Rachel Roy is ready to step on the accelerator — with the help of recently formed TSM Capital.TSM Capital, founded by Marvin Traub, Aslaug Magnusdottir and Mortimer Singer, has acquired an undisclosed "significant" minority stake in Roy's label. The plan is to further grow the Rachel Roy brand at wholesale globally, expand with new categories and open freestanding retail units in key U.S. locations.
Roy made a name for herself not just as the wife of hip-hop and urban clothing impresario Damon Dash, but also with her feminine, romantic clothes designed for women like herself. She and her husband are actively involved in New York's social circuit, and Roy is often photographed wearing her own designs.
A California native, Roy joined Rocawear fresh out of college. She rose to become creative director of Rocawear women's and children's lines, and met her future husband there. While at Rocawear, she launched her own label in 2004 and quickly caught the attention of stores like Bergdorf Goodman and Big Drop with beaded tops and shrunken blazers and miniskirts.