Snowboarding

Built To Fail: A Streetwear Story

by The Editors on June 16, 2017

No shock to anyone really, but we’ve never understood the “streetwear” thing. We know what it’s like to desire every single piece of kit we’d see on our favorite skaters, surfers, and snowboarders, but we never got our heads around the fetishization of those clothes by people who seemed to be more into the fashion (and we mean that in an East Coast/NYC way) than the skateboarding. We’re hoping Bobby Hundreds‘ new documentary Built To Fail: A Street Wear Story will finally enlighten us.

BUILT TO FAIL: A STREETWEAR STORY takes you through the history of streetwear, including the subculture of LA’s surf & skate scene, the punk rock scene, and the rise of graffiti street art out of NY. The film features interviews with Tommy Hilfiger, Russell Simmons, A$AP Rocky, Benny Gold, and​ ​LA-based designers such as Eli Bonerz (X-Large), “Bobby Tribal” Ruiz (Tribal), and​ ​Rick Klotz (Freshjive).

Built To Fail premiere’s this Saturday, June 17, 2017 at the Los Angeles Film Festival at 8:35pm at the ArcLight Santa Monica. For more info click the link.

[Link: LA Film Fest]

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Johnson Named Marketing Manager At K2

by The Editors on June 13, 2017

K2 Snowboarding has named former We Are Camp Director of Marketing Thomas Johnson as their new marketing manager.

“We couldn’t be more stoked to have Tom leading our snowboard marketing efforts,” said Hunter Waldron, K2 Global Brand Director. “His skill set and experiences are spot on and will no doubt lift our marketing abilities. Equally valuable to us is his energy and stoke for snowboarding as a sport and a culture. I can’t wait to see what we are able to do with him onboard.”

For the official word from K2, please follow the jump.

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What Selling The Show Means For SIA

by The Editors on June 1, 2017

On May 25, 2017 Snow Industries of America sold the annual SIA trade show to Outdoor Retailer, Interbike, and Surf Expo owner Emerald Expositions for a reported $16.7 million. SGB Media has a great overview of the details along with a full rationalization by SIA President Nick Sargent. Here’s how he spins it:

“The sale of the SIA Snow Show to Emerald ensures the best path forward for a vibrant and successful trade show and it expands SIA’s ability to help support our members and drive the winter sporting industry forward,” Sargent says. “That’s been the goal for me in this organization from day one and I’m proud to report that we’ve accomplished that goal and are setting ourselves up forward on a new mission.”

It’s a nice way to explain it, but in reality this is simply consolidation in a down market for trade shows. The name of the new show says it best: Outdoor Retailer + Snow Show. It’s a rough time for trade shows and for SIA to get any cash out of the show is nice work by the team, but don’t be surprised if “snow show” is dropped from the official name of the show in 2019 and everyone goes back to calling it OR Summer and OR Winter.

The biggest question for us is what is SIA without a trade show? Well, according to Sargent it’s SIA 2.0. He says the organization will now have more time, resources, and funding to focus on things like retail support, education, participation, industry gatherings (but not trade shows), research, and consumer outreach. In other words, all that stuff that we get press releases for, but never pay much attention to. 

The best news for us, however, is that Emerald is still hunting for a new show location after pulling out of Salt Lake City and currently Denver, Minneapolis, Las Vegas, Chicago, Indianapolis and Portland are in the mix. The possibility that the show could end up back in Las Vegas (where it should be) as soon as 2019 is filling us with joy. If Las Vegas is all we get out of this deal, we’ll be happy.

[Link: SGB Media]

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K2 & Ride Have Another New Owner

by The Editors on May 26, 2017

K2 Snowboards, Ride Snowboards, and the rest of the Newell Brands winter sports businesses have a new owner. This time they’ve been snagged by New York based private equity firm Kohlberg & Company for a reported $240 million. From the press release:

Net sales for the divested business were approximately $330 million during 2016 and annual adjusted EBITDA for the divested business is approximately $25 million. The transaction is expected to close late in the second quarter or early in the third quarter of 2017, subject to customary closing conditions, including regulatory approval.

Not much to see here. Kohlberg is just another multi-billion dollar PE group that buys relatively boring companies and creates a quality return for their investors. We can’t even make any Rubbermaid jokes this time around. Other brands sold include Volkl, Marker, Dalbello, Madshus, Line, Full Tilt, Atlas, Tubbs, and BCA. For the official release, please follow the jump.

