Karmaloop, the online streetwear retailer, announced the appointment of Seth Haber to CEO. Haber is the former co-owner and director of Agenda Trade Shows, a streetwear and action sports trade show.
Haber expressed confidence in his ability to grow the Boston-based retailer, having already created ties working in the streetwear industry. He said, “I have been in this business for a long time, and I have worked with most, if not all, of KL’s key business partners. I know that we can continue to build on what the company has already done in order to take it to the next level.”
This confidence is supported by Comvest, with Comvest Partner Robert O’Sullivan stating, “Because of our confidence in Seth, we are investing significant capital to support his vision and ensure the company is able to deliver the kind of customer experience that will lead to success.”
Haber’s appointment follows the acquisition of Karmaloop last week by Comvest and CapX Partners. The transaction follows the site’s decision to declare bankruptcy in March and includes all of the company’s businesses, including Karmaloop.com, PLNDR, Kazbah, and Karmaloop Europe. The sale is expected to close in early June.