I mean, this sucks for Lakai at the first place. But if Herman and co. play their cards right, this company can be pretty huge. By the looks of it, they aim not just for skateshops, but for some fashion boutique money as well, so maybe John struck gold with this one.
Anyway, good luck to Hours, Herman, John and everyone, good to see another skater owned shoe company, that doesnt look like complete shit.