Americans have overwhelmingly spoken out against the Trump Administration’s unprecedented attempt to shut down our national monuments. The Administration’s unlawful actions betray our shared responsibility to protect iconic places for future generations and represent the largest elimination of protected land in American history. We’ve fought to protect these places since we were founded and now we’ll continue that fight in the courts. – Rose Marcario, President and CEO, Patagonia
Good lord, it’s finally happening. Today, December 1, 2017 Boardriders Inc. has made an offer to acquire all of the shares in Billabong at a price of $1 cash per share.
Billabong International Limited (Billabong) (ASX: BBG) confirms that it has received a confidential, indicative and non-binding proposal from Boardriders, Inc. (Boardriders) to acquire all of the shares in Billabong, other than those already owned by Boardriders’ related entities, at a price of $1.00 cash per share, via a scheme of arrangement (the Indicative Proposal). Funds managed by Oaktree Capital Management, L.P.(Oaktree) have a majority interest in Boardriders. Oaktree, through controlled entities, already holds 19% of the shares in Billabong and is one of Billabong’s two senior lenders.
The idea has been batting around since October 14, 2015 and it looks like the timing is finally right. This still has to pass a unanimous recommendation from the Billabong Board (among other things) but really, what other option do they have? For the official press release from Billabong, please follow the jump.
While reading Matt Warshaw’s plea for the $30,000 he needs to keep the Encyclopedia of Surfing up and running we were reminded of an old National Lampoon magazine cover. You know, the one with the cute dog with a gun to it’s head and the words “If you don’t buy this magazine, we’ll kill this dog.” Because, you know, that’s basically what Mr. Warshaw is saying:
Well, this is a tough one to write, and I’m not going to sugarcoat it. Encyclopedia of Surfing is underwater. We need to raise $30,000 by December 31, or the whole online project—Encyclopedia, History of Surfing, Above the Roar—goes away.
The irony of course is that it isn’t even possible to read his whole plea without first becoming a subscriber. Guess that’s how the closed web works. If you like what Mr. Warshaw is doing and want to help him keep curating the official history of surfing and making it available to the world then please, by all means, contribute to his efforts. You can do that by clicking here and donating whatever you’d like. Again, he only needs $30,000 by December 31, 2017.
After failing to come to a deal with Quiksilver on the sponsorship of the 2017-18 big wave event and having a tough time getting permits, but saying that the event would go on “even if we have to have coconuts for trophies” the Aikau family has reportedly decided that The Eddie is a no go for this year, according to a story in the Star Advertiser.
“It really is the most prestigious surf contest in the world. And we did not want to compromise that because it ultimately would be compromising Eddie’s integrity to not do something proper,” said Aikau family spokesperson Cynthia Scrima. “The family hopes to hold “The Eddie” during the 2018-2019 season. Scrima said the Aikaus have already applied for a permit for next season and have been searching for a new lead sponsor.
Hopefully, everyone can get together for next year. Surfing needs The Eddie.
La Jolla Shores, California is host this week to the 2017 International Surfing Association’s Adaptive World Championships. The contest kicks of today (November 30, 2017). Click here to watch all the action live and online.
The owners of the skateboard brand HUF have reportedly sold off 90 percent of the brand to the Japan based TSI Holdings Co Ltd for $63 million, according to a story on Reuters.
TSI Holdings Co Ltd says it plans to acquire 90 percent stake in U.S.-based firm HUF Holdings, LLC (target firm) on Dec. 14, at the price of $63 million
According to a press release (which is in Japanese) Keith Hufnagel currently owns 15 percent of HUF, while Altamont Capital Partners owns 57.7 percent with Jai Baek and Joanne Baek owning 17.5 and 7.5 respectively.
This is it. LSD : Let’s Skate Dude! Watch the new full length video Krooked Skateboarding starring Mark Gonzales, Brad Cromer, Bobby Worrest, Matt Gottwig, Ronnie Sandoval, Dan Drehobl, Sebo Walker, and Mike Anderson. Nothing to it but to go skate dude.
A lot of good things have come up out of Jackson Hole, Wyoming. Tim Sandlin novels, Asymbol Gallery art, TRice movies, and yeah, Franco Snowshapes — the hand crafted snowboards made by Mikey Franco. Click the white arrow for the rest of the story.
Merge4, makers of quality-driven, comfortable, durable, modern socks,has opened their flagship retail store on State Street in the heart of Santa Barbara, California.
Across from the Metro Theater and surrounded by Volcom, Vans, Urban Outfitters and Billabong: 623.5 State Street is where the entire MERGE4 collection is on display for inspection and selection: 2,000 square feet of graphic socks – the perfect gift for Christmas, Hanukah, Kwanza or Festivus: “Visually artistic socks, featuring some of the best their industry has to offer,” said MERGE4 founder Cindi Ferreira-Busenhart.
For the official word from Merge4, please follow the jump.
Couldn’t make it Newps last night for the premiere at VeeCo headquarters? Well not to worry. The whole Aliens Was Here film is only one click away. Thanks, Volcom.