This week on The Broke and the Beautiful, Kanye West wants to buy Karmaloop, Parma hits another bump in the road, and U.K. boxer Ricky Burns was declared bankrupt.
- In this Dec. 1 file photo, Kanye West performs during the World AIDS Day (RED) concert in Times Square in New York.
- Charles Sykes/Associated Press
It might take a little longer than four five seconds
, but Kanye West is interested in buying Karmaloop out of bankruptcy. According to Billboard
, the hip-hop artist, who is collaborating with entrepreneur Damon Dash, spoke with company founder Greg Selkoe
about acquiring the online online streetwear retailer. In a series of Instagram video posts
, Mr. West and Mr. Dash spoke of their intentions, saying they wanted to “take over the world” and “create a whole new industry.”