Karmaloop is now owned by Shiekh Shoes

For Years the Online shoe store Karmaloop has been one of the top retailers for hip hop style fashion. However in recent years the company has found its self in deep financial issues. West coast clothing company Sheikh Shoes has taken this as an opportunity to acquire Karmaloop earlier this week.  President of Shiekh Shoes Matt Fine told Hip Hop DX:

"A big source of inspiration is Hip Hop. It's probably the most importance influence in the kids we service, both male and female. When you look to the Karmaloop scenario, it's a big part of the kids' life as well so we knew that consumer well."