Since the glory days of Karmaloop ended long ago, the infamous online streetwear store has officially been sold. Things began going all downhill even before the e-retailer filed for Chapter 11 back in March. Apparently, Damon Dash and Kanye West had plans to purchase the failing clothes company in an attempt to do some business together. However, when they both failed to make a bid, someone else came and swooped Karmaloop away from them. Find out who the new owners of Karmaloop are after the jump!