVED IT. ITS BEEN ALONG TIME COMIN YALL MADE IT..


Sassy_Like_DD

His wife is very talented...luv rachel roy...wish her much success


Vincent_Chase

I wish her the best of luck but Dame Dash claims its 4 BILLION!?!

F!ck outta here!!!!!

We'll see if she makes the Forbes list..


TROOPER

WELL HE BETTA PAY HOV BACK THE $5 MILLION HE THREW HIM IN HIS TIME OF NEED FOR TAXES WHEN NO ONE ELSE WILL HELP. $4 BILLION MY *** THAT WOULD HAVE BEEN ALL OVER THE NEWS AND NOT JUST NO *** MTO SITE.


Fine-N-Mellow

I heard of this deal, I think Dame is a little off though on the $$$$


Treasure8430

UMMMMMMMM REALLY? I HAVEN'T HEARD OF ANY OF THIS MTO.....BUT IF ITS TRU CONGRATS 2 THEM.....GR8T NOW HIS SON WON'T HAVE 2 TAKE THE "MTA: GOING YOUR WAY" TO SCHOOL ANYMORE & HE CAN ALSO SEND HIS SPOILED TOO *** OLD 4 BASKETBALL CAMP A$$ 2 CAMP AS WELL.



LoveJones

She's pretty.


Science205

I hope he get his CAKE UP


strawcream

She can't dress! So......I hope she use that money and buy her a *** stylist herself!

Aaliyah is still number 1 regardless who he married.........Rest In Peace Aaliyah and your crew...


CHACONA2000

that's crazy!!


The_Shoparazzi

maybe he meant rachel ray.

or maybe he meant she got a $4 bunion deal. bunions can be a ***!


AKeysWannabee

***.. Can I borrow 70.00 or some gas?


Lis

MTO, WHY DO YOU ALL HATE ON RACHEL SO MUCH? I THINK SHE'S ABSOLUTELY FABULOUS!


SEXY-CHRISSY40

ohhhhhhhhhhh!!!!!!


MDL219

Actually MTO your wrong the whole deal is worth about that. The same peole that make Anne Klein bought her line. Stop hating on Dame of if it were not for him yall would never gave heard of Jay-Z, he would still have been Jazz's side kick or in original Flavas. Dame is a very smart brother, he has a lot of respect in the industry from the higher ups. He has no problem getting a meeting with anyone. He was the boss when the ROC was getting that paper. Fred dont hate him cause he does his thing.


MDL219

First of all Versace profits way over 4 billion a quarter and they would not sell there brand to a manufactuer. Black people need to read a business book or two before you post. Also, that number is not set in stone it is over time, if the line does not sell for the contract length then she will not see that money. Just because you dont see him in the lime light dont mean he aint making power moves. Get a grip people.


CeeYa

He meant MILLION or HUNDRED THOUSAND Im sure.

Hopes slip out sometimes.


Yve

NEW YORK, June 12 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc. (NYSE: JNY) ("Jones" or the "Company") today announced that it has formed 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 will assume operations of the existing designer collection business under license with the new joint venture.

The line is currently available in premier luxury department and select specialty stores in the United States, including Bergdorf Goodman, Neiman Marcus, Nordstrom and Saks, and internationally in the United Kingdom, Hong Kong, the United Arab Emirates, Kuwait, South Korea, Canada, Turkey and Indonesia

Jones owns 50 percent of the interest in the venture, formed with Rachel Roy, Damon Dash and TSM Capital LLC.

Financial terms were not disclosed.


Yve

[link to external website removed]

A look at her spring collection....if you can take it.....


takeitorleaveit

Good, maybe he can pay down his debt and those taxes. Hell, with that money he could really do it big and get an accountant.


VicSage

As usual Dame is talking out the side of his neck nicca you ain't learn after J dumbed out on you to stop talking that ***?" Real Talk.Brooklyn Lives-You can take a seat we got this.



Millenia

Dame still in the game maybe not for 4 billion but he's still making deals.


cNinja

HOW MANY WAYS CAN YOU SPELL ***-SH^T???????? dAMMM DAME!!!!!!


DivaTV_BayArea

Dame is LYIN ..if they got 4 billion they'd be on the cover of Forbes, illin!!

>>> watch Diva TV in the Bay Area & online!


Treasure8430

@SCIENCE205

OFF THE TOPIC..........UR VERY ATTRACTIVE......HAD 2 PUT THAT OUT THERE.


Tmarie

I hate her clothes!


sweetiepye86

i never even seen her clothes


spc_08

LOL but Damon and the guy off of RIZE the krumping Clown looks just A Like !!! Could be Brothers... I hope its true at least he getting paid but then again they may have a pre nup!


payupsucka

damon stay of da crack u heard..1


BUTTABABY

What the hell did Aaliyah see in him? What the hell does any woman see in him other than money? Is it the ***/arrogance? Aaliyah's parents didn't even like him. Right after Aaliyah passed away, he was in a jacuzzi with some video girls in a video. What kinda sh!t is that?


DiorBabe24

$4 Billion please...


special

Dame is back thanks to his wife - now he can start putting out more of those gangsta movies I love like PAID IN FULL. His wife is VERY pretty, I see he doesn't play around when it comes to rep'***.


Selector

Really


Xclusive_kidd

I DON'T CARE WHO SHE IS- SHE AIN'T GOT *** ON AALIYAH.. AALIYAH IS MORE WOMAN THAN SHE WOULD EVER BE.. DAME- I KNOW YOU HAD TO MOVE ON.. BUT YOU FORGOT ABOUT MY GIRL AND GOT MARRIED THAT QUICK.. AALIYAH DANA HAUGHTON RIP 1979-2001.. I MISS YOU!! ADD YA BOI- myspace.com/arrogant_boi AALIYAH'S NUMBER ONE FAN


keely-jai

yea right.


girlygirl

Hell somebody's got to feed dem kids



Divaproud

4 Billion?? the world dont have 4 BILLION right now .. give me a break ..


killdanoise1

THAT'S HIGHLY UNLIKELY. STAY TUNED....


PrettyBoyMelCmd

He owe like 5 bill so he aint doin nufin


HardCore

By lying, this simple *** done got himself in the news again, huh?


calaco101

you go dame dont stop grindin boo!


caramel20

she pretty but her clothes i seen online look average but they high *** hell the quality and price dont go hand in hand


CedezSherrie

I don't like Dame..he got over AAliyah a little quick