Damon Dash and Kanye West May Buy Karmaloop

Following reports that once-revered streetwear retailer Karmaloop may soon file for bankruptcy,

By
Fashion
40,266 Hypes 0 Comments

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.

Read Full Article

What to Read Next

Lido & Canblaster - Rush Hour
Music 

Lido & Canblaster - Rush Hour

Lido is teaming up with French DJ-producer Canblaster for a joint EP, called Superseed. Set to

Jerry Seinfeld ft. Wale “The Matrimony” Episode 1
Fashion

Jerry Seinfeld ft. Wale “The Matrimony” Episode 1

Wale has released a new video in promotion of his forthcoming The Album About Nothing, due next

Saucony Grid 9000 "Mint" & "Blue"
Footwear

Saucony Grid 9000 "Mint" & "Blue"

Two new colorways of the Saucony Grid 9000s will be arriving at KITH just in time for Easter. Here,


Fabolous x Teyana Taylor x Packer Shoes x Ewing 33 Hi "Aloysius" Fame & War Collection
Footwear

Fabolous x Teyana Taylor x Packer Shoes x Ewing 33 Hi "Aloysius" Fame & War Collection

Fabolous and Teyana Taylor join Packer Shoes to create a limited edition Ewing 33 Hi “Aloysius.”

J. Cole – "G.O.M.D." Music Video
Music

J. Cole – "G.O.M.D." Music Video

J.Cole has released a new video to coincide with “G.O.M.D.” his third single from 2014’s 2014

Nike's Giant SNKRS Air Max Box Is Going to Los Angeles
Footwear

Nike's Giant SNKRS Air Max Box Is Going to Los Angeles

For NBA All-Star Weekend, Nike unveiled a giant retail space shaped like the Air Max shoe box,

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.