Dame Dash has confirmed in a two-part Instagram post that him and Kanye West are indeed buying Karmaloop. Rumors the two were purchasing the company circulated after Dame said it in an interview with Hip Hop Motivations Kenyatta on Monday (Mar.23), his first interview after his infamous appearance on the 105.1’s The Breakfast Club. When Karmaloop CEO, Greg Selkoe attempted to put an end to the rumors on Twitter, many deemed Dame’s claims as false.
Rumors! 1. we dont have $101mm in debt 2. Kanye didn buy KL yet 3. We still open for business 4. 100% w get refund on orders got held up
— greg (@Selkoe) March 23, 2015
However, Instagram videos posted yesterday on Dame’s account further confirmed the news. In the videos, Dame stands side by side with a mostly silent Kanye as he speaks on their new business venture.
On one of the posts, Dame says:
“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,” Dash wrote. “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”
Karmaloop was forced to file bankruptcy even after years of building a strong following and becoming one of the biggest shopping destinations for the streetwear community. The Instagram videos Dame posted can be seen below.
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