Wall Street

Ziff’s Next Surf Pond: Palm Beach

by The Editors on October 30, 2017

Billionaire Dirk Ziff, who left his position on the board of The Weinstein Company earlier this month, appears to be planning a second of his wave ponds in Florida, according to a story in the Palm Beach Post

Palm Beach County commissioners on Thursday unanimously approved zoning for a wave park planned by . . .  billionaire Dirk Ziff.

Ziff, the co-owner of a certain privately owned entertainment company specializing in event and online streamed content production (mostly surfing sport), already owns one surf pond in Lemoore, California. Ziff was at the commissioners meeting, however he reportedly didn’t comment on the pond, the construction plans, or anything else.

[Link: Palm Beach Post]

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RIP: Snowboard Builder Chris Prior

by The Editors on October 29, 2017

In the 1990s when most of the major snowboard companies quit making Alpine race snowboards, one person stepped in and made boards for nearly everyone who still ran gates. His name was Chris Prior and the boards were Prior Snowboards. In later years, his namesake company came to make much more than race boards. Sadly, the Whistler, Canada based snowboard craftsman and innovator died suddenly at home on October 15, 2017, according to a story in Pique.

Prior passed away suddenly in an accident at his Whistler home. He was 51 years old (the family has requested an autopsy). . . He was a son, a brother, a boyfriend, a fearless creator, an adventurer, an innovative businessman, a quiet soul, a down-to-earth pioneer with his own vision, a local legend. . . “Every single day started with a full-on huge, happy attitude,” said girlfriend Lauren Bramley, who met Prior in 2010.

Our thoughts are with Prior’s family and friends.

[Link: Pique]

 

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The Outdoor Industry’s Letter To Trump

by The Editors on October 25, 2017

The Outdoor Industry Association has sent a letter to our short-fingered vulgarian President Donald Trump asking him to keep his Twitter twiddling hands off protected public land. They asked a little nicer:

As leaders of more than 350 American companies, we ask you to embrace the conservation ethic of your predecessors and keep current protections in place for our public lands and waters, ensuring these places live on for the benefit of every American today and for generations to come.

That’s a pretty big ask, and it won’t do a thing to change our current situation, but it’s a nice try. 

[Link: Outdoor Industry Association]

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Tahoe Lab: DIY NorCal Style

by The Editors on October 25, 2017

Five years ago Tahoe snowboarders Abe Greenspan and Lee Collins decided they wanted to make their own boards. So they did. They started Tahoe Lab. And in this profile from The Tahoe Daily Tribune they explain the whole idea behind their craft snowboard brand.

The duo never intended to grow TahoeLab as big as Burton, K2, Lib Tech or others. They mostly just wanted to be able to pay rent for their 600-square-foot shop. . . “We’re big into snowboarding, we’re big into the backcountry and we were dissatisfied with what was out there so we started making our own,” said Collins, a 40-year-old Yale University graduate, Tahoe resident since 2000 and president of TahoeLab.

It’s always good to see people doing things outside the fray and enjoying it. For the rest of the Tahoe Lab story, click the link.

[Link: TahoeDaily]

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Jose Cuervo: Corpo Surfing’s New Best Friend

by The Editors on October 25, 2017

Nothing puts the stamp of quality on a sporting entertainment property like a good old hard alcohol sponsorship. And that’s what a certain privately owned entertainment company specializing in event and online streamed content production (mostly surfing sport) is doing with Jose Cuervo, according to a story on SportsProMedia.

Under the deal, which covers the remainder of this year, Jose Cuervo’s Tradicional brand will be aligned with two upcoming contests: next month’s season-ending Maui Women’s Pro, and the Billabong Pipe Masters, the final stop on the men’s Championship Tour, in December. . . “The partnership between the WSL and Jose Cuervo Tradicional is a great fit culturally,” said Beth Greve, the WSL’s chief commercial officer. “The WSL is thrilled to work with such a prestigious and famous brand, and one that has been endemic to beach culture for almost 40 years.”

Epidemic to beach culture indeed. 

