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Exclusive: Brandblack Founder Says It Parted Ways With Skechers

Brandblack and Skechers have ended their partnership, according to Brandblack founder David Raysse.
In an email to FN, Raysse said that after two months of negotiations, Brandblack cut ties with Skechers, its majority venture capitalist investor and stakeholder. Raysse said the sale was finished in late June.
Raysse said he now owns the brand with his two partners, Billy Dill (who joined the brand eight months after it was established) and Geoff Nishimoto (a member of the team since 2015).
“In April, Skechers — who was the majority shareholder due to their large investment in Brandblack — decided they no longer wanted to support the brand. … As of today, I finally transferred all domain names, emails etc.,” Raysse wrote in an email to FN yesterday.
Skechers did not respond to a request for comment by press time.
In the email, Raysse said Brandblack’s fall ’18 collection would be delivered soon, albeit later than most labels, and stated it will offer “product coming that will surprise everyone.”
FN featured Raysse in February as part of the Black History Month Spotlight series, a showcase of African-American movers and shakers in the shoe industry.
“My family was heavily connected to fashion — my father was one of the founders of Kenzo,

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Via:: https://footwearnews.com/2018/business/mergers-acquisitions/brandblack-skechers-end-partnership-1202586865/