After just over four years, hip-hop mogul Damon Dash and wife Rachel Roy have filed for divorce.
The Roc-A-Fella Records co-founder’s split was confirmed today (March 24).
Rocawear co-founder Damon Dash has been slapped with divorce papers by wife Rachel Roy, the Daily News has learned. The stunning fashion designer piled onto Dash’s already sizable stack of lawsuits when she filed for divorce from her husband of four years this month in Manhattan Supreme Court. Ed Hayes, a lawyer for Roy, declined comment, and a Dash spokeswoman did not return calls or e-mails. An electronic record of the case says the divorce is for “nonmonetary relief” and should be resolved by February. (New York Daily News)
The couple previously inked a blockbuster business deal with the Jones Apparel Group for Roy’s clothing line over the summer.
“The company is a $4 billion dollar company, I guess we have the potential to make that kind of money. I just never been with a company that big,” Dash said in a previous interview. “Being that it’s so outside the scope of what you think an urban individual would do, I’m real proud of that. I didn’t just do a deal with a company that’s exploiting my culture, I did something that took some respect and some very risky hustling–doing something that doesn’t usually happen.” (SOHH)
However, a lawsuit filed in August stated Dash and Roy were on the verge of losing two of their Manhattan homes due to unpaid mortgage debts totaling $7.3 million.
The suit claims both have failed to pay due amounts on their luxury Tribeca condos from January to August, which has resulted in the early steps of foreclosure proceedings. Eastern Savings Bank claims the couple agreed to make monthly payments of $78,500 on the properties. (Associated Press)
Aside from legal cases, Dash has been working alongside Jim Jones on various projects.
This week saw the arrival of Jim Jones “Hip-Hop Monolgues” at 37 Arts. In an MTV interview, Jones and Damon Dash express their desire to take the show to Broadway. Jones and Dash have a packed schedule in the coming months. They’re currently deciding the proper venue to release the documentary “This Is Jim Jones” and then there’s a movie based on Byrd Gang, but Dash says their aspiration is to eventually get “Hip-Hop Monologues” on Broadway. (MTV)