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Kanye West and Dame Dash May Buy Karmaloop

  • by Yoey
  • 5 Years ago
  • 1

Following reports that once-revered streetwear retailer Karmaloop may soon file for bankruptcy, we’re hearing news that there are some big name potential buyers. In an interview published on Monday, Damon Dash revealed that he and Kanye West are in the running to buy the struggling e-retailer. The Boston-based company has filed for Chapter 11 bankruptcy protection after several failed offshoots (including its women’s streetwear portal, MissKL) resulted in a mountain of debt for the company. According to Karmaloop Founder and CEO Greg Selkoe, Kanye and Dash aren’t the only potential suitors, “We’ve heard from them and others too. There’s a lot of interest in Karmaloop and we consider that a good thing.” At this point, Karmaloop may be forced into a Chapter 11 filing if it can’t make a deal with investors to restructure debt and add capital.

via.hypebeast

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“Live good Drink good Eat good” Graduate of Dillard University majoring in Public Relations/Brand Imaging. A New Orleans Native but born in Memphis,TN. Was raised as a Air Force brat having lived before in Germany and visited frequently to countries like England and France. While living in Europe a love for fashion and all things extravagant became a lifestyle easy to embrace. Returning to New Orleans fashion still played a major role in life for him. Now partnering with long time friend Nick to create the chic cultural blog site Myhellofalife.com Yoey is focused more than ever on making his dreams a reality, while doing what he enjoys the most; enjoying a hell of a life.

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