High fashion is hitting the streets as Macy’s department store announces that famed New York designer Rachel Roy will create a contemporary lifestyle brand called Rachel Roy to be sold exclusively  at Macy’s, according to Women’s Wear Daily. “This line is the younger sister to the Rachel Roy collection. It has the same designer sensibility but with a younger feeling,” says Roy. The collection will be available in stores this August and will retail between $59 and $299. Roy recently filed for divorce from husband Damon Dash, Jay-Z’s former partner and cofounder of Roc-A-Fella Records and Rocawear.—QS