Kanye West is seeking $100 million in financial backing for his Yeezy clothing line.
The New York Post's Page Six reports that the entrepreneur has reached out to LVMH chairman and CEO Bernard Arnault, Richemont and Chris Burch, who helped launch Tory Burch’s fashion line and later started C. Wonder.
“Kanye is spending a lot of money. He thinks on a big scale and is currently paying for everything himself. He needs a backer to help him achieve the kind of fashion-world domination he is aiming for," a source told Page Six.
West had hired Relativity Media, an entertainment mini-conglomerate, to help find a backer, but the company filed for Chapter 11 protection in 2015.
As for people who doubt West will reach his lofty goals, a source told Page Six he is determined to prove them wrong.
“He has defied a lot of doubters with what he has done. He has been a huge success in fashion, particularly what he does with Adidas. He has big plans and he’s met with a lot of people in different fashion houses and those with venture capital money in Silicon Valley.”
SEASON 3 / WAVES / MADISON SQUARE GARDEN / INTERNATIONAL CINEMAShttps://t.co/6u1aPYUwQ8 pic.twitter.com/SkEeTGgoMu
— KANYE WEST (@kanyewest) February 1, 2016
YEEZY Season 3. 2/11 4PM ET. @TheGarden. Livestream for ALL on TIDAL. https://t.co/flkoN5t26q
— KANYE WEST (@kanyewest) February 10, 2016
On Thursday, February 11, West will debut his Yeezy Season 3 collection and new album titled "The Life of Pablo" at Madison Square Garden.
The event will be streamed live on TIDAL and in select cinemas around the world.
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