Interviews
News Flash
Jones Apparel to expand Rachel Roy Brand
12 Jun '08
3 min read
Marvin Traub, one of TSM's founders, said, "We are pleased with the success of the Rachel Roy brand since investing in the company in November 2007. We believe Rachel is an exciting fashion designer and Jones will be the ideal partner to take the brand to the next level, both domestically and internationally.
I am very pleased that we have been able to enter into a joint venture agreement with Jones only six months after completing our initial investment in Rachel Roy. I very much look forward to working with Jones to further develop the Rachel Roy brand."
Founder and artistic director, Rachel Roy, said, "TSM is an excellent partner, and I am excited to be part of a leading American company like Jones, which shares my commitment to quality and innovation. I am excited for the future and to uncover the label's full potential."
Partner, Damon Dash, said, "Both Rachel and her clothing appeal to many audiences around the world, making her a widely renowned design talent. Through this partnership, we will be able to explore new opportunities for Rachel Roy, the brand."
The Company noted that Rachel Roy and her team will work with Susan Metzger, Chief Executive Officer of the Women's Wholesale Sportswear division. Ms. Metzger will be responsible for the operations of the business.
Susan Metzger added, "I am thrilled that Rachel and her team are joining Jones, and I look forward to working directly with them."
The joint venture partners plan to further develop the successful Rachel Roy brand through continued global expansion of the wholesale business, introduction of new product categories, and stand-alone retail stores in key U.S. and international locations. Rachel Roy will continue to lead the design, manufacturing and production of the brand. Additional terms of the transaction were not disclosed.
I am very pleased that we have been able to enter into a joint venture agreement with Jones only six months after completing our initial investment in Rachel Roy. I very much look forward to working with Jones to further develop the Rachel Roy brand."
Founder and artistic director, Rachel Roy, said, "TSM is an excellent partner, and I am excited to be part of a leading American company like Jones, which shares my commitment to quality and innovation. I am excited for the future and to uncover the label's full potential."
Partner, Damon Dash, said, "Both Rachel and her clothing appeal to many audiences around the world, making her a widely renowned design talent. Through this partnership, we will be able to explore new opportunities for Rachel Roy, the brand."
The Company noted that Rachel Roy and her team will work with Susan Metzger, Chief Executive Officer of the Women's Wholesale Sportswear division. Ms. Metzger will be responsible for the operations of the business.
Susan Metzger added, "I am thrilled that Rachel and her team are joining Jones, and I look forward to working directly with them."
The joint venture partners plan to further develop the successful Rachel Roy brand through continued global expansion of the wholesale business, introduction of new product categories, and stand-alone retail stores in key U.S. and international locations. Rachel Roy will continue to lead the design, manufacturing and production of the brand. Additional terms of the transaction were not disclosed.
Jones Apparel Group Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
