Some investors (Malone Family Superannuation Fund) who lost money when Billabong shares tanked in 2012 are now suing the company saying Billabong breached “its disclosure obligations,” according to a Reuters story.
The fund bought just under A$30,000 ($23,466) worth of Billabong shares at an average of A$4.35 per share in November 2011, the statement from the legal firm added. The shares later fell following a series of earnings downgrades. . . If Billabong had been more forthright, the fund “would either have bought Billabong securities at a price which had not been artificially inflated or they would have acquired securities in another listed entity instead”, the statement added.
Not surprisingly Billabong disagrees and says it will “vigorously defend” itself.
Snowboarder Kjersti Buaas has some new gear up and protecting her eyeballs. Yep, she’s reportedly now on the Zeal Optic program.
Growing up in Norway, Kjersti was on skis before most of us began walking. Starting at age one, Kjersti was born to be on the snow. At age 12, she tried snowboarding for the first time, and was instantly hooked. “My passion for snowboarding started at age 12, when I tried it for the first time and absolutely fell in love. Since then, I have had this never ending motivation to learn and express myself as much on my board as I possible can, whether it’s a trick in the park or if it’s just a lofty air into powder” says Kjersti.
Okay, so it’s taken Active Ride Shop a while to truly embrace the digital future, but since they made the effort we might as well welcome them with open arms. Yes, On March 19, 2015 Active launched its first “digital catalog.”
Viewers that click on an Active team rider or brand spotlight within the catalog are brought to the online store where they can see the entire collection and easily make a purchase. Known for providing the best product and service in the skate mail order business, this new digital catalog will compliment Active’s multi-medium mail order business that will still include its classic printed catalog. . . The world has become a very digital and social place in the time since print catalogs and magazines were king. The new Active Ride Shop Spring 15 digital catalog connects with people’s lifestyles through their phones, iPads or computers with social media buttons built into it so readers can easily share the newest signature product, Active Team Rider skate shots and brand features with their friends.
Again, it sounds a lot like what we were telling people in 1996, but then we were a little too far ahead of the curve on that one. Maybe now is the perfect time to jump in. Gotta admit, it’s a pretty smooth way to look at all the gear that’s out for sale right now. Much easier than burrowing through all the brands’ websites. For the official word from Active, please follow the jump.
See that little, tiny spec on that monstrous white wall? That’s Forrest Shearer, the newest member of the Zeal Optics team, working his big mountain magic. Now, he’s going to charge all the harder because he’s got some proper eyewear showing him the way (and someone paying him to wear it) which isn’t all bad these days.
“Forrest is one of the most legendary and inspiring snowboarders out there, and we’re so excited to have him in the ZEAL Family as he holds a passion that is found deep within every ZEAL ambassador,” says ZEAL Marketing’s Mike Lewis. “A passion and desire to explore more and a constant push to challenge himself and those around him to make the world a better place with his work with the POW Riders Alliance makes Forrest a perfect fit with the brand.”
9 Five kicks this lookbook video off with a little message to Luxottica’s Ray Ban brand and doesn’t slow down from there. All we can say is — trucks to your forehead.
Jannard is under contract to purchase several adjacent Hanalei Bay beachfront homes about a quarter-mile up the beach, a source tells PBN. . . . Jannard’s Kauains LLC in 2012 purchased a 23,162-square-foot parcel of land on Weke Road in Hanalei for $13.35 million from Jan Hailey Revocable Trust, near his current purchases. He sold it to Waioli Surf Shack Holdings LLC for $15 million a year later, according to public records.
If you’re going to own a strip of beach front somewhere in the world, it might as well be Hanalei Bay, right?
Well, this isn’t good news. Quiksilver today (March 4, 2015) postponed its first-quarter financial report due to a “possible error,” according to a story on Fox News.
The company’s audit committee is investigating a “revenue cut-off issue” first noticed by management. . . The company was scheduled to post earnings Thursday. It expects to announce a new date for the release later this month. The audit committee will provide an update on the investigation at a March 16 board meeting.
In the meantime, shares of the company dropped 16 cents to $1.83.
Dragon introduces the new Shadow Collection for 2015. A grouping of three silhouettes (the DS1, DS2 and Mansfield) that are based on their frameless lens technology.
. . . the Shadow Collection. . . a unique shield lens that creates a sleek, sophisticated aesthetic. This is combined with hand-made, Italian crafted frames and the assurance of the premium quality Dragon is known for. The name aside, this distinctive collection is for those looking to set themselves apart from the crowd.
Some investors (Malone Family Superannuation Fund) who lost money when Billabong shares tanked in 2012 are now suing the company saying Billabong breached “its disclosure obligations,” according to a Reuters story.