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Bench Pressing Bent Metal

by The Editors on May 22, 2017

Bent Metal Binding Works is proud to announce the addition of Norwegian creative master shred Fredrik Perry to the BMBW team! What better way to celebrate than the premiere of Freddy’s latest audio visual endeavor Benchpress the movie. You probably should just watch it even though it’s pretty much summer and we’re glazed on watching shred footage in general. But sure, go ahead.

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Shaun White Settles Sexual Harassment Suit

by The Editors on May 17, 2017

Shaun White and former Bad Things drummer Lena Zawaideh have finally settled their differences without going to court according to a story in USA Today.

Zawaideh first sued White and his company in May 2016, alleging breach of contract for lack of payment of her $3,750 monthly retainer from September 2013 until August 2014. The original lawsuit didn’t contain any sexual harassment allegations. . . She then switched attorneys and filed an amended complaint in August that added the sexual harassment claims in detail with screen shots of alleged text messages from White attached as exhibits. It sought punitive and compensatory damages, including lost wages.

When the suit was filed last August, Shaun said he would defend against the charges  “vigorously in court,” apparently, he changed his mind. No details were released on exactly what the settlement was, but we’re guessing Zawaideh got money in exchange for dropping her case. Isn’t that how it usually works?

[Link: USA Today]

 

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Investigating Colorado Resort Deaths

by The Editors on May 1, 2017

The Summit Daily News newspaper (which covers Summit County, Colorado) has an amazing series of articles titled White Death, in which they try to “uncover the human toll of Colorado’s ski industry.” This collection of stories illustrates the way big business resort industry seems to do its best to squash any information related to deaths on their slopes and how difficult it was for the newspaper to get details on the 137 people who have died in accidents at Colorado resorts since the winter of 2006-7. Click the link for the rest of the story.

[Link: White Death]

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Shaun White Selling His NYC Condo

by The Editors on April 27, 2017

Shaun White is on a bi-coastal home dumping spree. He’s selling his beach pad in Encinitas, California, his mod home in the Hollywood Hills, and now, according to a story in the New York Post, he’s selling his “NYC Penthouse,” though we’re not sure it’s a proper penthouse, as it’s offered up for only $2.79 million (the cheapest of his homes by far).

The two-bedroom, 2½-bathroom unit is 1,174 square feet. It comes with floor-to-ceiling windows, 12-foot ceilings and stunning skyline views. . . The eight-story building, built in 2006, features a rooftop deck with a 50-foot lap pool, wet bar and BBQ, along with a gym and a 24-hour doorman.

All told Shaun has $17.69 million of homes currently on the market. Not a bad action sports exit. Wonder what he needs the money for?

[Link: New York Post]

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Aspen Skiing Co. & KSL Buy Mammoth, Too

by The Editors on April 12, 2017

Mammoth has always wanted to be Aspen. And now, it appears their wish has finally come true. Two days after picking up Intrawest for a reported $1.5 billion, the Denver, Colorado based Aspen Skiing Co./KSL partnership has picked up Mammoth, June, Snow Summit, and Bear Mountain for an undisclosed sum according to a Jason Blevins story in the Denver Post.

Rusty Gregory, the longtime manager and chief executive of Mammoth Resorts, in a statement called the move “the next logical chapter in the story of Mammoth. . . This new platform, built around a collective passion for the mountains and our commitment to the people who visit, work and live there, is exactly what the ski resort business needs.

We’re not sure that having every single resort in the USA owned by two companies is exactly what the ski resort business needs, but we’re pretty certain it won’t change much for the average shred. That Aspen leaf in the logo always did look like two tusks and a trunk to us anyway.

[Link: Denver Post]

 

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Aspen Skiing Co. & KSL Buy Intrawest

by The Editors on April 10, 2017

Resort consolidation ratchets up a notch as Aspen Skiing Co. and private equity firm KSL Capital Partners have paid a reported $1.5 billion for Intrawest. In the deal Aspen/KSL picks up Steamboat, Winter Park, Tremblant, Stratton, Snowshoe, Blue Mountain and (through partnership with KSL) Squaw Valley and Alpine Meadows, according to a story in the Denver Post.

Intrawest once ruled the resort real estate game, but has fallen on hard times recently. Guess, this is as good a deal as they could have hoped for and as far as we can tell it rarely matter who owns the resorts we ride. Mountains are mountains.

[Link: Denver Post]

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