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Morrison and Sigerson via TheFashionInformer
According to the Times, after Kari Sigerson and Miranda Morrison went in search of financial backing for their company in 2006, things went sour. Marc Fisher, who at the time produced shoes for lower price point brands like Tommy Hilfiger and JCPenney, bought the company for $2.6 million. Sigerson Morrison's side of the story is that designs were being copied for Fisher's other lines, production was moved against their will from Italy to China, and a little sexual harassment went down. Fisher says designs weren't delivered on time.
Fisher fired the designers in 2011, and Sigerson and Morrison were forced out of the label they started, plus prohibited from using their names in other projects. Hence the brand's hiatus (no designers means no shoes).
So if you noticed something a little less Sigerson Morrison-y about Sigerson Morrison shoes this spring, it's because that collection was created by a team of anonymous in-house designers.
Now you know.