by The Editors on May 7, 2008
With a net debt of 2.79 billion euros (thanks in a large part to their $1.5 billion purchase of Oakley) Luxottica is reportedly launching the “placement of $300 million worth of 10-year bonds with institutional investors” according to a report in Il Sole 24 Ore.
The proceeds will be used to refinance the $2.1 billion acquisition of the U.S. group Oakley completed in November last year.
In August, Luxottica said that the purchase would be financed by a $1.5 billion amortizing term loan with a maturity of five years and by a $500 million short-term bridge loan underwritten by Bank of America and UniCredit Market and Investment Banking.
But according to Forbes , no one at the company is commenting. They’re sticking to their official numbers of “strong growth .”
[Link: Forbes]
by The Editors on May 7, 2008
Tahoe resorts Sierra-at-Tahoe and Northstar-at-Tahoe had their giving gloves on this season as the two resorts donated more than $200,000 to charitable organizations according to a story in the Tahoe Daily Tribune.
We maintain this tradition of donating both to community organizations and to national organizations because it’s the right thing to do as a member of the Tahoe community and the global community,” said John Rice, general manager of Sierra-at-Tahoe resort.
Check the link for the entire list of donations.
[Link: Tahoe Daily Tribune]
by The Editors on May 7, 2008
Transworld Skateboarding Editor Carleton Curtis interviewed Joe Maloof (don’t know why we keep wanting to call him Joey) for the magazine’s website and now that interview has been picked up by USA Today . You can read their coverage of the Maloof Money Cup here .
[Link: USA Today]
by The Editors on May 7, 2008
According to Hypebeast :
Combining a classic look with a timeless design, this season DVS Luxe has partnered up with Ray-Ban, a leader in eyewear manufacturing for over 70 years. DVS chose the “Wayfarer” sunglass model as the canvas for a mixture of black and brown, with a frame consisting of marble hues, and gloss black exterior.
All for only $199. Sounds like a bargain.
[Link: Hypebeast]
by The Editors on May 7, 2008
Surfingodds.com “your premiere surf betting website” has the odds up for the Billabong Pro Teahuppo . And guess who is leading the charge? Kelly Slater at 4:1, followed by AI, Mick Fanning, Joel Parkinson, and Bede Durbidge. For the big money, outside win there’s Taylor Knox at 81:1. Not that we’re promoting gambling or anything of the sort.
by The Editors on May 7, 2008
Volcom’s rising 15-year-old surf star Andrew Doheny is profiled in today’s LA Times .
Doheny is the No. 1 surfer for his age group in the nation based on winning the open juniors championship last July at the National Scholastic Surfing Assn. Nationals in San Clemente. He has won close to 90 NSSA competitions and has earned so many trophies that his parents had to put them in a storage locker because they ran out of room in their house.
Looks like homeschooling has it’s advantages at least in the short term, huh?
[Link: LA Times]
by The Editors on May 6, 2008
If you’ve wondered what DC Co-founder Damon Way has been up to lately, you’re in luck. Transworld Business’ Josh Hunter just interviewed him about his exit from DC and his new gig as the chief brand officer at incase . Here he explains his new position.
I am currently a shareholder and board member of the company and have most recently assumed the position of chief brand officer on a full-time basis. My responsibilities are centered on the brand’s positioning and messaging relative to the various market channels we operate in.
Click the link for the rest of the interview.
[Link: Transworld Business]
by The Editors on May 6, 2008
According to the crew at TheLabelLab :
Street fashion + art will come together May 17th at Crewest Gallery in downtown Los Angeles for the 2nd showing of THELABELLAB EXHIBITION featuring live fashion art creations and installations by LABELLAB members’ Drifter, David and David, and Pretti Vacant Accessories, with a special screening of “Bomb It”—The Graffiti Documentary by Jon Reiss. The Exhibition marks an exciting opportunity for emerging street fashion brands to depict their independent style through artistic interpretations in a unique gallery in downtown Los Angeles.
Follow the jump for all the details.
[click to continue…]
by The Editors on May 6, 2008
Ross Rebagliati, the first snowboarder to ever win an Olympic gold medal has finally settled his two-year old legal dispute with CTV the creators of the TV show Whistler . Apparently, Ross felt he should be paid because he thought a character on the show was based on him.
“I am the only Canadian Olympic snowboard gold medalist, with blue eyes, blonde hair who lives in Whistler,” said Rebagliati in a statement. “The similarities between my personality and the central Whistler program character Beck MacKaye are obvious.
“I am glad I was able to get my message out, as I have worked very hard on my image since returning home from Nagano. I am grateful that CTV has taken this matter seriously and I look forward to working more closely with them in the future.”
Many may not remember (as the show was cancelled after two seasons) that Whistler also included the acting talents of Brandy Ledford (aka The former Mrs. Damian Sanders).
According to a story in Pique News Magazine, the details of the settlement were not released, but Ross is looking forward to working with the Canadian TV network when the Olympics come to Vancouver.
[Link: Pique News]
by The Editors on May 6, 2008
We don’t really know what this means, but Vtech, the maker of cordless phones has a new product out that is “inspired by skateboard and snowboard designs” whatever that means.
We guess that means large, loud graphics all over every surface of the phone, because, you know, that’s what the kids are loving these days.
[Link: CNet.com]
