A formal announcement has not been made, but Dame Dash took it to social media to announce that he and Kanye West have purchased KarmaLoop, the urban retailer.

KarmaLoop has had some major woes financially, despite being a popular brand. It seems that Dame Dash and Kanye West have formulated a way to save the company from self-destruction.

In the video of the announcement however, Kanye remains awkwardly silent.