Fashion designer Rachel Roy files for divorce from Damon Dash

Rachel Roy and Damon Dash at a screening of “Revolver” at the Tribeca Grand Hotel in New York City in December 2007. Images thanks to WENN .

Fashion designer Rachel Roy has filed for divorce from Damon Dash. The two were married in 2005, and soon after Dash backed his new wife’s fashion line. I know that from reading Vogue – Rachel Roy has been profiled in that magazine several times, and she’s a good designer. Her stuff looks like a cross between Kimora Simmons’ Baby Phat and Alice Temperley. Girly and feminine, with an edge.

Anyway, it turns out that Damon Dash is dealing with a lot of financial problems. The Roc-A-Fella co-founder is facing foreclosure on two New York city properties, and he owes millions in taxes. Roy’s divorce filing is for “nonmonetary relief”. Seems like she’s just cutting her losses and hoping that she gets to keep her fashion line. PR Inside has more:

Music mogul Damon Dash has been dealt another legal blow – his wife has handed him divorce papers, according to reports.

Rachel Roy filed a divorce suit in New York’s Manhattan Supreme Court earlier this month (Mar09), signalling the end of her marriage to the Roc-A-Fella Records co-founder, who she married in Mexico in January 2005.

And it seems Roy, who launched her own women’s fashion line with her husband’s backing, is aware of the hip-hop executive’s financial woes as the divorce is for “nonmonetary relief”, according to an electronic record of the case obtained by the New York Daily News.

The publication reports that Dash is facing foreclosure on his two Tribeca, New York properties and owes $2 million (£1.4 million) in state taxes.

A judge also ordered Manhattan officials to seize his car last year (08) after he failed to make his monthly payments.

And Dash’s troubles don’t end there – he is also being sued by various law firms and landlords over allegedly unpaid bills.

[From PR-Inside]

The couple have no children, so hopefully the divorce will be quick and quiet. I wonder about Dash’s finances, though. Roc-A-Fella was supposed to have made Dash a millionaire more than a hundred times over.

Do you think he just made really bad investments? Or did he get caught up in the same financial tsunami that has struck down so many rich people? Even though I think it’s a little cheap for Rachel Roy to leave Damon when he’s got so many other problems to deal with, I can understand how she would just want to cut her losses and move on.

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