Sneakersnstuff Acquired by Reziprok Ventures, Co-Founder Erik Manzano Fagerlind to Return as CEO

One month after filing for bankruptcy, Sneakersnstuff (SNS) has been acquired by venture capital firm Reziprok Ventures. In a statement released by the Swedish sneaker retailer on Friday, this new partnership with Reziprok Ventures “marks a fresh commitment to energize the local community through existing SNS stores located in London, Paris, Berlin and Stockholm.” The statement also confirmed “a targeted re-opening in New York paired with a more curated digital offering.” What’s more, Marcus Willand of Reziprok Ventures, who is listed on his personal LinkedIn as a managing partner, confirmed the return of SNS co-founder Erik Manzano Fagerlind as chief executive officer. Manzano Fagerlind stepped down as CEO in January 2021 and assumed a creative director role, and in June 2022 he departed the company entirely. “We are excited to join forces with Erik and the SNS team to build a sustainable future together, honoring their heritage while driving the next era of innovation in sneaker culture,” Willand said in the statement. Manzano Fagerlind added, “SNS will continue to be a hub not only for sneaker lovers, but for all sub-cultures sneakers are a part of, promoting inclusivity, creativity and innovative ideas. We’re thrilled to bring back community-driven events and further enhance our connection

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