We are baffled. . . completely.
[Link: Active Ride Shop]
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This just keeps getting funnier. Today approximately 100 people reportedly gathered at Burton Snowboard’s offices in Burlington, Vermont to “demand that the two lines of snowboards be pulled from the market,” according to a story on Fox News.
Women’s groups and a group of men working against domestic violence have joined a growing chorus of criticism directed at the snowboards. . . . Two community groups have withdrawn their participation in a Burton-sponsored program to introduce disadvantaged kids to snowboarding.
Burton CEO Laurent Potdevin even released a statement to The Burlington Free Press saying that Burton “stands behind it’s products and has no plans to recall the Love and Primo models that have caused anger in portions of the community.”
And why would they after all this free promo?
[Link: Fox News and The Burton Protest via The Burlington Free Press]
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Publication of Water Magazine, the print surf publication founded by Steve Zeldin and then sold to Surfline in July of 2007, has been officially suspended “in print for now,” according to sources at Surfline.com.
The good news is that apparently no one lost their jobs. It seems the staff was getting more milage out of the content they were putting online, without all the effort of printing a magazine. Guess it didn’t hurt that former editor Joel Patterson left for Surfer Magazine in late August.
To view an all digital Fall 2008 issue of the magazine online click the link.
[Link: Water Magazine]
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Peter Ramirez, 16, died and one of his friends was injured when they both slammed into a flatbed truck while skateboarding down a hill in Loomis, California.
Due to a hill, the skateboarders and the driver could not see each other before they collided, officials said. . . Officials said the truck driver, who was questioned and released, does not appear to be at fault. His truck was impounded to check for any mechanical issues.
Oddly, both skateboarders were “wearing protective gear, including helmets and gloves.”
[Link: My58.com]
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Stoked Mentoring will be giving Tony Hawk their Stoked Achievement Award on November 12, 2008 at the Red Bull Space in New York City on November 12, 2008, to recognize the Birdman for giving away more than $2.3 million to 390 skatepark projects.
Skateboard legend Tony Hawk says, “I’m happy and excited to be given the Stoked Achievement Award. The work of the Tony Hawk Foundation, as well as the opportunities that Stoked is giving kids through action sports to make them more successful, is something that we need more of.”
The event is being sponsored by Toyota Matrix and will be hosted by our favorite entertainment reporter Sal Masekela.
Maybe we should start handing out awards. Looks like a really good reason for a party.
Follow the jump for all the details.
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Earlier today reports of Miami-based action sports mall retailer Adrenalina putting out a $293 million buyout out offer to Pacific Sunwear have now turned into stories of the whole deal being tabled according to a report on Just-style.com.
Original reports quoted Adrenalina CEO Ilia Lekach saying the following:
This action represents our confidence that Adrenalina can reinvigorate PacSun – a powerful brand name whose underlying retail concept has grown stale – by applying our innovative approach of fusing an exceptional product mix to an exciting entertainment destination,” Lekach said in a news release.
The Motley Fool has already called bullshit on the deal.
While the surf-and-skatewear company could use a lift — its stock is off about 80% from its 52-week high — this looks like little more than a publicity stunt or a bid to boost Adrenalina’s own stock price. That’s because its chairman and CEO is Ilia Lekach, who has a rich history of playing such games.
Adrenalina stock got a 40 percent bounce this morning all the way up to $1.70. So maybe the offer was enough.
[Link: Just-Style and Business Journal and The Motley Fool]
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As much as we hate seeing snowboarders and skiers lumped together in the mainstream press we could do much worse than Tora Bright and skier Sarah Burke together in the New York Daily News, especially with photos from Tim Zimmerman and Brian Craighill.
And while the two women get plenty of exposure endorsing the Roxy outdoor lifestyle product lines, it may not be long before the freestyle skier Burke and snowboarder Bright are recognized for their athletic talents as much as their model looks.
“Model looks?” oh, that’s what this is about. Click the link for the rest.
[Link: New York Daily News]
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Fortress Investment Group, the private equity fund that purchased Intrawest in 2006 for $2.8 billion has reportedly approached potential and existing lenders about a refinancing of $1.4 billion of Intrawest’s senior debt according to a story in the Financial Times.
Fortress controls Intrawest via a $1.37bn equity stake. With Intrawest’s debt trading at less than 70 cents on the dollar, Fortress has approached potential and existing lenders to discuss a refinancing involving $1.4bn in senior debt. Fortress is putting in $100m of additional capital to preserve its equity’s value. . . . People familiar with Fortress, which operates hedge funds and private equity vehicles, say there is a low probability Intrawest will file for Chapter 11 bankruptcy protection.
Low probability? We guess that’s a good thing, right?
[Link: Financial Times]
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We kind of wondered what CB and Lyn-Z have been up to lately. Remember to bring your money to the Encinitas YMCA Skatepark, girls.
[Link: Nixon Happenings]
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