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Manjaro 2.0 Manifesto
(forum.manjaro.org)
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They aren't stupid to abandon the brand and community just like that and start from nothing. The team plans to start a nonprofit that will work alongside and not under the current Manjaro company. They do say that if Manjaro GmbH & Co. KG declines, or the feel that they are dragging their heels (which they have done) they will start a strike. They are doing this rn. If that fails then they will just move to the next stage which is to leave and/or fork the project.
Manjaro itself is basically a fork of Arch, I thought. I'm not sure what its attraction is supposed to be, but I'll take your word for it. I similarly don't understand the attraction of Ubuntu over Debian.
That said, we have seen successful forks like this lately. CoMaps is a good example.