Wall Street

2010 Stand Up For Skatepark Celebrity Fest

by The Editors on August 24, 2010

Hawk StandupTony Hawk’s annual Stand Up For Skateparks Fund raising is going down in billionaire Ron Burkle Beverly Hills, California estate again this year. (As some might remember Burkle own’s Skateboarder Magazine parent company Source Interlink.)The October 17, 2010 event will feature a performance by Jane’s Addiction.

The exclusive event will feature games, activities, food, live and silent auctions, a Vert Demo by Tony Hawk and an all-star cast of pro skateboarders and BMX riders on Tony’s personal ramp, and a special set by Jane’s Addiction that promises to make for a unique, intimate, and one-of-a-kind event.

If you want to attend tickets are $350 a piece (on the low end) and $20,000 for the “Platinum Package” which allows the buyer to bring a 19 person entourage to the event, shower them in Tony Hawk gifts and goodness, and hang out with people like: Shaun White, Andre Agassi, Lance Armstrong, Jamie Lee Curtis, Miley Cyrus, Michael Eisner, Jon Favreau, Mia Hamm, Mat Hoffman, Terry Kennedy, Chuck Liddell, Howie Mandel, Sal Masekela, and Paul Rodriguez, Jr.

For more info follow the jump.
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Mossimo Sells Another License

by The Editors on August 24, 2010

Logo WbirdMossimo Giannulli has officially licensed Modern Amusement to Pacific Sunwear of California, according to a story on Sports One Source.

Mossimo establishd the Mossimo brand in 1987 and later licensed to Target Corp. The MODERN AMUSEMENT brand has been sold in the United States through retailers such as Nordstrom, Barney’s, Fred Segal and Bloomingdales, and internationally through accounts such as Selfridges and Harvey Nichols in the U.K. and Beams in Japan. . . .”I am so pleased to be working again with Pacific Sunwear which in many ways is like coming home,” said Giannulli. “PacSun was my first large account when I was building MOSSIMO, and to be able to take the model that I have had so much success with and build on that platform with Gary and his team is really exciting.”

When we read news like this we wonder how much money Mossimo really need. More apparently. Then again he probably does it for the love of the game.

[Link: Sports One Source]

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Chris Cole Doesn’t Makes It Reign Alone

by The Editors on August 23, 2010

3-2We all have heard that Chris Cole owns a skate shop in Langhorne, Pennsylvania called Reign Skate. But what we didn’t know is that he has a partner in the business named Skip Millard.

Transworld Business interviewed Millard to get the background on Reign and what it’s like to run a small business with a big partner.

Everyone around the shop thinks since Chris is the partner we have unlimited cash but if that was the case I would just write myself a check. Really, just the trials and tribulations of opening a small business. There is no turning it off at 5-o’clock and sometimes you won’t get home until nine and have to put in another two hours. It’s a lot of hard work, but if you love doing it, it’s worth it.

Follow the link for the rest of the interview.

[Link: Transworld Business]

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Billabong Stock Dips 13% On 2010 Report

by The Editors on August 20, 2010

Billabong Logo-1After reporting year end numbers for fiscal 2010, Billabong shares dropped 13 percent according to a story on Goldcoast.com.au.

Billabong yesterday posted a $146 million bottom-line result, down 4.5 per cent on last year’s result. . . This year’s profit was again impacted by a higher Australian dollar, but investors sold off the stock due to weakliness in the company’s key overseas markets as well as Australia.

Derek O’Neill is right (click here for video). Being down only 4.5 percent in 2010 is pretty good. Apparently, Australian traders do not agree.

[Link: Goldcoast.com.au and Heraldsun.com.au]

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Horizons West (Zephyr) Surf Shop Closes

by The Editors on August 20, 2010

Randy Wright isn’t saying much about the closure of the Horizons West Surf Shop last month, according to a story in the Santa Monica Daily Press. But to fans of the Dogtown & Z-Boys story it was a sad day.

The skate and surf shop, owned by surfer Randy Wright, occupied a modest, one-story building at the corner of Main and Bay streets that was designated a city landmark in May of 2007 after neighbors and skateboarding enthusiasts erupted in outrage over plans to tear it down and replace it with a mixed-use development. The retail space was the original home of Zephyr and Jeff Ho Productions, whose founders, Skip Engblom and Jeff Ho, created the Zephyr Skate Team, which became known as The Z-Boys. . . Wright did not return several phone calls seeking comment.

