Karmaloop Sold, But Not To Kanye Or Dame Dash


Despite plans to acquire the company by Dame Dash and Kanye West, Karmaloop has been sold off to someone else.

According to the Boston Globe, the sale was finalized on Thursday (May 21) to a group senior leaders for a starting bid of $13 million, which was approved by a federal bankruptcy judge

Furthermore, founder Greg Selkoe is set to be replaced as chief executive.

The new owners are Comvest Capital (of West Palm Beach, Fla.) and Chicago-based CapX Partners, the only group to submit an offer to buy Karmaloop in a bankruptcy auction process.

Robert Oโ€™Sullivan, a partner at Comvest Capital, tells the Boston Globe that Selkoe will remain involved in an advisory role.

Selkoe founded the company in 1999 in his parents’ basement in Boston.

  1. Why you hate the God sooooo much?
    smh Dame musta shoved hot blackened
    chalupa up in yo wetback Nina while she
    was at the Peurto Rican Day Parade frontin on some secret agent disguise shit?

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