Kanye West recently revealed to Women's Wear Daily that he is collaborating with designer label Louis Vuitton to create a men’s shoe line.

The Chicago rapper also revealed he is planning to launch a clothing line for women this fall which will be separate from the aforementioned Vuitton shoe deal.

AUGUST GRIND

Ras Kass and D- Block will be releasing their latest projects via Babygrande Records next month.  Ras will release the second installment of his  Institutionalized series titled Institutionalized Vol.II on August 5th while D-Block’s latest effort titled Prepare For Glory will hit shelves on August 19th.

BIG BUSINESS

< SPAN style="COLOR: red">Lil Wayne recently revealed to Allhiphop that he has launched his own brand of champagne with Milestone Brands and French grower Voirin-Jumeh.

Lil Wayne's champagne is called Halo Champagne and is featured in the video for his hit single “Lollipop”.

“I’m excited about this venture with Milestone Brands,” Lil Wayne said.  “Champagne is for celebrating.  There are so many different business opportunities...  I want to take advantage of it all.  I’m ready to put my foot in a new door.