by The Editors on May 6, 2020
They lasted longer in Oregon than most anyone thought, but the COVID crisis is forcing everyone to make the hard decisions. Dakine is no different. They are reportedly closing their Hood River offices, laying off 39 people and leaving their roots behind, according to a story in the Bellingham Herald.
“The current health crisis, and the corresponding Oregon stay at home order were unforeseen business circumstances, and have made it financially unfeasible for the company to continue operating,” Dakine human resources director Raeanne Norberg wrote in a letter to state workforce officials.
Dakine says they are moving a couple people to their SoCal offices. Sad news for sure.
by The Editors on December 6, 2018
Marquee Brands, LLC, owners of zombie brands like Body Glove, Ben Sherman, and Bruno Magli, announced yesterday (December 5, 2018) that they have acquired the Dakine brand along with all related intellectual property. They’ve also partnered with JR286 to operate the brand.
Marquee Brands and JR286, who will develop Dakine’s core categories, will maintain dedicated teams for the brand in Hood River, Los Angeles, California, and Annecy, France. Ken Meidell, Dakine’s current CEO, will be joining the Marquee Brands team.
Last we checked Dakine was owned by Altamont Capital, which also holds majority positions in Brixton, Fox Head, and Mervin Manufacturing. They paid $70 million for Dakine when they bought it from Billabong in 2013, wonder what this sale means for the rest of the portfolio. Maybe nothing, maybe something. For the official word from Marquee, please follow the jump.
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by The Editors on October 10, 2017
Dakine’s new High Roller Snowboard Bag and BootPack DLX 55L will get it all there in two nice packages. To check out all the details, follow the jump.
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by The Editors on September 11, 2017
Wolle Nyvelt and his Aesmo noboards have collaborated with Dakine on collection that includes the shirts, gloves, and some special edition Aesmo Trek II and Section packs that look pretty nice. The collection launches today (Monday, September 11, 2017) at specialty retailers and Dakine.com. For the official word from Dakine and a closer look at two of the packs, please follow the jump.
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by The Editors on March 20, 2017
Dakine partnered with Furrow Surf Craft creator and shaper Christine Brailsford Caro on a collection of products that they say blends Christine’s wood-carved artwork and her board designs that are progressive, yet simple in shape and form.
The Furrow x Dakine Collection is inspired by the fun of riding waves, creativity, and a dedication to craftsmanship.
For more info, click the line.
[Link: Dakine]
by The Editors on February 23, 2017
Collabs are cool because they let a little brand give guidance to a big brand for a while withouthaving to deal with any much big brand drama. And then, after it’s over, the little brand can just go back to doing what they do. Like this deal between Maui’s Plate Lunch brothers Gregg and Cory Kaplan and Dakine.
[Link: Plate Lunch @ Dakine]
by The Editors on December 5, 2014
Sometimes getting someone geared up for the backcountry can be both time consuming and expensive, however, Dakine will get you half the way there with their Ally 11L snowboard pack. Not only does it feature 11 liters (660 cubic inches) of packing space and an insulated hydration sleeve, it comes loaded with an SC shovel and SC snow probe already in the back. It will also features a vertical snowboard carry, fleece lined goggle pocket, padded waist belt and sleeve for the snow tools. The Ally comes in Glacier blue and black and retails for $170. For more info (including where you can buy it in time for Christmas) click here.
[Link: Dakine]
12 Days Of Gifts Recap
Day 4: SOL Republic Relays
Day 3: Spy Bravo Goggles
Day 2: Stance Wittlake Five-Toe Compression Socks
Day 1: Byrd Dopp Bag
by The Editors on July 16, 2013
The list of large changes on the memo Billabong released today (July 16, 2013) is almost too long for one headline. That’s probably why they just listed four in order. Refinancing of Syndicated Debt Facilities, Sale Of Dakine, Appointment of New CEO, and New Director Appointments. How’s that for a mouthful?
Concurrent with signing the Bridge Facility, the Company has entered into binding documentation regarding the sale of DaKine to Altamont for a purchase price of A$70m (“Asset Sale”). The transaction is subject to conditions precedent which are typical for a transaction of this type. The sale is also conditional on the completion of the funding under the Bridge Facility.
In other words, Launa Inman is out as CEO (after a tumultuous 14 months), former Oakley CEO Scott Olivet is in, and Altamont Capital is now running the show. Thanks to their debt bailout (aka “Bridge Facility”) Altamont also gets to name two people (Altamont co-founders Jesse Rogers and Keoni Schwartz (hello Stanford, Harvard and Princeton)) to the Billabong board of directors. And the best part? They didn’t even have to buy the company. For most of the official details from Billabong, follow the jump or click here to get Jeff Harbaugh’s take on it all. [click to continue…]
by The Editors on June 19, 2013
Dakine hasn’t let parent company Billabong’s financial travails keep it from moving into some dope new digs in Hood River, Oregon, according to a story in the Portland Business Journal.
Its new home will accommodate growth and features earth-friendly designs including a rooftop garden, extensive use of daylight, water efficient features and reclaimed wood. Solar panels will be installed in the future.
We just hope they get to grow as they should. We hear Dakine may be out from under the “Billabong umbrella” sooner rather than later, and working right next door to the makers of Tofurkey can’t hurt.
[Link: Portland Business Journal]
by The Editors on June 5, 2013
Now that the complete take over of Billabong is off the table analysts are going over what they think the pieces of Billabong are worth.
Citi’s Craig Woolford, believes RVCA and Dakine could be sold for $110 million combined, according to a story in The Australian.
Billabong bought RVCA, which founder Pat Tenore established in 2001 in his garage, in 2010 for an undisclosed amount, saying it would contribute 2 per cent of the retailer’s total revenue. RVCA’s brand advocates include jiu-jitsu athletes like Rafa Mendes, musician Josh Harmony, surfer Christian Fletcher and skateboarder Mark Suciu. . . Billabong bought DaKine in 2008, 29 years after it was founded in Hawaii, for $US100m. It sponsors athletes in skiing, surfing, skating, windsurfing, kiteboarding and mountain biking.
It wouldn’t pay off Billabong’s $279 million debt, but it would be a step in the right direction. And when you think about it. Why buy all of Billabong’s debt when you can just scoop up a few of their better brands for next to nothing? Anyone have $110 million lying around? Hey, maybe Chip Wilson can help. . .
[Link: The Australian]
