Okay, we admit it. Watching The Endless Summer with a live narration from Bruce Brown would be pretty rad. . . and $150 VIP event visitors also get a signed Endless Summer poster by the man himself. All this is going down at the California Surf Museum in Oceanside, CA this weekend. Click the link for more info.
[Link: California Surf Festival]
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One of our favorite style shops, Univ, based in Encinitas, California has recently introduced its collab with Dave Lee’s Signal Snowboards.
The board is manufactured in partnership at Signal’s state-of-the-art “The Lodge” Factory in California, USA. . . . UNIV and Signal founder Dave Lee are old friends and we could not imagine a better brand to affiliate with. Signal’s dedication to snowboarding and “keeping it real” is commendable.
The 155 cm board looks good to us, even at $500 a pop. Click here to buy one.
[Link: Robust Flavor]
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Luxottica Group S.p.A., the owner of Oakley, Arnette, Ray-Ban and licensee of many other “premium eyewear brands” plans to open 100 of their Sunglass Hut retail locations in India.
Andrea Guerra, chief executive officer of Luxottica Group, commented: “This is an especially important development for our Group and a turning point for our business in India. On the one hand, it allows us to become from day one a key player in one of the most promising retail markets for premium and luxury brands working side-by-side with the leading real estate developer in the market. At the same time, it is an opportunity to further strengthen the positioning of our key brands, with an expected benefit for our entire business in that market.”
The chain already has 2,000 stores worldwide. Apparently it’s very sunny in India.
[Link: MarketWatch]
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Alleged pro snowboarder Jesse Csincsak, the winner of the last season of The Bachelorette has been dumped by his finance DeAnna Pappas just four months after the two became engaged, according to a story on Eonline.
The duo had been planning to tie the knot May 9, 2009, and had even started a website to track their whirlwind courtship. . . .”I really felt like I was going to spend the rest of my life with him. I thought he was my fairy-tale ending,” Pappas told In Touch Weekly. “But after the show was over and we settled in to our normal lives, I slowly came to realize that we are two totally different people and it wasn’t going to work out.”
Whore.
[Link: Eonline]
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We’ve been meaning to check in with Rick Alden for a tour of SkullCandy’s, Utah headquarters for a while now, but KarmaloopTV beat us to it so we don’t have to. And that’s the kind of work we like best.
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We’ve been getting unconfirmed word today regarding recent lay-offs at some of the industry’s biggest brands. Podium Distribution reportedly laid off approximately 20 people on Friday, October 31, 2008. Similar lay-offs were also rumored at Black Box, Osiris, and Sole Tech.
As one action sports worker said, “Retailers can’t sell their stuff. They can’t get credit to buy more product. Companies can’t get credit to produce. . . and the tower tumbles.”
Another worker just toured the California retail scene and said that the story is the same everywhere. “It was really bad during that first weeks of the financial panic,” he said. “I’m pretty sure no one bought anything during those two weeks. It’s going to be interesting to see which brands and retailers make it through this.”
So true. If anyone has any info to share, please leave it in the comments.
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Plans for a new Chicago Billabong retail store on the city’s State Street have apparently been scrapped according to a story in Chicago Business.
Gourmet grocer Fox & Obel and trendy surf-wear retailer Billabong are dropping plans for stores in the former Carson Pirie Scott & Co. building on State Street, leaving the ambitious project with only one tenant as it approaches an opening next fall amid the bleakest retail climate in decades.
Probably not a bad idea. Are people even shopping any more?
[Link: Chicago Business]
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And now, from the Australia’s Herald Sun:
Globe International has come under renewed fire from investors, including Solomon Lew, over $57 million in related party transactions. . . . Globe investor and investment banker David Williams — who called for a board spill at the company’s annual meeting last month — has voiced concern about a series of deals involving Globe and companies linked to CEO Matt Hill and his brothers, Peter and Stephen. . . .This raises further speculation about the future of Globe, which has in the past two years sold a number of its brands in a bid to streamline the business.
[Link: Australia Herald Sun]
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The Orange County Business Journal is reporting that Quiksilver is actively looking for funding to help negotiate what it calls one of the company’s “worst downturns in clothing sales in recent memory.”
Quiksilver has hired Morgan Stanley to help it look at ways to raise money, including from existing lenders, through a stock sale or a possible private equity investment. . .The company reworked a European credit line that was due last Friday. Quiksilver is paying its lender $19 million now and deferring $71 million until March. . . Quiksilver said it expects to have about $100 million in cash and equivalents after the close of the Rossignol sale and debt payments made before the close of the company’s fiscal year that ended Friday.
Sadly, some of the recent rumors regarding the surf giant’s financial future appear to be growing legs.
[Link: Orange County Business Journal]
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At the LG Action Sports World Championships Pierre Luc Gagnon and Paul Rodriguez rolled away with gold medals in Vert and Street.
Gagnon repeated as Skateboard Vert LG World Champion. . . his technical board tricks racked up the points to bring him $30,000 to add to his winnings this year. . . In street: For ten minutes of controlled chaos they pushed their limits and threw one trick after another, cranking the level of skill beyond expectation. In the end, ‘textbook perfection’ is what took the title; Paul Rodriguez (Tarzana, Calif.) earned the Gold with a score of 95.75.
For the entire press release follow the jump.
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