As the year came to an end recently, some surprising news came from Hikmet Sugoer, the founder of Solebox. Hikmet announced that he was leaving the company. It may come as a surprise, but after the purchase of Solebox by Snipes a couple of years ago, it makes sense. When you’ve built a successful business and decide to sell to another company or give up control for the sake of investment, often times it can result frustration and disagreements.
It’s clear that Hikmet was one of the most successful boutique owners over the last decade. Solebox had a number of popular collaborations over the years and as much as we’d like to see their success continue, it’s not likely.
If you recall, the former boutique Crooked Tongues went through a similar situation just a couple of years ago. CT was acquired by ASOS and within a couple years, CT had lost its momentum and was eventually shut down. It’s a good bet that Solebox is going through similar headaches as Gary Warnett did when he described the downfall of Crooked Tongues. Of course, big business will do what big business does.
While it remains to be seen whether these two popular boutiques will end with the same result, it got us thinking about the sneaker stores that have come and gone over the years.
Check out Fallen Heroes: 20 Sneaker Stores That Are No Longer In Business.