Sean "P. Diddy" Combs is in the process
of buying a financial stake in the designs of Zac Posen, who is labeled as one
of New York’s hottest fashion designers.
A partnership between the 24-year-old and Combs
is expected to push his Sean John clothing label into the mainstream.
"Urban" apparel is the fastest growing
sector of the $52 billion dollar men’s wear industry.
According to the Associated Press, the Zac Posen
deal would be Combs’ first outside investment, but would bring Combs into the
world of women’s high fashion.
Combs is planning on launching a Sean John women’s
line next year.
"I’m intrigued by the industry, and the
people have embraced me and my style and my heart for trying to do something
different," Combs said. "What I don’t know, I can learn. If I want
to be one of the best, I have to go all out. I’m not afraid."
Combs will also open a Sean John boutique this
summer on Fifth Avenue and will launch a Sean John fragrance in the near future.