Damon Dash says he now owns the majority of his ex-wife’s clothing brand, and he recently shared the news on Instagram.

Dame and his ex Rachel Roy started the Rachel Roy Collection in 2004 when they were still married, which was after Roy was the creative director at Dash and Jay-Z‘s company Rocawear.

Damon Dash bought the controlling stakes of the Rachel Roy Collection.
Damon Dash and Rachel Roy. (Photos: Instagram)

On Monday Dash announced that he bought the controlling shares of the brand from its parent company Topson Downs and plans to relaunch the luxury side of it with Ava and Tallulah Dash, his daughters with Roy. Over the years, the label has become more mainstream and less high-end fashion.

“Im very proud to announce that like a real boss …I’ve bought back the majority Interest in @rachel_Royfrom @topsondowns,” wrote Dash. “They didn’t want me announce yet because they wanted Rachel to sign something saying she wouldn’t sue them but that has nothing to do with me.”

“So I’m celebrating cause why would Rachel not want me to buy back the company I invested 6 million of my own money into (like a real boss) only so @ava_dash and @tallulah_dash would have a company to run…so I bought it back,” he added.

But Dash’s message also came with criticism for those who claimed he wasn’t doing well financially. He also told several publications to give this particular business move the same attention as the other times he’s made headlines.

“Rachel please don’t mess this deal up and if you do please publicly explain yourself,” he wrote. “Who ever doesn’t write about this is an obvious hater y’all said I was broke the last 10 years but when a black man really buys a company y’all don’t wanna say sh–…”

Roy hasn’t responded to Dash’s message, and the last time she made headlines was in January after announcing that she co-wrote a romantic novel with Ava Dash titled “96 Words for Love.”

Dash’s message comes after he’s been criticized for how he’s dealt with past business partners, because last year the New York native aggressively approached Lee Daniels over a $2 million debt and filmed it.

And last month many came down on Dash for insinuating that Jay-Z had a relationship with an underage Foxy Brown in the past, which there’s no proof of. But the 47-year-old later apologized to Jay earlier this month, as he did to Daniels.

You can see Dash’s full message about buying the majority stakes of the Rachel Roy Collection below.

View this post on Instagram

Im very proud to announce that like a real boss …I’ve bought back the majority Interest in @rachel_Roy from @topsondowns they didn’t want me announce yet because they wanted Rachel to sign something saying she wouldn’t sue them but that has nothing to do with me…so I’m celebrating cause why would Rachel not want me to buy back the company I invested 6 million of my own money into (like a real boss) only so @ava_dash and @tallulah_dash would have a company to run…so I bought it back and I’m gonna re launch luxury with @ava_dash and @tallulah_dash as the face…we are a real fashion family for years now and we are 100 percent Indy 100 million dollar a year company family owned by a black man… let’s see if the press talks about this @wwd @nytimes @tmz_tv @vibemagazine @theshaderoom @voguemagazine @pagesix @macys @daniel_dnieko told y’all I was gonna buy that back like a boss…I buy companies likes Artist drop albums #bigfacts #bosstalk nice doing biz with you joe and Danny…Rachel please don’t mess this deal up and if you do please publicly explain yourself…who ever doesn’t write about this is an obvious hater y’all said I was broke the last 10 years but when a black man really buys a company y’all don’t wanna say shit… doesn’t matter I’m gonna shit on all of y’all if you try to hate…this is what a real real boss looks like…while y’all talk shit I’m really out here buying companies and you dumasses keep trying to tell me how to act…and say I’m crazy …a boss does and says whatever the fuck he wants cause he could…I doubt y’all ever saw one before…if you don’t like it get the fuck of my page…for everyone else thank you for the support and please celebrate with me…but pay attention to everything especially the bubble gum shit…I been working on this deal for years @vanlathan and @cthagod I need y’all to tell everybody you know @funkflex @hot97 is hurt and won’t talk about that @angiemartinez if you don’t talk about it that’s hating #hustleforyourlastnamenotyourfirst

A post shared by Dame Dash (@duskopoppington) on Feb 25, 2019 at 6:25am PST

 

 

Damon Dash Announces He’s Bought Control of the Rachel Roy Brand, Says That Proves He’s Not Broke

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