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Karmaloop “Starstruck” over Celebrity Interest

Submitted by Anonymous (not verified) on

Online streetwear retailer Karmaloop Inc., which was sold to one of its creditors on Thursday, drew interest from a number of celebrities — including Kanye West, the Wall Street Journal reported on Saturday. “We were doing our best to avoid being starstruck,” said Michael O’Hara, Karmaloop’s investment banker. Entertainment moguls, well-known athletes and at least 50 other prospective purchasers held meetings with Karmaloop’s professionals during a months-long effort to find a buyer for the bankrupt company. Davies said Karmaloop’s core demographic, those between the ages of 18 and 35, was particularly attractive to many of the sports stars and other celebrities.