Wednesday, March 25, 2015

Damon Dash and Kanye West to buy Karmaloop??

Reports floated that popular urban fashion e-retailer, Karmaloop, filed for Chapter 11 Bankruptcy protection after several failed side ventures that ultimately ripened a great amount of debt for the company. Damon Dash revealed in an interview that he and Kanye West are in the running to buy Karmaloop. According to the founder/CEO Greg Selkoe, they aren’t the only interested – “We’ve heard from them and others too. There’s a lot of interest in Karmaloop and we consider that a good thing.”

All debt aside, this may turn out for the better of the company. Let the bidding begin…

s.o. to Hypebeast

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