NEWS: RACHEL ROY GETS A CASH INFUSION
Designer Rachel Roy has got some new backers, reports Vogue.com. TSM Capital, which also owns a 22% or Matthew Williamson’s company recently acquired a minority stake in Roy’s business. The CFDA-level designer – who is married to hip-hop mogul Damon Dash and is expecting the couple's second child early next year - told WWD that she hopes a cash injection will enable her to grow her brand through global wholesale, new lines and the launch of freestanding stores in the US. "It's expanding the brand and building it into something I wouldn't be able to do on my own because funds wouldn't have come as quickly," she says of the partnership. 
