by The Editors on June 2, 2009
A few weeks ago we mentioned that Transworld Media’s parent company Bonnier Corp. had purchased five magazines from “the world’s largest magazine publisher” Hachette Filipacchi Media U.S. Today the companies released the official announcement.
“We have always been committed to growing our portfolio of brands to include other passionate special-interest audiences,” says Terry Snow, CEO of Bonnier Corp. “These five titles from Hachette fit very well within our growth strategy of adding brands that serve markets with multimedia opportunities.”
We’re guessing no one is happier about this deal than Hachette Filipacchi. Click here to read MediaWeek’s coverage or follow the jump for the entire press release.
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by The Editors on June 1, 2009
Apparently, Mike Vallely isn’t the only board worker to make the jump to the MMA world. Former Burton Snowboard’s Senior VP/Global Marketing Bryan Johnston has reportedly become the UFC’s first chief marketing office, according to a story on Sports Business Journal. Johnston will reportedly be overseeing “marketing activities “with an eye toward further global expansion.”
Yeah, that sounds about right. Follow the jump for the entire press release.
[Link: Sports Business Journal]
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by The Editors on May 29, 2009
This Sunday May 31, 2009 members of the surf community will be paddling out at Doheny State Beach (Picnic Areas A and B) at 3 PM to remember the life of former SIMA president Dick Baker, who died on April 14, 2009 after a two-year battle with cancer.
Click the link for map, schedule, and more information.
[Link: SurfExpo.com]
by The Editors on May 29, 2009
by The Editors on May 28, 2009
At Zumiez’s annual shareholders meeting yesterday May 27, 2009 CEO Rick Brooks took time to restate the obvious regarding the current retail business climate, according to The Seattle Times.
“This is the toughest economic environment I’ve ever worked in,” Brooks said Wednesday. . . in Everett. . . He said Zumiez has been opening fewer new stores to reflect its diminished sales outlook, though its overall strategy remains the same. The retailer sells clothing, equipment and shoes inspired by board sports. . . “We’re staying true to who we are,” he said more than once, noting the company will maintain “strong training programs” for store employees and emphasize products that can’t be found elsewhere at the mall.
The one things Brooks wouldn’t talk about was the proposed purchase of Active Ride Shop saying only that Zumiez is “very early in the due-diligence process.”
[Link: The Seattle Times]
by The Editors on May 27, 2009
Surfer, Skateboarder, and Snowboarder magazines’ parent company Source Interlink’s plans to reorganize under Chapter 11 bankruptcy have run afoul of the IRS according to a story on Foliomag.com.
The Internal Revenue Service has filed an objection to Source Interlink’s plan of reorganization, claiming the magazine publisher and distributor owes more than $10 million in unpaid taxes. . . The objection, filed last week in Delaware’s U.S. Bankruptcy Court, said Source’s reorganization plan cannot be confirmed because it does not ensure adequate payment of the IRS’ tax claims. The IRS said Source and its affiliates have not filed a “staggering” number of federal tax returns.
What does it mean when you can’t even get your bankruptcy plans confirmed?
[Link: Folio Magazine]
by The Editors on May 27, 2009
The United States is becoming more and more like Honduras every day. Want to skip a security inspection, just pay the man in charge.
Now, thanks to a company called Clear those with a little extra cash can buy a card containing their “biometric security information” allowing them to skip regular airport security lanes and zip through a special lane just for them. And it’s only $89.
But wait, there’s more: members of the SnowSports Industries America (SIA) will get a discount.
“SIA is excited about the opportunity to offer its members this additional savings and to add Clear as one of many SIA membership benefits. This partnership will help to ease travel stress and reduce travel time for members throughout the year and for next year’s SIA Snow Show in Denver,” said David Ingemie, SIA President. “SIA works hard to provide membership benefits to members that improve their business operations. These benefits range from research to shipping services and now include Clear.”
Personally, we’re not that into turning over our fingerprints and iris scans to any “independent security firms” just to save three minutes at airport security, but that’s just us. Follow the jump for all the details.
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by The Editors on May 27, 2009
Flow Snowboards has hired OG skater/web designer Owen Neider as their new Chief Web Developer:
Owen . . . had several pro model skateboards with Madrid, has been on Indy Trucks and Powell Wheels for years. Owen’s work history includes 5 years as DC Shoes Web Development Director. He spent his last 3 years owning and running Creative Deployment.
We can’t think of a better fit.
[Link: Flow Snowboarding]
by The Editors on May 27, 2009
If there were one place in the VF fashion empire for an employee on the rise to prove his or her skills it would likely be Reef. The brand has roots, a strong following and quality product, but lately has been having some trouble in the direction department. Now, former The North Face Vice President RD&D Soft Goods Jim Gerson gets his chance to give it a go as President of Reef-Americas.
“Jim has spearheaded The North Face’s dedication to product innovation and has been a key contributor to the tremendous success of The North Face throughout his tenure with the brand,” said Stephen Murray, President of VF Action Sports Americas. “His successful background in managing key accounts in sales and leading merchandising initiatives brings to Reef a wide range of knowledge and experience from all angles of the business. I am confident that his expertise will prove to be a great asset to Reef.”
Gerson sounds like the perfect person for the job.
[Link: Surfline]
by The Editors on May 26, 2009
Lately Craigslist has been getting heat for offering up thrills of a more adult style, but now a “respected” snowboard company based in “SoCal” is up for sale in the Orange County Business section of Craigslist.
Selling an action sports/snowboard brand on craigslist? Sure, why not?! Isn’t doing things in unusual ways what it’s all about? We would like to unload a burgeoning snowboard and action sports label (hardgoods & softgoods) to an interested party who could manage its affairs in a more successful & professional manner. Basically, we have “grown too much to be small” and we are still “too small to be big.” You can take this Action Sports company to the next level by purchasing or absorbing it as an already-existing independent brand with a unique market presence.
Any guesses?
[Link: Craigslist via Club Mumble]
A few weeks ago we mentioned that Transworld Media’s parent company Bonnier Corp. had purchased five magazines from “the world’s largest magazine publisher” Hachette Filipacchi Media U.S. Today the companies released the official announcement.
