A few days ago a rumor hit the internet that Kanye West and Dame Dash were buying Karmaloop after Dame mentioned it briefly in an interview. It’s recently been revealed that Karmaloop has filed for Chapter 11 bankruptcy protection and the owner of the popular clothing company stated that he had many high-profile investors interested in acquiring the brand.
Today Dame took to his Instagram account to announce that he and Kanye will indeed purchase the company and that they are working on other projects together in addition to their new store and Loisaidas movie.
It looks like Mr. Dash is gonna be someone’s boss after all. More details as they become available.