Posted on May 8th, 2007 - By Bossip Staff
Posted by Bossip Staff
Since being dumped by Joe Camel, Damon Dash has been struggling to get his mogul on. Via New York Post:
An analysis of Dash’s various holdings, which range from fashion to entertainment, turns up more misses than hits. Dash’s CEO clothing line has yet to take off, reality TV show “Ultimate Hustler” aired for one season and bombed in the ratings, and his foray into Hollywood with the movies “State Property” and “The Woodsman” has not produced box office hits, though DVD sales have fared better. Meanwhile, Dash has pulled the plug on his State Property sportswear line and fledgling record label Damon Dash Music Group, according to spokeswoman Amanda Silverman. “Music is not where the money is,” she said.
While a line of designer clothing by wife Rachel Roy has garnered critical acclaim, and a higher profile after Roy appeared on “Oprah,” it has yet to turn a profit. Dash’s biggest win so far has been Pro-Keds, a sneaker brand he licensed from Stride Rite in 2004 and which, according to industry estimates, has more than doubled sales in the past year to exceed $22 million.
SMH, Damon Dash just looks like a loser everytime I see him without Joe Camel, Mr. President. It’s like a son looking for his father for ‘missed’ direction. Jay-Z, come help your boy get his mind and paper right. He will appreciate you now. It is rumored Dash will take over Joe Camel’s spot at DefJam once he leaves later this year. There are also rumors that DefJam layed off 40 employees today and Joe Camel is running the label into the ground.