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…
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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