[Link: SportsProMedia]

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Volcom Is The Anchor

by The Editors on October 25, 2017

Sometimes it’s hard to be a punk rock fashion line in the grand house of Gucci. Try though they might it seems that Volcom just can’t live up to the expectations of its parent Kering, according to a story on SBGmedia.

Kering reported revenues in its Sport & Lifestyle segment grew 15.9 percent on a currency-neutral basis as a 17.3 percent jump at Puma offset a decline at Volcom. . . Volcom’s performance continued to be hampered by the challenges faced by specialist distributors in the US.”

Yes, blame it on the “specialist distributors.”

[Link: SBGmedia]

 

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Shred Joins 1% For The Planet

by The Editors on October 24, 2017

Shred, the Park City, Utah based makers of sunglasses, goggles, helmets, and protective equipment, has joined 1% for the planet and joins a crew of more than 1,200 businesses that have committed to donating financial support to environmental causes.

“One of Shred’s core values is to protect the natural world that serves as our playground. This only makes sense given that every product we make is designed to enhance one’s time outdoors and that our love for the mountains was a key catalyst for launching the company,” explains Shred Co-founder and CEO Carlo Salmini. “And as we celebrate our ten year anniversary, we’re working harder than ever to translate this belief into action.”

For the official word from Shred, please follow the jump.

[click to continue…]

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Mick and the Boys Get All Beered Up

by The Editors on October 24, 2017

Beer rules. There’s nothing better than hanging with the mates pounding beer after beer after beer. The buzz comes on. The talk gets loud, ya fecking kint. Beer spittle spackles your faces, and what you’re saying becomes the single most important concept in the universe, “No, no, wait, listen, shut up. . . ya, keeding?” Oh, yeah. Beer truly is the nectar of the gods. But the sad thing about beer is that with all this upside there just aren’t enough craft breweries, especially in Australia.

Well, luckily Mick FanningStirling HowlandJoel Parkinson, Bede Durbidge, Josh KerrAnthony MacDonald and Sean Ronan are here to right that wrong with Balter Brewing Company, according to a story on Nine.com.au.

“I’m proud of our team,” says Fanning. “Of the founders, four of us surf for a living and the other three are amazing at business – whether it be operations, marketing and branding or most importantly, the beer.” . . . Despite the big names associated with the brewery, both Fanning and Howland stress that Balter is bigger than any individual. “It was always about Balter and making the best beer we possibly could,” says Fanning. “From the beginning it was never about any of us boys.” 

Nope. Not about the boys, just about the beer — the best beer ever. 

[Link: Nine.com.au]

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Vans Saves VF Corp Again

by The Editors on October 23, 2017

Vans’ parent company VF Corp announced a 23 percent drop in profits year over year, however, sales for the third quarter were actually up and they have Vans to thanks, according to a story on Footwear News.

Vans — which continues to reap rewards from booming street-culture trends as well as a larger shift, by teens and young adults, away from “mainstream” brands — was responsible for a significant share of that growth, according to the company. . . VF said its Q3 gains were driven by broad-based strength across its international and direct-to-consumer platforms and Outdoor & Action Sports coalition — but most notably the Vans brand and workwear businesses.

Makes sense. Who wears anything but Vans?

[Link: Footwear News]

 

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Supreme Now Worth $1 Billion?

by The Editors on October 9, 2017

Thanks to a $500 million investment in Supreme by The Carlyle Group, the street wear brand now has a reported valuation of $1.1 Billion, according to a story on Women’s Wear Daily. The Carlyle Group is a massive “global alternative capital” company with their fingers in all manner of businesses, including action watch company Nixon. (click here for the list).

As for founder James Jebbia, well he’s been very . . . businesslike about the deal, according to a story on BusinessOfFashion.

“We’re a growing brand, and to sustain that growth we’ve chosen to work with Carlyle, who has the operational expertise needed to keep us on the steady path we’ve been on since 1994,” said Jebbia in an exclusive statement to BoF. “Working with Carlyle allows us to concentrate on doing what we do best and remain in control of our brand, as we always have.”

Not sure if having $500 million more is exactly doing what’s they’ve always done, but Jebbia might as well give it a try, huh?

[Link: WWD and BOF]

 

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