Kanye West and Damon Dash

Kanye West and Damon Dash have teamed up to corner the market in the fashion world. This is big news because Kanye is carving out a niche in fashion and Dash has experience with his own fashion line. Dash and aging rapper Jay Z co-founded the now-defunct Rocawear clothing line.

From WENN.com:

Rapper Kanye West is cementing his place in the fashion industry by purchasing a clothing label.

The hip-hop star has teamed up with his pal Damon Dash to buy online streetwear retailer Karmaloop.com, which recently fell into financial trouble and started bankruptcy proceedings this week.

Dash announced the news in a series of posts on his Instagram.com page, sharing a picture of himself posing with West and adding in a caption, “The Karmaloop thing is real… This is exactly how I saw things 10 years ago and he’s (West is) doing some s**t that even I couldn’t do but it’s not my place to speak on it… But let’s just say I am proud as f**k… That’s the way it’s supposed to be… Honourable people stick together… stay tuned of course… It’s gonna be fun making history.”

West has been making strides into the fashion industry in recent years, and launched his latest collection for sportswear giant Adidas at New York Fashion Week in February.

Dash posted this video on his Instagram page to flaunt his partnership with Kanye.

More from Sandrarose.com:

  • Now That Damon is Down and Out, Rachel Roy Wants a Divorce
  • Damon Dash and Rachel Roy lose homes to foreclosure
  • Damon Dash in line to succeed Jay Z
  • FAIL: Jay Z laid off over half of Rocawear staff the day before Blue Ivy was born