Guess we can’t expect a retailer to live on the past forever.

[Link: Santa Monica Daily Press via LAist]

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Occy’s Billabong Share Battle Settled

by The Editors on August 18, 2010

806226-Mark-OcchilupoMark Occhilupo’s former accountant, Noel Holmes, had sued the pro surfer in Brisbane Supreme Court claiming that he gave Occy $50,000 to buy 21,739 friends and family shares of Billabong stock just before it went public in 2000 and now he want’s the nearly $200,000 proceeds back. Occy apparently believed the shares belonged to him, according to a story on ABC.net.au.

But today it all got sorted out in an out-of-court settlement, according to the Courier Mail.

Lawyers for the disputing parties have spent most of today in private discussions. . . An out-of-court settlement was reached and details were not disclosed.

As might not be surprising, Occy is glad it’s over and just wants to get back in the water. “”The first thing when I get back to the coast I’ll be going for a surf for sure and take my shirt off,” Occhilupo said outside court.

Apparently Occy’s suit worked. . .

[Links: ABC.net.au and Courier Mail]

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Sacred Craft Expo Photos

by The Editors on August 17, 2010

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Larry Mabile ripping into his version of Simon Anderson’s thruster.

For the past four years Scott Bass (of Down The Line surf talk radio) has been hosting a gathering of the surfboard tribe, “as cliche as that sounds,” he’s quick to add, called the Sacred Craft Consumer Surfboard Expo.

Anyone truly into the art of surfboards already knows about the expo and has probably attended every single one of them. But for those of us who buy our boards off the rack and only think about them when something goes horribly wrong, having the Sacred Craft as the fourth horseman of this fall’s ASR Trade Show apocalypse was the perfect chance for us to see something we’ve so far missed entirely. And we don’t think we were alone

Follow the jump for the rest of the story or Click here for a small photo gallery from the show.
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Jack O’Neill Gets His Seawall

by The Editors on August 16, 2010

20100811 081158 05Djackoneill2 GalleryFor a while 87-year-old O’Neill brand founder Jack O’Neill was worried that a new seawall being built by the County of Santa Cruz, California would cause the land in front of his Pleasure Point home to erode away even more that it has, according to a story in the San Jose Mercury News. So he was asking for the County to extend their wall past the front of his home.

I was satisfied with my house the way it was,” O’Neill said Wednesday, looking out at the emerging seawall that runs up against his property. “But the wall creates a little hurricane when the sand and sea get washed down, and it eats out what’s at the end.” . . O’Neill’s seawall plans call for expansion of the county’s concrete seawall around his property. The work, which he says will cost him at least $1 million, involves removing the rock and riprap that now offers him protection from the waves and replacing them with a sturdier wall contoured around his home.

Last week, the California Coastal Commission approved O’Neill’s plans for the wall as long as he didn’t develop the property next to him. Looks like Jack will be on the point for a few more years.

[Link: Mercury News]

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Billabong To Distribute Podium In Oz

by The Editors on August 16, 2010

Md JrThis story has been written up pretty much everywhere already, but as Podium was nice enough to send out the press release (including this photo of Mike Dunlap and Justin Reyes) we decided we’d throw in our two cents.

Here’s what they’re saying:

Under the terms of the new agreement Billabong will distribute Podium brands DVS, Matix, and Lakai in Australia as well as New Zealand alongside its current line of in-house brands including Element, Nixon, Von Zipper, Kustom Footwear and Plan B. . . .Although Billabong will assume full distribution of Podium’s brands in Australia, the company’s distribution responsibilities in New Zealand will be limited to Billabong’s company retail store channels as well as stores belonging to the Billabong-owned Amazon retail chain.

Looks like step one in a much more meaningful relationship down the road, something no one denied when Podium interviewed itself on Transworld Business.

Chalk up another win for the Bong. Follow the jump for the official release.
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Friday Photos From ASR

by The Editors on August 14, 2010

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While we sort out our thoughts on the fall ASR/ Class/ Crossroads/ Sacred Craft aggregation of trade shows here are some photos from Friday, August 13, 2010.

We cruised the isles, checked out the Grind For Life High Ollie Challenge, Volcom Best Trick, and then rolled over to Grant Brittain’s portrait show at the Subtext Gallery. We dropped in on the Tailgate Alaska snowboard movie premiere and then killed off the evening at Nobu with the rest of the industry (no photos, please).

Click here for all the photos.

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