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I don’t think anybody other than Nike & Vanessa really know what actually happened. The bottom line is that I’m sure both wanted it to continue in some capacity, they just couldn’t agree on the value of it.
Vanessa has been fully transparent on why the deal fell through on her Instagram page. This is on Nike for not doing the right thing starting with the Mambacitas should never have been produced because Vanessa never agreed to it. She had strict demands on what the shoes represented and where the money would go. Nike still produced the shoes without her consent. Technically, the shoes should be destroyed since they can't come to an agreement. Of course, more pairs will still magically appear on the resale market before they are destroyed.