Sunday, April 5, 2015

Karmaloop Releases Statement Regarding Sale To Dame Dash & Kanye West

by Henry Mansell

The Boston, Massachusetts-based retailer says Kanye West and Dame Dash are among several parties interested in purchasing the site.
After Dame Dash posted a series of videos to Instagram last week announcing that Kanye West and himself were planning on purchasing Karmaloop, the online retailer has now issued a statement saying that nothing is official just yet.

In a statement published to Four Pins, the retailer and its Founder/CEO Greg Selkoe says that Kanye West and Dame Dash are among various parties interested in purchasing the organisation.
“As we confirmed earlier this week, Kanye and Dame are among several people we've spoken with about Karmaloop,” the statement reads. “We're having a lot of conversations and seeing intense interest in our brand.”

Early last week, the 15-year-old streetwear e-commerce site filed for bankruptcy protection.

hiphopdx.com

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