Search: kering

Kering Starts Volcom “Disposal Process”

by The Editors on April 12, 2018

We talked about this a while ago (November 1, 2017 to be exact), but it appears that the day of Kering’s off-loading of Volcom has officially arrived, according to a story on SGB Media.

“In accordance with Kering’s strategy to fully dedicate itself to the development of its luxury houses, Volcom no longer constitutes a core asset and Kering has initiated a disposal process,” the group said in a statement.

Disposal process? Wow. Kering bought Volcom in 2011 for $608 million will Wooly buy it back for $200 million? Could this happen, (please)? We’ll all just have to wait and see.

[Link: SGB Media]

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Kering Selling Puma? What About V-co?

by The Editors on November 1, 2017

If Kering, the parent company of Gucci and Volcom, believes that Puma is a “noncore asset” and is looking to sell the German footwear company for $7 Billion (according to Challenges via Hypebeast) so it can focus more on “luxury,” what does this mean for VeeCo? Seeing as Kering’s Sport & Lifestyle division is made up of Puma, Volcom, and Cobra Golf who knows what’s ahead.

The big question: how long will it be before Kering sells Volcom back to Wooly at a hugely discounted price? Will it be soon? We hope so.

[Link: Hypebeast]

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Kering Moves Frenchie In As Volcom CEO

by The Editors on December 10, 2015

Todd_Hymel_Webby_t286Kering, Volcom’s Paris, France based owner, has apparently decided they need someone from the home office in charge. So they’ve moved out longtime CEO Jason Steris and consolidated Volcom’s (and Electric’s) leadership under Kering’s chief executive of the Action Sports Brands Todd Hymel (right), according to a story in Orange County Business.

Hymel, a 41-year-old U.S.-French national, moved to Orange County in May to take on “a more active role in the development, expansion and performance of the Volcom and Electric brands worldwide.” He joined Kering in 2008 as deputy director of mergers and acquisitions and was appointed chief operating officer of its Sport and Lifestyle Division in 2012.

See, the new owners always move their people in eventually. Seems Kering was just a little more polite about it, waiting a full four and a half years before officially putting the company under the control of someone fluent in French.

[Link: Orange County Business]

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At The Top Of The Action News List Tonight

by The Editors on March 24, 2022

This was going to be the Ides of March news listers. Then the Holi lister, now it’s just the late-in-March list of news stories that caught our eye and might be of interest to you. That’s all. No snide asides, no out-of-context comments, no misinformed snark, and no 200 word headlines. Just links to stories that are at the top of the news tonight.

Follow the jump for all the stories.

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Let Is Snow: A Snowboarding Slasher Film

by The Editors on July 17, 2020

We can’t really stomach horror movies these days, as we’re getting enough terror on the day-to-day IRL, but if you find horror somehow calming, then this new blood and guts snowboarding slasher Let It Snow may be just what you’re looking for. Apparently, you’ll have to wait until September 22, 2020. Ride on.

[Link: FlickeringMyth]

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News From The New (and Old) World

by The Editors on March 27, 2020

While we’re blown away (with the rest of you) by how fast our world can change, and have little wisdom and no panacea for the current time, here is a short collection of news stories that have caught our attention over the past month or so. Follow the jump for the full list.

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Jamie Salter Gets Stoned

by The Editors on April 2, 2019

It’s hard to believe, but it appears that eventually every dead fashion brand ends up in Jamie Salter’s hands. So it should be no surprise that he was able to add Volcom to his arsenal of 50 zombie brands which also includes Airwalk and Vision Street Wear.

“We are thrilled to have completed the purchase of Volcom,” said Jamie Salter, Chairman and CEO of ABG. “For nearly three decades the Volcom family has created one of the most iconic brands in the skate, surf and snow markets. During the last few years, the brand has been consistently gaining traction with broader audiences around the world while staying true to its core. We could not be happier to finally get to work with this team.”

Yes, this is an over-simplification of the deal which includes the creation of a new operating group run by Todd Hymel and the current Volcom management of which ABG is a minority partner, but hey at least Vee-Co is out from under the French and zombie brands live forever.

For the official word and no mention of how much ABG paid for Volcom (last time it sold for $607 million, this time we’re guessing much, much, much less) please follow the jump.

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JJ Gonzales Named Volcom Design Director

by The Editors on June 1, 2018

Volcom has named long-time V-Co designer Jeffery James “JJ” Gonzales as their new global men’s design director.

“JJ has been a core member of the design team for years, developing and growing our bottoms business to be the industry leader, by far,” says Volcom CEO Todd Hymel. “He is a living and breathing embodiment of Volcom’s passion and dedication and I am excited for him to drive and elevate all of our efforts to bring a new level of creativity to our brand and product.”

For the official word from V-Co, please follow the jump.

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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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House of Vans Parties Kick Off Next Week

by The Editors on May 10, 2016

houseofvans_partyDon’t even think that the only parties Vans throws are in high and dry swimming pools. No, they throw house parties, too. And the this summer run of parties kicks off on May 19, 2016 with Jon Hopkins, The Black Madonna, and The Field at The House of Vans Brooklyn.

In partnership with FYF, the 2016 Vans House Parties offer a rare opportunity to experience some of the best live music programming out there in a truly unique and historical art setting that celebrates Vans’ rich “Off The Wall” heritage in one of the most culturally diverse cities in the world.

And to us it’s just a great free show. For the official word from Vans (and how to RSVP), click the link.
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