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Nigo, the man that basically is streetwear label BAPE, announced yesterday that he is "stepping down as president and director of the brand... Nigo said he will continue as the majority owner of Nowhere Co., Ltd., A Bathing Ape’s parent company. He will also continue as the designer of A Bathing Ape (also known as Bape) as well as his partnership with singer/producer Pharrell Williams in the Billionaire Boys Club and Ice Cream brands, where he is co-owner and head designer." [WWD, subscription req]