TPG, the monster sized private equity firm (not to be confused with TCP the company that bought nearly half of Nixon), has made another offer for Billabong according to a story in the Australian Financial Review. Only this time it’s much lower than it was in February according to the Business Spectator.
In February, TPG offered $3.30 a share for Billabong, valuing the company at $850 million. This week’s offer of $1.45 a share comes at a 32 per cent premium to Billabong’s last traded price of $1.10, but illustrates the company’s struggles since the February offer, which has seen it issue another profit downgrade and launch a heavily discounted capital raising.
We’re guessing Mr. Merchant (and the board) will be a little more receptive to the offer this time around (seeing how things have been going recently). [Link: Business Spectator and Australian Financial Review]
Not that we’re on any kind of Vans kick today, but old guys are going to love this Vans x Skateboarding Magazine collaboration. Trust us. We know some.
VF Corp, the parent company of Vans, Reef, The North Face, etc. . . announced its financial results for the second quarter today (July 19, 2012) and things are looking rosy at the soft goods giant. Total revenues were up 16 percent (thanks Timberland), gross margins expanded 46 percent, and cash flow from operations is “expected to reach a record $1.2 billon,” whatever that means. But how did Vans do? Well, they rocked it for another quarter.
The Vans® brand achieved a 25 percent (29 percent in constant dollars) increase in global revenues in the quarter, with double-digit revenue growth in the Americas, Europe and Asia. The Vans direct-to-consumer business also demonstrated solid results, with revenues rising by 18 percent.
Congrats, Vans. For the full release including not one word about Reef, follow the jump. If the raw numbers are more your deal, click here. [click to continue…]
Would we wear these? No. But you might. And for someone into Hawaiiana, this very well could be the coolest 5-panel volleyball cap ever. And, it’s only (only?) $36.00 on Hufworldwide.com. Surf’s up, bro.
Supra Footwear is finally setting up some shoes that rad dads can buy for their kids. And it’s about time.
The four styles presented at the launch—Skytop, Vaider, Cuban, and Weston—are available in a full range of kids’ sizes (11-6). The first three styles are well known to SUPRA fans, as they’re the favorite footwear of some of the world’s top athletes and celebrities and have graced the pages of magazines and appeared on red carpets the world over, but the final style, the Weston, was created exclusively for kids.
We always figured the Skytop would sell better in kids sizes anyway. The shoes are available for purchase right now at Supra retailers and online. Follow the jump for the official word. [click to continue…]
Ambsn’s new Holiday 2012 lookbook features a tent camper and his long, dusty hike to the beach. Along the way his clothes magically switch up at every turn. It’s almost like they planned it that way just so they could show off all their new clothes.
We’re always suckers for a clever advertising hook and director Nicholaus Goossen nails it with his This Never Gets Old commercial for Osiris Shoes.
“In conceptualizing the POV concept the goal was to create a commercial that in 30/60 seconds captures all facets of youth lifestyle through action sports, art and music with subtle cameos of Osiris riders, but then tricks the mind and influences viewers to share and push it viral,” said Brian Reid, Osiris Co-Founder/CCO. “Working with Goossen and Futuristic Films for our second big campaign was a fun challenge and our most creative commercial to date.”
The spot, which features Corey Duffel, PLG, Kellen James, Lindsay Perry, Dirt Nasty and Risk, will be airing on MTV and Fuel starting today. If you haven’t already seen it, we guarantee it was force a giggle. Follow the jump for the official word.
Agenda NYC officially opened their doors to buyers and the press at 9 AM yesterday morning (July 16, 2012). Located inside the hardwood-floored, loft-windowed 82 Mercer space, Agenda is in the heart of Soho and only a short walk away from Supreme, the Burton Store, Saturday’s NYC and the many style boutiques that have made the neighborhood famous.
We’re still trying to process it all, but for a quick look at the space, the show, and the people who are attending click here for a complete photo gallery.
The Ellington, released today (July 16, 2012) by Supra, is featured in this edit shot entirely in New York City.
The technical features of the Ellington begin with the lightweight, full length SUPRAFOAM midsole that is thicker in the heel for impact protection and thinner at the toe for better board feel. It rests upon a rubber outsole with sidewalls in the toe and ollie area. The mid top collar, as well as the molded, internal ankle pods provide support and a snug, comfortable fit while retaining movement. A SUPRAFOAM footbed, with mesh sock liner, gives comfort and impact protection. The herring bone pattern in the sole’s high friction areas supplies superior grip.
Erik Ellington seems right proud of his new kicks:
“I think this shoe is a good combination of something that is functional, and it protects your feet, and it looks good,” Erik said. “I tried to incorporate all those things and I think we came out with a really good shoe. I’ve been with SUPRA since the beginning, in 2006, and I’m stoked to release my sixth shoe, the SUPRA Ellington.”
The Ellington retails for $85 and is available online and wherever Supra shoes are sold. Follow the jump for the official details and photo. [click to continue…]
After a full day of doing business at Agenda NYC, it seems that Monday night (July 16, 2012) is shaping up to be a big old briefcase full of party business. Follow the jump for all the party flyer details. You’ll see exactly what we mean. [click to continue…]
TPG, the monster sized private equity firm (not to be confused with TCP the company that bought nearly half of Nixon), has made another offer for Billabong according to a story in the Australian Financial Review. Only this time it’s much lower than it was in February according to the Business Spectator.
