To be honest, we’ve recently lacked the rigor required to stay up-to-date on the constantly changing story of Billabong debt, its pending demise, and who they’re going to depend on to save them. The most recent news is that company has landed a refinancing deal with Centerbridge Partners and Oaktree Capital (brave investors) to the tune of $386 million, according to a story in The Australian.
Private equity firm, Altamont Capital Partners, which only months earlier had agreed to recapitalize the group, has been shown the door. . . While Centerbridge and Oaktree, and their affiliates, have not bid to buy the business outright, the consortium will emerge from the deal, if approved by shareholders, with significant control. . . In addition to controlling most of the company’s senior debt, an accompanying $135m equity placement will see it owning up to 40.8 per cent of Billabong’s shares. It will also have the right to install three representatives on Billabong’s board and has brought a new chief executive to the table.
Oh, and Billabong is reportedly completely out of Nixon. That’s likely old news to you, but let us remind you of that rigor thing. Click the link of the rest of the story. Or, if you want to know what Jeff Harbaugh things about it, click here.
[Link: The Australian]
Encinitas, California based style shop UNIV is presenting a show titled Voyages featuring artwork by Andy Warde and sculptures by Stefan Janoski on Friday, September 13, 2013.
Andy Warde’s paintings create a webbed and illusional story that cannot be fully grasped with one visual appraisal. Andy combines geometric shapes, buildings, people, animals and even plants as an interpretation of himself. For more information about Andy, please visit andywarde.com. . . Stefan Janoski is known for his skateboarding video parts, global presence and his popular Nike pro-model shoe. His surreal statues in bronze and ceramic are sculpted with incredible detail and will be on display the night of the show.
The opening party begins at 6 PM with a DJ set by Chris Cote and music by Yovee. UNIV Work Shop is located at 1053 S. Coast Highway 101, in Encinitas, California.
The Univ Work Shop in Encinitas, California is presenting the release of new works and an limited edition zine by Julian Martin and Brooks Sterling at the show Those Days on the evening of Thursday, August 1, 2013.
The duo will be combining their love for film photography, simple design, travel, saltwater, concrete, girls, fun, and printed matter into a visual adventure you won’t want to miss.
The show begins at 6 PM and will include “ice cold beverages” by Pabst Blue Ribbon for those over 21. The UNIV Work Shop is located at 1053 S Coast Highway 101, B, in Encinitas, California. For the official word follow the jump. [click to continue…]
Click here for our Agenda Show photo gallery.
The Agenda Show kicked off yesterday (July 25, 2013) for its two-day run in the Long Beach Convention Center in Long Beach, California. Above all it was a reminder for everyone of how great it is to get some face time with the people you do business with.
We’re still processing our one-day into the crowded aisles of Agenda and The Berrics Agenda, but in the meantime check out a few of our photos by clicking here.
Burton Snowboards has announced that they will be opening not one, but two company stores in Northern California’s Bay Area but they didn’t mention anything about wearing “flowers in their hair.” They’re taking over the space that formerly housed SFO Snowboard on Haight St. and moving in right down the street from the Nixon store in Berkeley.
“With Tahoe just a few hours away, there are thousands of people around San Francisco who are into winter sports, but only a handful of local snowboard shops to choose from,” says Jake Burton, Founder & CEO of Burton Snowboards. “We ship a lot of product to the Bay Area through Burton.com, so to us, that means snowboarders out there are looking for gear. By opening two stores in San Francisco, we can better service local riders by offering them industry-leading product and the customer experience Burton is known for, right in their own backyard.”
As independent retailers fade, expect the company stores to pick up the slack. For the official word from Burton and SFO’s Kent Uyehara, follow the jump.
[click to continue…]
The crew from Mollusk (Luke Bartels (Carpentry), Jeff Canham (Sign Painter) and Alex Kopps (Filmmaker) are making their way to the Agenda Show, Long Beach in a pedal-powered rickshaw and along the way they’re picking a few things up. Check out the edit and then see it all at Agenda Long Beach.
Huntington Beach, California’s Huntington Surf & Sport is upping its footprint on the surf world’s most trafficked corner with an expansion of their current shop. Some of it even got finished in time for the US Open of Surfing later this month.
Huntington Surf and Sport is in the midst of a major renovation at its downtown Pierside Pavilion location, adding more than 3,000 square feet and a new energy to this iconic store. Upon completion, HSS will offer the largest inventory and best selection of hardgoods in the entire surf industry; a haven for real surfers to get authentic gear.
It’s nice to know that all surf retail isn’t dead just yet. For the official word from HSS follow the jump.
[click to continue…]
If you haven’t been following along, the Zumiez Couch Tour has been cruising its way across the nation all summer. If you’ve missed getting in on the action, here’s a little lick from Denver, Colorado. That’s all you’re going to get because the last stop on the Couch Tour was yesterday, July 2, 2013 in Chicago. Better plan now for next year.
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…]
Ryan Burch will be showing a collection of his surfboard shapes tomorrow (Friday, June 21, 2013) in The Garage at UNIV in Encinitas, California. The show, titled Functional? Water Deflecting Sculpture Not For Sale, will highlight the innovative shapes that Burch will spend the next year surfing.
Ryan is a local Encinitas surfer and shaper and utilizes his vast knowledge of surfboard design history to craft futuristic asymmetrical surfboards from beyond. He has gained widespread attention as both a test pilot and conceptual craftsman and stands at the forefront of the do-it-yourself movement and innovation.
The opening runs from 7 – 10 PM and will feature music and beer. UNIV is located at 1053 S. Coast Hwy in Encinitas, California. For the official word, follow the jump. [click to continue…]