Rip Curl’s founders Brian Singer and Doug Warbrick are stepping down from the company after 44 years. The guys started the iconic label in 1969 shaping boards, and made a decision a year later to start creating wetsuits. From there it boomed. In 1981 they started selling their tech under license to international vendors, taking the company first to the US, then Europe.
Most recently, the guys attempted to sell the company for a reported AU$400 million. Although the sale didn’t eventuate, there’s no doubt the guys have built a remarkable and valuable business which they still hold over 70% of between them. Head over here for more on their decision.