Photographer Jason Kenworthy has joined Wax Research as the Team Director/Advisor for both Sticky Bumps and Ransom.
“Jason’s industry experience and surf savy are a great asset to our management staff,” says company founder John Dahl. “We’re enthusiastic to have him onboard and I’m convinced he will help us accomplish our goals.”
For the official word from Wax Research follow the jump. [click to continue…]
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The Agenda Trade Show is proud to announce that their Long Beach, California show has received a glowing endorsement from the Board Retailers Association to help in the fight to support independent retailers.
“Supporting the independent retailers is at the core of the AGENDA business model. It’s a natural Supporting the independent retailers is at the core of the AGENDA business model. It’s a natural collaboration for AGENDA and BRA to unite for the greater good of our Industry,” says Mike Carter, VP Sales and Marketing. “The relationship will give us the opportunity to further focus on the needs of the independent retailers and brands.”
For the official word on this endorsement and all around working togetherness follow the jump. [click to continue…]
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If you haven’t registered for Agenda NYC next week (July 10-11, 2013) there is still time. Click the link and follow the instructions on get on it. There’s no better time in the City than Agenda.
[Link: Agenda Show]
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More bad news for Billabong? Is that possible? According to a story in The Australian, it is.
Following this week’s moves by the company to reassure investors that its refinancing plans were progressing, reports have emerged that HSBC and Commonwealth Bank have offloaded about $85 million worth of Billabong’s debt. . . The surprise sales are understood to have occurred at prices 15 per cent to 20 per cent lower than the debt’s face value, with the buyers understood to include illiquid asset specialist Hong Kong-based SC Lowy and Bank of America Merrill Lynch, an existing member of the lending syndicate.
So wait, you’re saying the smart money is leaving Billabong?
[Link: The Australian]
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Half of Southern California snowboarding is now up for sale as the owners of Bear Mountain and Snow Summit have put the resorts up for sale according to a post in the OC Weekly.
The San Bernardino Sun, citing county tax records, reports Snow Summit was assessed to be worth $6.14 million in 2012, up from $5.93 million in 2010. Summit bought Bear Mountain for $200,000 in 2003 and that resort was valued at $5.7 million in 2012, according to the Sun.
We’re guessing with the way the world is heating up you could probably get both mountains for less that $7 million. And from the photo above it appears they’re doing their SoCal sexy marketing best to get these resorts moving. Anyone in?
[Link: OC Weekly]
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After a ride of nearly 15 years, Transworld Surf magazine appears to have come to a closeout. The staff is now reportedly working on the final issue of the magazine. At a meeting this morning (June 25, 2013) in Transworld’s Carlsbad, California offices, it was reportedly announced to the staff that the print magazine would be shutting down, however, the website would continue under the leadership of Justin Cote and Zander Morton.
This news come just one month after it was announced that GrindMedia/Source Interlink had purchased Transworld Media from the Bonnier Corporation. When that transaction was announced GrindMedia Senior Vice President and Group Publisher Norb Garrett said on May 20, 2013 suggested that there were no plans to cut any Transworld brands or employees. How quickly things change.
In an interview posted on the GrindMedia owned Transworld Business Garrett explained the decision:
The first question everybody in the industry asked us was “can you do three surf mags?” That was a question we needed to answer first before we did anything else. While we could have on day one just closed TW Surf, which would have made a lot of sense to a lot of people, I really felt that we owed the brand and the market an opportunity for us to understand more about how the brand fit into the space. That was information we couldn’t get until after we had the brand and could have the conversations with advertisers, people in the industry, and even people outside the industry. Over the last month we spent a lot of time asking that question and the answer we came up with was no.
Garrett said that a few of the staff will be offered other opportunities in the company, and a few employees will be cut. No other title cutbacks were announced in the meetings held June 25, 2013 according to the story, but it seems likely in this changing media environment that more evolution will take place in the coming months. For the rest of Garrett’s interview click the link.
[Link: Transworld Business]
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Billabong’s potential sale of RVCA, Element, or Dakine apparently has investors feeling more positive about the company according to a story on Bloomberg.com.
Shares in the company, which has breached debt repayment terms, surged as much as 35 percent following the statement to the Australian stock exchange and were 31 percent higher at 17 Australian cents at 2:49 p.m. in Sydney.
It’s sad when a 30 percent “surge” takes a stock to 17 cents, but good news is good news. The cause of the surge was a company update (which you can read after the jump) in which Billabong said that it has “entered into separate discussions with Altamont Capital Partners and Sycamore Partners regarding proposals presented to the Company for alternative refinancing and asset sale transactions.”
Guess the big question now is who will get what? [click to continue…]
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Founding Nixon Canadian sales team member Brian White has been named to the position of Director of North American Wholesale Sales at Nixon where he will oversee the company’s US and Canadian wholesale sales and report to Mike Hoefer.
“This is a unique and exciting time,” stated White. “I feel it’s the perfect opportunity for me to impact the Nixon business with their very talented team. I am excited to learn from their expertise and help optimize the performance of the inside and outside sales teams. As one of the founding sales reps of the brand, I have experienced Nixon’s successes and feel the best years are to come.”
Congrats, Brian! For the official word from Nixon, follow the jump. [click to continue…]
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If you’ve ever thought of donating to help the work of the Stoked organization with under-served youth, this month is the time to do it. The George C. Fund will match anything you give (up to $15,000) between now and June 30, 2013. So it’s like giving doubles.
There hasn’t been a better time to join us. Become a STOKED Igniter and help #closethegap. . . With your support, our youth are empowered with the STOKED community, values and skills to achieve the success of their dreams. Through action sports culture, our youth can jump the gap.
For more details click here for Stoked or follow the jump. [click to continue…]
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Earlier this month, when Mammoth Mountain CEO Rusty Gregory told the Mammoth Lake, California Town Council that “in a few weeks Mammoth Mountain will not be run by Rusty Gregory” he was simply adding his usual flair to a less exciting story.
Truth is, while Gregory announced several changes in the management team on Wednesday, June 19, 2013, what didn’t change is the guy in the CEO position. Yes, Gregory is still CEO and that’s probably a good thing. Here’s what he said about the management changes.
“The last seven years have presented us with a series of hardships; drought, lawsuits, town bankruptcy, and global financial meltdown and the ensuing recession have left their mark on all of us,” said Gregory. “As we acknowledge the challenges behind us, it is critical now that we look to the future and recognize and act upon the opportunities that lie ahead. I believe our company and our community will not realize these opportunities by employing the visions and solutions of the past. It is time to pass the baton to a new generation of company leaders, who dare to have a new vision, possess the audacity to take risk, the guts to change the old ways, and the energy to do the hard work, with their teams, to transform the opportunities of the future into reality.”
Most of the “changes” appear to be simply adjustments to job descriptions, however, Gregory is continuing the search for a new chief operating officer of hospitality. For the official word from Mammoth Mountain, follow the jump.
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