Adidas Originals appears to have hooked up a little collab with Burton Snowboards that will bring Burton off the snow and Adidas Originals in with the shred kids, according to a story on Sports One Source.
The line, which will consist of 21 apparel pieces and seven styles of footwear, is expected to hit select Adidas Originals and Burton stores worldwide in November. It will sport Adidas Originals Trefoil and Burton branding and prices will range from $40 to $350 for apparel and $90 to $200 for footwear.
Adidas Originals’ VP Ben Pruess and Burton’s SVP & CD Greg Dacyshyn seem overjoyed with the deal. It’s two-two marketing plans in one.
Product photos on High Snobiety (via Empire Ave). Or, follow the jump for the entire release
A press release issued by the Carlsbad, California based Simo Holdings, Inc. seems to suggest that Gatorz (the eyewear company) and No Fear (the brand) are somehow getting together in what the release terms a “reverse take-over of Gatorz by No Fear.” Here are a few of the details:
Pursuant to the terms of the Merger Agreement, among other things: (i) Simo Holdings will sell to Gatorz all of the shares of common stock it owns in No Fear Retail Stores, Inc. (“No Fear”), a subsidiary of Simo Holdings, in exchange for 99,075,001 common shares of Gatorz and 52,441,932 restricted common shares of Gatorz; and (ii) NF Acquisition Corporation, a wholly-owned subsidiary of Gatorz, will merge with and into No Fear.
As we have no idea what any of this means, we’ll skip the speculation and just direct everyone to the entire press release which appears after the jump. [click to continue…]
Vipe Desai has deep roots in core action sports and after a short recent stint at Monster Energy Drink he’s landed at Transworld Media as their new Senior Marketing Director, according to a press release posted on Transworld Business.
With over 18 years of experience in the action sports industry, including retail, non-profit, youth brand consulting, and marketing, Vipe brings TransWorld Media a wealth of talent . . Vipe most recently served as the Director of Marketing for Monster Energy Drink. . . Prior to Monster, Vipe owned and operated H20 Surf and Snowboard Shop in Orange County, CA, for nearly eight years and also founded and managed Propaganda, a youth brand-consulting agency since 2000.
This seems like a perfect fit for everyone involved. For the rest of the release click the link.
Shane Wallace appears to have been busy these past few months. We’re not spilling all the details, but if you want to keep a little closer tabs on everything going down at OK Skate in Rancho Cucamonga, California it might not be a bad idea to follow them at @okskatecom and on facebook.
Ok Skate’s grand opening is May 8, 2010, but we’ll keep you posted.
What do you do if winning an Olympic Gold Medal in snowboarding doesn’t bring the breakfast cereal, big-box retailer clothing money falling in like rain? If you’re two-time Olympic medalist Ross Powers you go back to your alma mater, apparently.
According to a news item posted on the Stratton Mountain School website, Ross Powers is the school’s new Snowboarding Program Director.
“Ross returns to us with more than a decade of experience competing at the highest levels of world-wide competition,” said Christopher Kaltsas, SMS Headmaster. “Ross is one of the most highly profiled figures in the history of the Halfpipe snowboard circuit, and we are pleased to have him join our staff.”
Ross, who is replacing Mike Mallon, will join the staff at the beginning of the 2010-2011 school year. At least he’s not teaching gym.
The “Our Park” video was posted to Youtube by Hybebeast TV and explains how Nike’s plans to build a skate plaza in Tokyo’s Miyashita Park aren’t sitting well with the artists who frequent the park, nor the homeless people who live there. Check it out.
Quiksilver is doing something nice for some of their employees according to tender offer papers filed yesterday (April 19, 2010) with the US Securities and Exchange Commission.
According to the documents, Quiksilver is now giving eligible employees and contractors the ability to trade in their underwater stock options for a fewer number stock options at what may be a reduced price. Those who have options with an “exercise price per share greater than $7.71” that were “granted prior to October 19, 2008 under the Company’s Amended and Restated 2000 Stock Incentive Plan” have until 5 PM Pacific Time on May 17, 2010 to decide if they’d like to trade their options in for fewer options at the stock’s price on May 18, 2010.
