{"id":50448,"date":"2016-09-08T14:19:12","date_gmt":"2016-09-08T21:19:12","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=50448"},"modified":"2016-09-08T14:29:16","modified_gmt":"2016-09-08T21:29:16","slug":"will-newell-brands-dump-k2-and-ride","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=50448","title":{"rendered":"Will Newell Brands Dump K2 And Ride?"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-50449 size-full\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2016\/09\/NewellBrands_Ex_090816-e1473369393689.jpg\" alt=\"newellbrands_ex_090816\" width=\"450\" height=\"250\" \/><\/strong><\/p>\n<p><a href=\"http:\/\/www.newellbrands.com\/OurBrands\/OutdoorSolutions\/Pages\/OutdoorSolutions.aspx\"><strong>Newell Brands<\/strong><\/a>, the company that <a href=\"http:\/\/www.boardistan.com\/?p=49348\"><strong>bought\/merged with Jarden\u00a0Corp<\/strong><\/a> (parent of <strong>K2 Sports\/Ride Snowboards<\/strong>) and spawned\u00a0all those &#8220;<a href=\"https:\/\/www.instagram.com\/p\/_SoiWlOIjK\/\"><strong>Rubbermaid snowboard<\/strong><\/a>&#8221; jokes back in\u00a0December 2015, has announced that it plans to divest itself of &#8220;some businesses&#8221; that generate &#8220;$250 million to $300 million in annual revenue,&#8221; according to story on <a href=\"https:\/\/sgbonline.com\/newell-brands-to-close-some-businesses-this-year\/\"><strong>Sporting Goods Business Online<\/strong><\/a>.<\/p>\n<blockquote><p>Newell Brands has not said what businesses it plans to exit, but some speculate it will divest winter sports brands picked up April 15, when it closed its acquisition and merger with Jarden Corp. . .\u00a0\u201cIdeally I would like to sell these assets versus simply walking away from them,\u201d company CEO <strong>Michael Polk<\/strong> told his audience Thursday. \u201cSome of them are the kinds of businesses that would be difficult to sell and therefore, we should just shut down because they create no value for you and they are a distraction for us.\u201d<\/p><\/blockquote>\n<p>Hmmm, companies that &#8220;create no value&#8221; and are &#8220;a distraction?&#8221; Wonder which &#8220;winter sports brands&#8221; people are speculating about? Could it\u00a0be K2 Sports? Guess we&#8217;ll all have to wait and see.<\/p>\n<p><strong>[Link: <a href=\"https:\/\/sgbonline.com\/newell-brands-to-close-some-businesses-this-year\/\">SGB Online<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newell Brands, the company that bought\/merged with Jarden\u00a0Corp (parent of K2 Sports\/Ride Snowboards) and spawned\u00a0all those &#8220;Rubbermaid snowboard&#8221; jokes back in\u00a0December 2015, has announced that it plans to divest itself of &#8220;some businesses&#8221; that generate &#8220;$250 million to $300 million in annual revenue,&#8221; according to story on Sporting Goods Business Online. Newell Brands has not [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[4,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/50448"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50448"}],"version-history":[{"count":4,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/50448\/revisions"}],"predecessor-version":[{"id":50454,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/50448\/revisions\/50454"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50448"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}