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Dame Dash and Kanye West Buying Karmaloop!!!

According to reports, streetwear distributor Karmaloop was headed towards imminent bankruptcy, but thankfully hip hop moguls Dame Dash and Kanye West Buying Karmaloop.

After inspiring one of the best memes in recent memory, Dame Dash has confirmed that he and Kanye West will be buying the site, CelebNMusic247.com has learned.

Dame Dash announced their partnership in an Instagram video today. Meanwhile, Kanye remains silent, and frankly, uncomfortable throughout the clips, Dame Dash makes good on his promise to buy the brand.

He also hints at “a couple of other cool things” that he’ll be doing with Ye, but stressed that none of it would be musical.

Damon Dash writes:

“Board meeting had to go over some @damondashstudios biz showed him @loisaidas and @toohonorable_ddstudios got the thumbs up and yeah the Karmaloop thing is real…this is exactly how I saw things 10 years ago and he’s doing some shit that even I couldn’t do but it’s not my place to speak on it…but let’s just say iam proud as fuck…that’s the way it’s supposed to be…the younger dudes are supposed to be better then us…that’s what we fight for #honaorablepeoplesticktogether stay tuned of course @raquelmhorn there taking historic cool pictures”

He adds:

“Generations of real fighters sticking together for the whole world to see…this was always the plan but shit is real and where not doing any bubble gum shit and I hope the whole world sees this and wants to do the same thing…stay tuned #honaorablepeoplesticktogether #hustleforyourlastnamenotyourfirst @loisaidas @damondashstudios @murdamookez @kushedgod @heavenupinharlem_127 @smokeysuarez @queenofharlem @mr_camron @iamjuju_ @raquelmhorn @orgieswiththechef he wit us we fight the same fight…he actually does some Harlem nigga shit #harlemstickstogether @iamjiton too”

Dame to Instagram posting these memes:

Generations of real fighters sticking together for the whole world to see…this was always the plan but shit is real and where not doing any bubble gum shit and I hope the whole world sees this and wants to do the same thing…stay tuned #honaorablepeoplesticktogether #hustleforyourlastnamenotyourfirst @loisaidas @damondashstudios @murdamookez @kushedgod @heavenupinharlem_127 @smokeysuarez @queenofharlem @mr_camron @iamjuju_ @raquelmhorn @orgieswiththechef he wit us we fight the same fight…he actually does some Harlem nigga shit #harlemstickstogether @iamjiton too

A video posted by @duskopoppington on Mar 26, 2015 at 2:51pm PDT

He continued:

Part 2 @loisaidas @damondashstudios #honaorablepeoplesticktogether @toohonorable_ddstudios @hollywoodreporter @vfhollywood @vanityfair @variety @bbcnews @nymag @britishvogue @hamishbowles @dlipper @voguemagazine @nytimesfashion @newyorkermag A video posted by @duskopoppington on Mar 26, 2015 at 2:59pm PDT

Dame concludes saying “It’s gonna be fun making history like this part, and we gonna look cool doing it stay tune…”

It’s gonna be fun making history like this part @damondashstudios @loisaidas @toohonorable_ddstudios and we gonna look cool doing it stay tune @wwd @bat_gio @bbcnews @giseleofficial @laurabrown99 @bergdorfs @officialrodarte @rashidajones @hollywoodreporter @shoshannagruss @aokidevon @ryanseacrest @realronhoward @hollywoodreporter @asvpxrocky @mistercap @mr_camron @iamnaomicampbell @desireegruber

A video posted by @duskopoppington on Mar 26, 2015 at 8:30pm PDT

Two days ago Dame went off on Complex for reporting the wrong information. Dash posted this meme along with the photo below:

“Hey Xxl… I think you better smack your source in the mouth… He’s giving you the wrong info and your reporting it to all these good people…. And Marc Ecko dont get scared… But you disrespected the wrong dude… I’m on your heels #culturevulture …. Anybody @complex need a job let me know.”