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Streetwear online retailer Karmaloop filed for Chapter 11 bankruptcy on March 23, and that was not a surprise. Karmaloop has also been able to combat its financial woes by receiving an investment of $3 million from Comvest Partners and CapX Partners to support the company’s restructuring. What comes as news from left field are rumors that…

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Earlier this month it was announced that producer-singer Pharrell Williams would be taking on the role of creative director of the online streetwear retailer, Karmaloop’s, new television network, Karmaloop TV. On May 19, CNBC caught up with the N*E*R*D frontman to discuss his plans for the youth-driven network. In the interview, Skateboard P discusses the…

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Following a string of career successes with his latest album My Beautiful Dark Twisted Fantasy, Grammy-winning rapper Kanye West is now hitting a personal low with the sudden demise of his charity, The Kanye West Foundation, which closed up shop just four years after its creation. According to boombox.com, news that the foundation had shut…

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