Here’s why the Quik decided on the changes:
We believe that an effective and competitive incentive program for our employees and consultants is imperative for the success of our business. We rely on our experienced and productive employees and consultants and their efforts to help us achieve our business objectives. At Quiksilver, stock options constitute a key component of our incentive and retention programs because we believe that equity compensation encourages employees and consultants to act like owners of the business, motivating them to work toward our success and rewarding their contributions by allowing them to benefit from increases in the value of our shares.
Options eligible for the trade cover an aggregate of 4,105,852 shares or $10 million worth. One upside is that for most employees (excluding some European workers) the new stock options have a five-year term, rather than the Quik’s regular 10-year term. Any eligible employees who’d rather have their stock option money sooner rather than later might find this deal extremely attractive, and may actually give them a reason to stick around a little longer.
Eneliko “Liko” Smith, the Las Vegas-based hotelier who got into both financial and legal trouble in South Lake Tahoe with The Block chain of snowboard-themed hotels is reportedly planning to spend about $10 million to purchase Leelanau County, Michigan’s “long-shuttered Sugar Loaf Resort,” according to a story in the Traverse City Record-Eagle.
Leelanau County Commissioner Melinda Lautner wonders how plenty of red flags went unnoticed as Sugar Loaf’s owners and some county officials touted Smith as an ideal buyer. . . “I’m greatly concerned that there are people in our county that were this far along in agreements and plans, etcetera, and hadn’t even Googled the guy,” she said. “I’m kind of stunned.” . . . Still, Lautner said, concerned county officials won’t have much say in the matter if Smith doesn’t opt to use brownfield dollars or other public incentives. . . . “On a totally private deal, the county has absolutely no involvement,” she said. . . Commission Chair Mary Tonneberger agrees. . . . “I don’t think we have the ability on a private sale to examine the financial status of the buyer,” she said.
County offices apparently received many emails questioning the sale. The guy certainly keeps business rolling no matter what.
Houston, Texas based oil man William Kallop filed documents today (April 15, 2010) with the SEC stating that his Offshore Exploration and Production, LLC owns 7 percent (or 9,081,590 shares of Quiksilver common stock). The names of the reporting persons include Mr. Kallop, as well as Brooks Kallop and Brent Kallop who own .1 percent each.
Kallop, who made significant off-shore oil discoveries in Peru through Petro-Tech Peruana, a Peruvian subsidiary of his privately owned The Offshore International Group in 2005, sold his company in February 2009 to Korean National Oil Corp and Columbia’s Ecopetrol for a reported $900 million, according to a story in Offshore Magazine.
Peru’s president Alan Garcia later asked the Peruvian Congress to investigate the timing of Offshore International Group sale, according to a story on The Motely Fool, because Petro-Tech Peruana was “under investigation for possible connections to illegally taped conversations in an oil-kickback scandal” that caused “the worst political crisis” in Garcia’s two year administration.
A couple things are for sure: Mr. Kallop knows his way around international business, and his owning $48 million in Quiksilver stock would seem to suggest that he is rather bullish on the brand currently.
Orange County California’s Chapman University created a new Chapman Entrepreneur of the Year award and they are giving the very first one to Volcom’sRichard Woolcott.
The honor, which Sudek said “reflects the dynamic entrepreneurial spirit of Southern California,” is meant to recognize the vital role Orange County plays in American business. . . Richard Woolcott co-founded Volcom in 1991. He has served as the company’s CEO since that time, and took the company public in 2005. In addition to his business credentials, Woolcott is also an athlete and member of the Scholastic Surfing Association Hall of Fame.
Adidas Originals appears to have hooked up a little collab with Burton Snowboards that will bring Burton off the snow and Adidas Originals in with the shred kids, according to a story on Sports One Source.
