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Manolo Blahnik Splits With Longtime U.S. Partners

NEW YORK — George Malkemus, president of Manolo Blahnik USA, and Anthony Yurgaitis, the company’s vice president, have not renewed their long-running license with the British luxury shoe company.
A statement sent by the Manolo Blahnik U.S. business to WWD said: “After meeting with Kristina Hulsebus, Mr. Blahnik’s niece, who, along with her in-house counsel and financial adviser, offered unacceptable terms, George Malkemus and Anthony Yurgaitis, on behalf of MBUSA, have chosen not to renew their license agreement of 37 years.”
Speaking with WWD on Monday afternoon, Malkemus clarified that he and Yurgaitis’ license ends in December, and they informed staff of their license’s approaching conclusion Monday morning.
Malkemus says he met with Hulsebus on Feb. 25 and that their license agreement was “always renewable.” He added that “ideas have not always been in sync and [the relationship] sort of came to a conclusion,” but declined to go into details about he and Hulsebus’ differences.
“This was not hinged by a financial disagreement,” he clarified.
Representatives from the Manolo Blahnik headquarters in London declined comment.
According to Malkemus, who with Yurgaitis has steered the company’s U.S. business through prosperous times, including its prominent feature in the “Sex and the City” television series, the U.S. accounts for

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Via:: https://wwd.com/accessories-news/footwear/manolo-blahnik-splits-with-longtime-u-s-partners-1203100750/